We all know that the Empire State is one of most expensive states in the country, so trust us when we say that the cities on this list are mind-bogglingly pricey. But where are these extra-expensive cities in New York?
It should come as no shock that one of the most expensive cities in America, New York City, is featured on this list. Equally unsurprising is the inclusion of Long Island’s bastions of “old money” on the North Shore, like Manorhaven and Glen Cove. In fact, most places on this list are within spitting distance of NYC. Hey, there’s a high price tag on living near one of the most iconic cultural and commercial centers on the planet.
Before moving to any of these places, you’d be well advised to have a good job lined up, because to keep up with the Joneses in New York, you’ll want to earn a minimum income of $151,038/year. When you’re living next door to Michael Bloomberg, Rupert Murdoch, and 100 some-odd other billionaires, you’d better believe you need to make good money to stay in the neighborhood.
Get ready to drop the platinum card on Fifth Ave, make a killing on Wall Street, and put your name down for an apartment on Billionaires’ Row, because we’re heading to the most expensive places in New York.
Table Of Contents: Top Ten | Methodology | Summary | Table
The 10 Most Expensive Places To Live In New York For 2024
What’s the most expensive place to live in New York? Well, HomeSnacks crunched the numbers and discovered that Kings Point is the most expensive place to live in New York.
Niagara Falls (the cheapest place to live in New York) can show these guys how to live on a budget in the coming years. Read on for how these places had costs rise faster than inflation.
And if you already knew these places were expensive, check out some more reading about New York and the most expensive cities in the country:
The 10 Most Expensive Places To Live In New York For 2024
/10
Population: 5,593
Cost Of Living Index: 363
Median Income: $172,402
Average Home Price: $2,350,495
Home Price To Income Ratio: 13.6x
More on Kings Point: Data | Crime | Cost Of Living | Real Estate
The overall cost of living in Kings Point is 363. The median income in Kings Point comes in at $172,402 and the average home value is $2,350,495 for 2024.
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Population: 18,061
Cost Of Living Index: 268
Median Income: $250,001
Average Home Price: $1,926,527
Home Price To Income Ratio: 7.7x
More on Scarsdale: Data | Crime | Cost Of Living | Real Estate
The overall cost of living in Scarsdale is 268. The median income in Scarsdale comes in at $250,001 and the average home value is $1,926,527 for 2024.
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Population: 16,447
Cost Of Living Index: 227
Median Income: $227,565
Average Home Price: $2,034,669
Home Price To Income Ratio: 8.9x
More on Rye: Data | Crime | Cost Of Living | Real Estate
The overall cost of living in Rye is 227. The median income in Rye comes in at $227,565 and the average home value is $2,034,669 for 2024.
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Population: 6,549
Cost Of Living Index: 221
Median Income: $220,714
Average Home Price: $1,464,885
Home Price To Income Ratio: 6.6x
More on Larchmont: Data | Crime | Cost Of Living | Real Estate
The overall cost of living in Larchmont is 221. The median income in Larchmont comes in at $220,714 and the average home value is $1,464,885 for 2024.
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Population: 6,570
Cost Of Living Index: 219
Median Income: $206,850
Average Home Price: $1,414,491
Home Price To Income Ratio: 6.8x
More on Bronxville: Data | Crime | Cost Of Living | Real Estate
The overall cost of living in Bronxville is 219. The median income in Bronxville comes in at $206,850 and the average home value is $1,414,491 for 2024.
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Population: 5,425
Cost Of Living Index: 206
Median Income: $182,401
Average Home Price: $1,477,467
Home Price To Income Ratio: 8.1x
More on North Hills: Data | Cost Of Living | Real Estate
The overall cost of living in North Hills is 206. The median income in North Hills comes in at $182,401 and the average home value is $1,477,467 for 2024.
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Population: 7,242
Cost Of Living Index: 205
Median Income: $250,001
Average Home Price: $1,503,280
Home Price To Income Ratio: 6.0x
More on East Hills: Data | Cost Of Living | Real Estate
The overall cost of living in East Hills is 205. The median income in East Hills comes in at $250,001 and the average home value is $1,503,280 for 2024.
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Population: 5,682
Cost Of Living Index: 195
Median Income: $250,001
Average Home Price: $1,213,121
Home Price To Income Ratio: 4.9x
More on Pelham Manor: Data | Crime | Cost Of Living | Real Estate
The overall cost of living in Pelham Manor is 195. The median income in Pelham Manor comes in at $250,001 and the average home value is $1,213,121 for 2024.
/10
Population: 28,721
Cost Of Living Index: 193
Median Income: $151,038
Average Home Price: $1,124,534
Home Price To Income Ratio: 7.4x
More on Harrison: Data | Crime | Cost Of Living | Real Estate
The overall cost of living in Harrison is 193. The median income in Harrison comes in at $151,038 and the average home value is $1,124,534 for 2024.
/10
Population: 22,871
Cost Of Living Index: 190
Median Income: $204,883
Average Home Price: $1,077,707
Home Price To Income Ratio: 5.3x
More on Garden City: Data | Crime | Cost Of Living | Real Estate
The overall cost of living in Garden City is 190. The median income in Garden City comes in at $204,883 and the average home value is $1,077,707 for 2024.
Methodology: How We Determined The Most Expensive Places To Live In The Empire State For 2024
The two most important things to think about when it comes to being able to afford a city in New York are:
- How much money do I make?
- How much do I have to spend to live there?
You need to understand your costs in the context of how much money you make.
For example, if the median household earns $100,000 and spends $40,000 on housing, it’s actually cheaper to live there than a place with a median income of $50,000 and housing costs of $21,000. You might spend more on housing, but you have more money overall to play with.
With that example in mind, we derived several statistics from the latest Census American Community Survey 2018-2022 around incomes and costs. They are:
- Overall Cost Of Living Index
- Median Home Price / Median Income (lower is better)
- Median Income / Median Rent (Higher is better)
- Median Home Price
You can then compare these metrics in each of the places in New York to figure out which is the most expensive.
You are left with a “Cost of Living Index” by taking the average rank of each of these metrics for each city.
So we used that cost of living index to rank all of the 168 places in New York that have more than 5,000 people.
The place with the highest cost of living in New York according to the data is Kings Point. We updated this article for 2024. This article is our tenth time ranking the most expensive places to live in New York.
Summary: Taking A Chunk Out Of Your Paycheck In New York For 2024
Well, there you have it, the places in New York that have the highest cost of living, with Kings Point ranking as the most expensive city in the Empire State.
The most expensive cities in New York are Kings Point, Scarsdale, Rye, Larchmont, Bronxville, North Hills, East Hills, Pelham Manor, Harrison, and Garden City.
Here’s a look at the most affordable cities in New York according to the data:
- Niagara Falls
- Salamanca
- Buffalo
For more New York reading, check out:
- Best Places To Live In New York
- Cheapest Places To Live In New York
- Most Dangerous Places In New York
- Best Places To Raise A Family In New York
- Safest Places In New York According To Science
- Worst Places To Live In New York State
Most Expensive Cities In New York
| Rank | City | Cost Of Living | Population | Median Income | Average Home Price | Home/Income Ratio |
|---|---|---|---|---|---|---|
| 1 | Kings Point | 363 | 5,593 | $172,402 | $2,350,495 | 13.6x |
| 2 | Scarsdale | 268 | 18,061 | $250,001 | $1,926,527 | 7.7x |
| 3 | Rye | 227 | 16,447 | $227,565 | $2,034,669 | 8.9x |
| 4 | Larchmont | 221 | 6,549 | $220,714 | $1,464,885 | 6.6x |
| 5 | Bronxville | 219 | 6,570 | $206,850 | $1,414,491 | 6.8x |
| 6 | North Hills | 206 | 5,425 | $182,401 | $1,477,467 | 8.1x |
| 7 | East Hills | 205 | 7,242 | $250,001 | $1,503,280 | 6.0x |
| 8 | Pelham Manor | 195 | 5,682 | $250,001 | $1,213,121 | 4.9x |
| 9 | Harrison | 193 | 28,721 | $151,038 | $1,124,534 | 7.4x |
| 10 | Garden City | 190 | 22,871 | $204,883 | $1,077,707 | 5.3x |
| 11 | Lawrence | 188 | 6,773 | $169,029 | $1,754,064 | 10.4x |
| 12 | Great Neck | 186 | 11,060 | $128,457 | $1,274,040 | 9.9x |
| 13 | Rye Brook | 183 | 9,920 | $199,965 | $1,008,631 | 5.0x |
| 14 | Hastings-on-Hudson | 172 | 8,456 | $161,908 | $979,873 | 6.1x |
| 15 | Pelham | 171 | 7,261 | $172,692 | $1,115,333 | 6.5x |
| 16 | Irvington | 171 | 6,590 | $184,569 | $1,089,139 | 5.9x |
| 17 | Sea Cliff | 171 | 5,062 | $181,375 | $956,983 | 5.3x |
| 18 | Dobbs Ferry | 170 | 11,431 | $144,000 | $860,831 | 6.0x |
| 19 | Briarcliff Manor | 170 | 7,395 | $208,988 | $943,253 | 4.5x |
| 20 | Manorhaven | 170 | 6,929 | $95,493 | $765,121 | 8.0x |
| 21 | Mamaroneck | 164 | 19,930 | $121,672 | $846,875 | 7.0x |
| 22 | Pleasantville | 163 | 7,430 | $167,841 | $858,680 | 5.1x |
| 23 | Wesley Hills | 163 | 6,123 | $147,408 | $937,865 | 6.4x |
| 24 | Sleepy Hollow | 161 | 10,396 | $98,580 | $897,889 | 9.1x |
| 25 | New Rochelle | 160 | 80,828 | $100,542 | $807,345 | 8.0x |
| 26 | Rockville Centre | 160 | 25,784 | $147,361 | $856,286 | 5.8x |
| 27 | White Plains | 158 | 59,421 | $109,551 | $695,239 | 6.3x |
| 28 | New Hempstead | 157 | 5,449 | $119,875 | $783,851 | 6.5x |
| 29 | Northport | 156 | 7,337 | $137,487 | $760,930 | 5.5x |
| 30 | Tuckahoe | 156 | 6,995 | $108,683 | $718,302 | 6.6x |
| 31 | Kaser | 156 | 5,501 | $30,320 | $978,813 | 32.3x |
| 32 | Williston Park | 155 | 7,543 | $145,956 | $781,485 | 5.4x |
| 33 | Croton-on-Hudson | 154 | 8,237 | $166,087 | $692,679 | 4.2x |
| 34 | Cedarhurst | 154 | 7,307 | $102,561 | $1,014,899 | 9.9x |
| 35 | Bayville | 154 | 6,763 | $136,346 | $719,065 | 5.3x |
| 36 | Massapequa Park | 152 | 17,045 | $161,193 | $676,157 | 4.2x |
| 37 | New Hyde Park | 152 | 10,235 | $144,375 | $837,167 | 5.8x |
| 38 | Port Jefferson | 152 | 7,990 | $134,230 | $676,622 | 5.0x |
| 39 | Glen Cove | 151 | 28,132 | $91,372 | $703,932 | 7.7x |
| 40 | Babylon | 150 | 12,185 | $136,875 | $654,830 | 4.8x |
| 41 | Port Chester | 147 | 31,288 | $92,116 | $609,851 | 6.6x |
| 42 | Mineola | 147 | 20,940 | $130,111 | $709,636 | 5.5x |
| 43 | Nyack | 147 | 7,057 | $97,013 | $701,755 | 7.2x |
| 44 | New York | 146 | 8,622,467 | $76,607 | $733,006 | 9.6x |
| 45 | Floral Park | 145 | 15,892 | $153,659 | $769,798 | 5.0x |
| 46 | Westbury | 145 | 15,788 | $125,976 | $656,547 | 5.2x |
| 47 | East Rockaway | 145 | 10,070 | $115,701 | $653,020 | 5.6x |
| 48 | Elmsford | 145 | 5,192 | $120,301 | $591,257 | 4.9x |
| 49 | Long Beach | 143 | 34,734 | $125,974 | $741,005 | 5.9x |
| 50 | Lake Grove | 143 | 11,066 | $114,381 | $628,854 | 5.5x |
| 51 | Chestnut Ridge | 142 | 10,339 | $106,918 | $732,843 | 6.9x |
| 52 | Airmont | 141 | 10,020 | $101,612 | $782,472 | 7.7x |
| 53 | Amityville | 141 | 9,507 | $96,496 | $510,280 | 5.3x |
| 54 | Farmingdale | 141 | 8,428 | $127,059 | $606,719 | 4.8x |
| 55 | Ossining | 139 | 27,076 | $99,678 | $504,426 | 5.1x |
| 56 | Lynbrook | 139 | 20,299 | $139,266 | $646,702 | 4.6x |
| 57 | Mount Kisco | 139 | 10,835 | $99,444 | $623,471 | 6.3x |
| 58 | Malverne | 138 | 8,526 | $158,333 | $684,440 | 4.3x |
| 59 | Yonkers | 137 | 209,780 | $78,208 | $616,101 | 7.9x |
| 60 | Lindenhurst | 137 | 27,139 | $115,967 | $520,461 | 4.5x |
| 61 | Great Neck Plaza | 136 | 7,443 | $97,022 | $461,075 | 4.8x |
| 62 | Mount Vernon | 134 | 72,817 | $75,511 | $522,617 | 6.9x |
| 63 | Kiryas Joel | 134 | 34,368 | $40,218 | $737,673 | 18.3x |
| 64 | Valley Stream | 133 | 40,288 | $122,048 | $655,780 | 5.4x |
| 65 | New Square | 133 | 9,578 | $27,488 | $662,634 | 24.1x |
| 66 | Monroe | 131 | 9,420 | $115,451 | $501,501 | 4.3x |
| 67 | Woodbury | 130 | 11,371 | $141,632 | $1,239,443 | 8.8x |
| 68 | Freeport | 129 | 44,210 | $109,390 | $552,986 | 5.1x |
| 69 | Hempstead | 128 | 58,557 | $80,350 | $515,919 | 6.4x |
| 70 | Patchogue | 128 | 12,343 | $99,271 | $508,629 | 5.1x |
| 71 | Peekskill | 127 | 25,401 | $86,695 | $444,855 | 5.1x |
| 72 | Haverstraw | 126 | 12,286 | $77,254 | $390,705 | 5.1x |
| 73 | West Haverstraw | 126 | 10,649 | $81,795 | $376,904 | 4.6x |
| 74 | New Paltz | 126 | 7,732 | $59,779 | $391,808 | 6.6x |
| 75 | Spring Valley | 124 | 32,963 | $50,749 | $752,847 | 14.8x |
| 76 | Suffern | 122 | 11,376 | $94,688 | $491,644 | 5.2x |
| 77 | Beacon | 121 | 13,876 | $96,891 | $477,592 | 4.9x |
| 78 | Saratoga Springs | 120 | 28,505 | $97,241 | $532,060 | 5.5x |
| 79 | Wappingers Falls | 119 | 5,775 | $61,554 | $429,759 | 7.0x |
| 80 | Goshen | 118 | 5,736 | $93,679 | $499,691 | 5.3x |
| 81 | Washingtonville | 118 | 5,733 | $101,146 | $454,392 | 4.5x |
| 82 | Walden | 116 | 6,861 | $76,724 | $364,347 | 4.7x |
| 83 | Warwick | 113 | 6,653 | $85,736 | $519,919 | 6.1x |
| 84 | Poughkeepsie | 112 | 31,717 | $53,875 | $288,731 | 5.4x |
| 85 | Newburgh | 112 | 28,751 | $48,555 | $353,405 | 7.3x |
| 86 | Colonie | 108 | 7,767 | $100,093 | $292,148 | 2.9x |
| 87 | Ballston Spa | 108 | 5,288 | $78,136 | $364,302 | 4.7x |
| 88 | Middletown | 105 | 30,169 | $70,155 | $358,572 | 5.1x |
| 89 | Ithaca | 104 | 31,359 | $45,468 | $382,030 | 8.4x |
| 90 | Oneonta | 104 | 14,097 | $62,188 | $201,322 | 3.2x |
| 91 | Canton | 103 | 7,245 | $57,639 | $181,207 | 3.1x |
| 92 | Hudson | 103 | 5,923 | $46,293 | $389,385 | 8.4x |
| 93 | Kingston | 102 | 24,018 | $62,071 | $291,912 | 4.7x |
| 94 | Albany | 101 | 99,692 | $54,736 | $281,271 | 5.1x |
| 95 | Troy | 101 | 51,268 | $54,837 | $253,552 | 4.6x |
| 96 | Saranac Lake | 101 | 5,079 | $58,197 | $313,198 | 5.4x |
| 97 | Watertown | 100 | 24,859 | $49,722 | $182,077 | 3.7x |
| 98 | Plattsburgh | 100 | 19,907 | $55,049 | $217,419 | 3.9x |
| 99 | Glens Falls | 100 | 14,743 | $64,731 | $230,775 | 3.6x |
| 100 | Watervliet | 100 | 10,325 | $51,092 | $265,978 | 5.2x |