New City, New York has an overall cost of living index of 113.0, which is 13.0 points above the US average of 100 — making it pricier than most American cities. Renters pay a median of $2,395 per month, while the typical home is valued around $618,500. Households earn a median of $174,479 per year, leaving rent at a manageable share of income for many residents. The figures below cover housing, local wages by occupation, demographics, and air quality, all drawn from the US Census Bureau, BEA, HUD, and EPA.
Median Household Income
$174,479
Annual · Census ACS
Median Gross Rent
$2,395
Per month · Census ACS
Median Home Value
$618,500
Census ACS
Cost of Living Index
113.0
BEA RPP · US avg = 100
Studio FMR
$1,364
HUD Fair Market Rent
1BR Fair Market Rent
$1,549
HUD FMR
2BR Fair Market Rent
$1,979
HUD FMR
3BR Fair Market Rent
$2,511
HUD FMR
HUD Fair Market Rent = 40th percentile gross rent · FY2024
Each category is indexed to the US average of 100. Below 100 = cheaper than average.
Overall
113.0
Goods
107.8
Rents / Housing
154.3
Services
119.8
Source: BEA Regional Price Parities (metro-level)
State Income Tax
10.90%
Top marginal rate
State Sales Tax
4.00%
Statewide base rate (local add-ons may apply)
Source: Tax Foundation (2024)
| Occupation | Median Annual Wage |
|---|---|
| 💻Software Developer | $152,100 |
| 🏥Registered Nurse | $111,210 |
| 📚Elementary Teacher | $96,450 |
| ⚡Electrician | $85,650 |
| 📊Accountant | $119,050 |
Source: BLS OEWS 2023 (metro-level data)
Population
34,133
Latest estimate
Median Age
42.8 yrs
Census ACS
🌬️
AQI data not available
Source: EPA AirNow
What is the cost of living index for New City?
New City has a Regional Price Parity (RPP) index of 113.0. The US national average is 100, so New City is 13.0 points above the national average.
What is the median rent in New City?
The median gross rent in New City is $2,395 per month according to US Census ACS data.
What is the median household income in New City?
The median household income in New City is $174,479 per year.
What is the median home value in New City?
The median home value in New City is $618,500 based on the latest Census ACS survey.
How is the air quality in New City?
Air quality data for New City is not yet available.
What are the taxes like in New City?
New York has a top state income tax rate of 10.90% and a statewide sales tax of 4.00% (local rates may add to this). Source: Tax Foundation, 2024.
Data last updated: December 1, 2024 · Sources: US Census ACS, BEA RPP, BLS OEWS, HUD FMR, EPA AirNow, Tax Foundation · Methodology