What is the cost of living in New York?

New York has an average cost of living index of 114, which is 2% above the national average of 112. Average monthly rent across tracked cities is $2,153, and average median household income is $60,410.

What is the cheapest city in New York?

Buffalo is the most affordable city tracked in New York, with a cost index of 93 and median rent of $1,381/month.

What is the most expensive city in New York?

New York City is the most expensive city tracked in New York, with a cost index of 156 and median rent of $3,706/month.

What is the average rent in New York?

The average monthly rent across 5 tracked cities in New York is $2,153. The cheapest rent is in Buffalo at $1,381/month.

What is the average household income in New York?

The average median household income across tracked cities in New York is $60,410. The highest-earning city is Yonkers at $81,816.

Is New York affordable to live in?

New York's average rent-to-income ratio is 41.6%. Financial advisors recommend keeping rent below 30% of gross income. New York can be a financial stretch, with rent exceeding 30% of typical incomes in many cities. Buffalo offers the best value at a cost index of 93.

Home/New York

5 cities tracked

New York

Compare affordability, taxes, rent pressure, and earnings across New York’s tracked cities with a single state-level intelligence view.

All Rankings

Most affordable: Buffalo

Highest income: Yonkers

Avg rent: $2,153

Avg Cost Index

0/ 100

State Population

Avg Income

Avg Rent

$0/mo

Avg Home Price

Tracked City Pop

State Intelligence Overview

Core metrics, city comparisons, and tax signals

Most Affordable

Buffalo

Index: 93Rent: $1,381

Most Expensive

New York City

Index: 156Rent: $3,706

Highest Income

Yonkers

$81,816Rent: $2,643

New York vs National Average

Cost Index

114

+1.8% vs avg

Avg Rent

$2,153

+13.6% vs avg

Avg Income

$60,410

-24.8% vs avg

Cities in New York

City	Cost	Rent	Income	Home Price	Pop	Rent/Inc
New York City	156	$3,706	$79,713	$812,534	8,258,035	55.8%
Buffalo	93	$1,381	$48,050	$232,351	274,678	34.5%
Yonkers	133	$2,643	$81,816	$673,384	207,657	38.8%
Rochester	93	$1,434	$46,628	$228,693	207,274	36.9%
Syracuse	95	$1,601	$45,845	$204,630	145,560	41.9%