Median rent is 12% lower in New York ($1,779/mo vs $2,012/mo). Buying is cheaper in Timberwood Park, where the median home runs $469,900 versus $751,700. Households earn more in Timberwood Park ($147,471 vs $79,713 a year).
City A
New York, NY
City B
Timberwood Park, TX
How much would you need to earn in Timberwood Park, TX 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
Timberwood Park
Texas
👥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 $2,012/mo in Timberwood Park (12% gap). Home buyers face a steeper market in New York: the median home is $751,700 versus $469,900 in Timberwood Park — 37% more expensive.
1BR Fair Market Rent
2BR Fair Market Rent
BLS OEWS 2023 — metro-level data
Texas has no state income tax, while New York tops out at 10.90% — giving Timberwood Park a clear advantage for high earners. Sales tax is 4.00% in New York and 6.25% in Texas; New York has the lower rate (local add-ons may apply in both).
New York
Income tax: 10.90%
Sales tax: 4.00%
Timberwood Park
Income tax: None
Sales tax: 6.25%
Air quality data is available for New York (avg AQI 61.0) but not yet for Timberwood Park.
Pick Timberwood Park if you prioritize higher median household income ($147,471/yr).
Pick New York if you prioritize cheaper rent ($1,779/mo median).
Pick Timberwood Park if you prioritize no state income tax.
Is New York cheaper than Timberwood Park?
Cost of living index data is not yet available for one or both cities.
How much is rent in New York vs Timberwood Park?
Median rent is $1,779/mo in New York, NY and $2,012/mo in Timberwood Park, TX. New York, NY has the lower rent by about 12%.
Which has higher salaries — New York or Timberwood Park?
Median household income is $79,713 in New York, NY and $147,471 in Timberwood Park, TX. Timberwood Park, TX 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 Timberwood Park?
Texas has no state income tax. New York has a top rate of 10.90%.
What salary do I need in Timberwood Park 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