Cost of Living in New York
Housing costs, rent, income, and affordability for 1,283 cities in NY. Updated 2026.
Understanding the cost of living in New York is essential whether you're planning a move, comparing job offers, or evaluating real estate investments. This page breaks down housing costs, rent prices, and median household income for every city in New York, with comparisons to national averages.
New York's average home value of $367,868 is 50% above the national median of $244,900. The average median household income is $92,301, and average monthly rent is $1,140.
Most Affordable Cities in New York
Cities with population 5,000+ ranked by lowest median home value.
| # | City | Home Value | Rent | Income | Population |
|---|---|---|---|---|---|
| 1 | Binghamton University | $0 | $0/mo | $0 | 6,921 |
| 2 | Fort Drum | $0 | $1,563/mo | $63,194 | 16,124 |
| 3 | Rochester Institute of Technology | $0 | $981/mo | $19,420 | 6,339 |
| 4 | Stony Brook University | $0 | $0/mo | $0 | 9,138 |
| 5 | University at Buffalo | $0 | $1,438/mo | $0 | 6,776 |
| 6 | West Point | $0 | $3,501/mo | $139,700 | 6,549 |
| 7 | Salamanca | $78,000 | $702/mo | $39,871 | 5,878 |
| 8 | Jamestown | $79,100 | $755/mo | $44,878 | 28,401 |
| 9 | Albion | $81,300 | $914/mo | $45,474 | 5,495 |
| 10 | Ogdensburg | $82,100 | $761/mo | $59,306 | 9,600 |
| 11 | Hornell | $86,600 | $769/mo | $46,321 | 8,173 |
| 12 | Elmira | $88,200 | $871/mo | $43,089 | 26,349 |
| 13 | Olean | $90,500 | $786/mo | $47,553 | 13,798 |
| 14 | Dunkirk | $91,200 | $905/mo | $49,003 | 12,597 |
| 15 | Gloversville | $95,500 | $905/mo | $49,155 | 15,010 |
Most Expensive Cities in New York
| # | City | Home Value | Rent | Income | Population |
|---|---|---|---|---|---|
| 1 | Kings Point | $1,917,200 | $3,501/mo | $185,811 | 5,614 |
| 2 | Rye | $1,785,400 | $2,751/mo | $237,727 | 16,410 |
| 3 | Scarsdale | $1,703,800 | $3,501/mo | $250,001 | 18,005 |
| 4 | Larchmont | $1,384,700 | $1,990/mo | $160,526 | 6,542 |
| 5 | East Hills | $1,371,600 | $0/mo | $250,001 | 7,249 |
| 6 | Manhasset | $1,338,700 | $1,798/mo | $180,776 | 7,730 |
| 7 | Lawrence | $1,231,800 | $2,188/mo | $174,787 | 6,771 |
| 8 | North Hills | $1,212,900 | $3,501/mo | $196,938 | 5,419 |
| 9 | Bronxville | $1,137,700 | $3,355/mo | $215,726 | 6,539 |
| 10 | Pelham Manor | $1,075,300 | $1,894/mo | $250,001 | 5,648 |
Highest Income Cities in New York
| # | City | Median Income | Home Value | Population |
|---|---|---|---|---|
| 1 | Ardsley | $250,001 | $792,900 | 5,005 |
| 2 | East Hills | $250,001 | $1,371,600 | 7,249 |
| 3 | Pelham Manor | $250,001 | $1,075,300 | 5,648 |
| 4 | Scarsdale | $250,001 | $1,703,800 | 18,005 |
| 5 | Rye | $237,727 | $1,785,400 | 16,410 |
| 6 | Rye Brook | $236,968 | $970,900 | 9,884 |
| 7 | Garden City | $228,807 | $1,063,300 | 22,866 |
| 8 | Briarcliff Manor | $226,053 | $850,500 | 7,333 |
| 9 | Dix Hills | $219,636 | $891,400 | 25,042 |
| 10 | Bronxville | $215,726 | $1,137,700 | 6,539 |
Cost of Living FAQ — New York
What is the average cost of living in New York?
The average median home value across New York cities is $367,868, with average rent of $1,140/month. The average median household income is $92,301.
What are the cheapest cities in New York?
The most affordable cities in New York by home value include Binghamton University ($0), Fort Drum ($0), Rochester Institute of Technology ($0).
What is the most expensive city in New York?
The most expensive city in New York is Kings Point with a median home value of $1,917,200.
How does New York compare to the national average?
New York's average home value of $367,868 is above the national median of $244,900. Median rent of $1,140/month is below the US average of $1,163.