Median rent is 6% lower in New York ($1,779/mo vs $1,895/mo). Buying is cheaper in Peekskill, where the median home runs $376,800 versus $751,700. Households earn more in Peekskill ($91,042 vs $79,713 a year).
City A
New York, NY
City B
Peekskill, NY
How much would you need to earn in Peekskill, NY to maintain your standard of living from New York, NY?
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
New York
New York
Peekskill
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 $1,895/mo in Peekskill (6% gap). Home buyers face a steeper market in New York: the median home is $751,700 versus $376,800 in Peekskill — 50% more expensive.
1BR Fair Market Rent
2BR Fair Market Rent
BLS OEWS 2023 — metro-level data
New York's top income tax rate is 10.90% versus 10.90% in New York, so Peekskill is more tax-friendly for high earners. Sales tax is 4.00% in New York and 4.00% in New York; Peekskill has the lower rate (local add-ons may apply in both).
New York
Income tax: 10.90%
Sales tax: 4.00%
Peekskill
Income tax: 10.90%
Sales tax: 4.00%
Air quality data is available for New York (avg AQI 61.0) but not yet for Peekskill.
Pick Peekskill if you prioritize higher median household income ($91,042/yr).
Is New York cheaper than Peekskill?
Cost of living index data is not yet available for one or both cities.
How much is rent in New York vs Peekskill?
Median rent is $1,779/mo in New York, NY and $1,895/mo in Peekskill, NY. New York, NY has the lower rent by about 6%.
Which has higher salaries — New York or Peekskill?
Median household income is $79,713 in New York, NY and $91,042 in Peekskill, NY. Peekskill, NY 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 — New York or Peekskill?
New York's top income tax rate is 10.90% and New York's is 10.90%. Peekskill, NY has the lower rate.
What salary do I need in Peekskill to match my New York 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