New Paltz, NY Cost Of Living
Cost Of Living In New Paltz, NY Summary
Cost of living in New Paltz research summary. The cost of living index is set to 100 for the average place in the United States. A cost of living index above 100 means New Paltz is expensive. An index value below 100 means the city is a relatively cheap place to live.
On a city-by-city basis in New York, home prices and rent have the biggest impact on the cost of living. Here are the key takeaways based on Saturday Night Science:
The cost of living index in New Paltz is 128, with 100 being the average.
The cost of living index in New Paltz is 1.3x higher than the national average.
New Paltz ranks as the #141 cheapest in New York out of 340.
New Paltz ranks as the #5,183 cheapest out of 6,412 in the US.
The median home value in New Paltz is $297,100.
The median income in New Paltz is $51,912.
Table Of Contents
New Paltz's Overall Cost Of Living
Higher Than The National Average
What is the cost of living in New Paltz, NY?
According to the most recent data on the cost of living, New Paltz has an overall cost of living index of 128, which is 1.3x higher than the national index of 100.
Compared to New York, New Paltz has a cost of living index that's 1.0x higher than New York's index of 126.
The standard of living in New Paltz ranks as #141 most affordable out of the 340 places we measured in New York. By definition, that implies New Paltz ranks as the #199 most expensive place in the Empire State.
For more reading on life in New Paltz, check out:
- Living In New Paltz
- Search Homes For Sale In New Paltz, NY
In New York
In America
New Paltz Cost Of Living Vs. New York
Six factors go into calculating the cost of living index in New Paltz. Here is how it fairs on each of the criteria:
The Services index in New Paltz is 122.
The Groceries index in New Paltz is 106.
The Health index in New Paltz is 115.
The Housing index in New Paltz is 148.
The Transportation index in New Paltz is 117.
The Utilities index in New Paltz is 132.
| Living Expense | New Paltz | New York | National Average | |
|---|---|---|---|---|
| Overall | 128 | 126 | 100 | |
| Services | 122 | 110 | 100 | |
| Groceries | 106 | 104 | 100 | |
| Health | 115 | 105 | 100 | |
| Housing | 148 | 175 | 100 | |
| Transportation | 117 | 107 | 100 | |
| Utilities | 132 | 102 | 100 | |
New Paltz, NY Housing Cost Breakdown
Housing swings affordability the most between places in New York, so we broke down housing costs into more detail. Home and income data comes from the most recent US Census ACS 2017-2021. The key points are:
The Median Home Value in New Paltz is $297,100.
The Median Rent in New Paltz is $1,405.
The Median Income in New Paltz is $51,912.
The Home Value To Income in New Paltz is 5.7x.
The Rent To Monthly Income in New Paltz is 0.32x.
| Statistic | New Paltz | New York | United States |
|---|---|---|---|
| Median Home Value | $297,100 | $340,600 | $244,900 |
| Median Rent | $1,405 | $1,390 | $1,163 |
| Median Income | $51,912 | $75,157 | $69,021 |
| Home Value To Income | 5.7x | 4.5x | 3.5x |
| Rent To Monthly Income | 0.32x | 0.22x | 0.2x |
Median Home Value
Median Rent
Median Income
New Paltz, NY Costs By Category
Detailed New Paltz Services Costs Vs. New York
Detailed New Paltz Groceries Costs Vs. New York
Detailed New Paltz Health Costs Vs. New York
Detailed New Paltz Transportation Costs Vs. New York
Detailed New Paltz Utilities Costs Vs. New York
New Paltz SnackAbility
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Cost Of Living In Cities Around New Paltz
The cost of living varies in the cities and towns around New Paltz. Here's a quick look at the cost of living in the most populous nearby places:
Poughkeepsie, NY has a cost of living index of 113, 0.9x New Paltz.
Newburgh, NY has a cost of living index of 115, 0.9x New Paltz.
Beacon, NY has a cost of living index of 120, 0.9x New Paltz.
| City | Population | Cost Of Living | Vs. New Paltz |
|---|---|---|---|
| Poughkeepsie, NY | 31,475 | 113 | 0.9x |
| Newburgh, NY | 28,834 | 115 | 0.9x |
| Beacon, NY | 13,713 | 120 | 0.9x |
| Myers Corner, NY | 10,427 | 132 | 1.0x |
| Orange Lake, NY | 10,159 | 125 | 1.0x |
| New Windsor, NY | 8,693 | 121 | 0.9x |
| Walden, NY | 6,841 | 115 | 0.9x |
| Highland, NY | 6,473 | 119 | 0.9x |
| Wappingers Falls, NY | 6,074 | 121 | 0.9x |
