Median rent is 12% lower in New York ($1,779/mo vs $2,011/mo). Buying is cheaper in Lake Ridge, where the median home runs $452,800 versus $751,700. Households earn more in Lake Ridge ($120,844 vs $79,713 a year).
City A
Lake Ridge, VA
City B
New York, NY
How much would you need to earn in New York, NY to maintain your standard of living from Lake Ridge, VA?
A cost-of-living index isn't available for one of these cities yet, so we can't compute an equivalent salary.
Based on BEA Regional Price Parity (cost index) for each city's metro area. A rough estimate of overall purchasing power, not tax or take-home pay.
Metric
Lake Ridge
Virginia
New York
New York
👥Population
💰Median Household Income
Annual
🏠Median Gross Rent
Per month
🏡Median Home Value
📊Cost of Living Index
US avg = 100
🔑1BR Fair Market Rent
HUD FMR
🔑2BR Fair Market Rent
HUD FMR
🔑3BR Fair Market Rent
HUD FMR
🌬️Air Quality Index
Lower = cleaner
🏛️Top State Income Tax
Top marginal rate
🧾State Sales Tax
Statewide base rate
🎂Median Age
Years
✓ = better value · Sources: US Census ACS, BEA RPP, HUD FMR, EPA AirNow, Tax Foundation
Median rent is modestly lower in New York at $1,779/mo compared to $2,011/mo in Lake Ridge (12% gap). Home buyers face a steeper market in New York: the median home is $751,700 versus $452,800 in Lake Ridge — 40% more expensive.
1BR Fair Market Rent
2BR Fair Market Rent
BLS OEWS 2023 — metro-level data
Virginia's top income tax rate is 5.75% versus 10.90% in New York, so Lake Ridge is more tax-friendly for high earners. Sales tax is 5.30% in Virginia and 4.00% in New York; New York has the lower rate (local add-ons may apply in both).
Lake Ridge
Income tax: 5.75%
Sales tax: 5.30%
New York
Income tax: 10.90%
Sales tax: 4.00%
Air quality data is available for New York (avg AQI 61.0) but not yet for Lake Ridge.
Pick Lake Ridge if you prioritize higher median household income ($120,844/yr).
Pick New York if you prioritize cheaper rent ($1,779/mo median).
Pick Lake Ridge if you prioritize lower state income tax (5.75%).
Is Lake Ridge cheaper than New York?
Cost of living index data is not yet available for one or both cities.
How much is rent in Lake Ridge vs New York?
Median rent is $2,011/mo in Lake Ridge, VA and $1,779/mo in New York, NY. New York, NY has the lower rent by about 12%.
Which has higher salaries — Lake Ridge or New York?
Median household income is $120,844 in Lake Ridge, VA and $79,713 in New York, NY. Lake Ridge, VA has the higher median income. Note that BLS occupational wages in the table above show wages for specific jobs.
Which city has better air quality?
Air quality data is not yet available for one or both cities.
Which has lower taxes — Lake Ridge or New York?
Virginia's top income tax rate is 5.75% and New York's is 10.90%. Lake Ridge, VA has the lower rate.
What salary do I need in New York to match my Lake Ridge income?
RPP data needed for salary equivalence calculation is not yet available.
Data last updated: December 1, 2024 · Sources: US Census ACS, BEA RPP, BLS OEWS, HUD FMR, EPA AirNow, Tax Foundation · Methodology