New Rochelle, NY Cost Of Living
Cost Of Living In New Rochelle, NY Summary
Cost of living in New Rochelle 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 Rochelle 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 Rochelle is 160, with 100 being the average.
The cost of living index in New Rochelle is 1.6x higher than the national average.
New Rochelle ranks as the #283 cheapest in New York out of 340.
New Rochelle ranks as the #6,005 cheapest out of 6,412 in the US.
The median home value in New Rochelle is $578,000.
The median income in New Rochelle is $87,159.
Table Of Contents
New Rochelle's Overall Cost Of Living
Higher Than The National Average
What is the cost of living in New Rochelle, NY?
According to the most recent data on the cost of living, New Rochelle has an overall cost of living index of 160, which is 1.6x higher than the national index of 100.
Compared to New York, New Rochelle has a cost of living index that's 1.3x higher than New York's index of 126.
The standard of living in New Rochelle ranks as #283 most affordable out of the 340 places we measured in New York. By definition, that implies New Rochelle ranks as the #57 most expensive place in the Empire State.
For more reading on life in New Rochelle, check out:
- Living In New Rochelle
- New Rochelle Crime Report
- Search Homes For Sale In New Rochelle, NY
In New York
In America
New Rochelle Cost Of Living Vs. New York
Six factors go into calculating the cost of living index in New Rochelle. Here is how it fairs on each of the criteria:
The Services index in New Rochelle is 120.
The Groceries index in New Rochelle is 104.
The Health index in New Rochelle is 116.
The Housing index in New Rochelle is 251.
The Transportation index in New Rochelle is 117.
The Utilities index in New Rochelle is 131.
| Living Expense | New Rochelle | New York | National Average | |
|---|---|---|---|---|
| Overall | 160 | 126 | 100 | |
| Services | 120 | 110 | 100 | |
| Groceries | 104 | 104 | 100 | |
| Health | 116 | 105 | 100 | |
| Housing | 251 | 175 | 100 | |
| Transportation | 117 | 107 | 100 | |
| Utilities | 131 | 102 | 100 | |
New Rochelle, 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 Rochelle is $578,000.
The Median Rent in New Rochelle is $1,660.
The Median Income in New Rochelle is $87,159.
The Home Value To Income in New Rochelle is 6.6x.
The Rent To Monthly Income in New Rochelle is 0.23x.
| Statistic | New Rochelle | New York | United States |
|---|---|---|---|
| Median Home Value | $578,000 | $340,600 | $244,900 |
| Median Rent | $1,660 | $1,390 | $1,163 |
| Median Income | $87,159 | $75,157 | $69,021 |
| Home Value To Income | 6.6x | 4.5x | 3.5x |
| Rent To Monthly Income | 0.23x | 0.22x | 0.2x |
Median Home Value
Median Rent
Median Income
New Rochelle, NY Costs By Category
Detailed New Rochelle Services Costs Vs. New York
| Item | New Rochelle | New York |
|---|---|---|
| Shampoo | $0.96 | $1.06 |
| Movie | $13.09 | $10.68 |
| Bowling | $18.83 | $14.67 |
| Haircut | $32.76 | $18.62 |
| Beauty Salon | $65.09 | $39.05 |
Detailed New Rochelle Groceries Costs Vs. New York
| Item | New Rochelle | New York |
|---|---|---|
| Ground Beef | $4.44 | $4.22 |
| Fried Chicken | $1.42 | $1.39 |
| Milk | $2.65 | $2.05 |
| Potatoes | $3.98 | $3.29 |
| Pizza | $9.41 | $10.62 |
| Beer | $10.04 | $9.38 |
| Toothpaste | $2.13 | $2.34 |
Detailed New Rochelle Health Costs Vs. New York
| Item | New Rochelle | New York |
|---|---|---|
| Optometrist | $127.5 | $108.57 |
| Doctor | $118.17 | $116.17 |
| Dentist | $132.27 | $99.13 |
Detailed New Rochelle Transportation Costs Vs. New York
| Item | New Rochelle | New York |
|---|---|---|
| Gasoline | $2.33 | $2.22 |
| Tire Balancing | $69.75 | $50.07 |
Detailed New Rochelle Utilities Costs Vs. New York
| Item | New Rochelle | New York |
|---|---|---|
| All Electricity | $261.22 | $167.67 |
| Phone | $178.6 | $175.64 |
New Rochelle SnackAbility
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Cost Of Living In Cities Around New Rochelle
The cost of living varies in the cities and towns around New Rochelle. Here's a quick look at the cost of living in the most populous nearby places:
Yonkers, NY has a cost of living index of 147, 0.9x New Rochelle.
Mount Vernon, NY has a cost of living index of 142, 0.9x New Rochelle.
Levittown, NY has a cost of living index of 140, 0.9x New Rochelle.
| City | Population | Cost Of Living | Vs. New Rochelle |
|---|---|---|---|
| Yonkers, NY | 209,730 | 147 | 0.9x |
| Mount Vernon, NY | 72,855 | 142 | 0.9x |
| Levittown, NY | 52,540 | 140 | 0.9x |
| Plainview, NY | 26,665 | 155 | 1.0x |
| Eastchester, NY | 20,636 | 163 | 1.0x |
| Mamaroneck, NY | 19,989 | 165 | 1.0x |
| Syosset, NY | 19,347 | 177 | 1.1x |
| Scarsdale, NY | 18,063 | 265 | 1.7x |
| Woodmere, NY | 17,267 | 176 | 1.1x |
| North New Hyde Park, NY | 15,125 | 170 | 1.1x |
