Newburgh, NY Cost Of Living
Cost Of Living In Newburgh, NY Summary
Cost of living in Newburgh 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 Newburgh 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 Newburgh is 115, with 100 being the average.
The cost of living index in Newburgh is 1.1x higher than the national average.
Newburgh ranks as the #115 cheapest in New York out of 340.
Newburgh ranks as the #4,492 cheapest out of 6,412 in the US.
The median home value in Newburgh is $166,000.
The median income in Newburgh is $47,952.
Table Of Contents
Newburgh's Overall Cost Of Living
Higher Than The National Average
What is the cost of living in Newburgh, NY?
According to the most recent data on the cost of living, Newburgh has an overall cost of living index of 115, which is 1.1x higher than the national index of 100.
Compared to New York, Newburgh has a cost of living index that's 0.9x lower than New York's index of 126.
The standard of living in Newburgh ranks as #115 most affordable out of the 340 places we measured in New York. By definition, that implies Newburgh ranks as the #225 most expensive place in the Empire State.
For more reading on life in Newburgh, check out:
- Living In Newburgh
- Newburgh Crime Report
- Search Homes For Sale In Newburgh, NY
In New York
In America
Newburgh Cost Of Living Vs. New York
Six factors go into calculating the cost of living index in Newburgh. Here is how it fairs on each of the criteria:
The Services index in Newburgh is 123.
The Groceries index in Newburgh is 108.
The Health index in Newburgh is 117.
The Housing index in Newburgh is 97.
The Transportation index in Newburgh is 118.
The Utilities index in Newburgh is 133.
| Living Expense | Newburgh | New York | National Average | |
|---|---|---|---|---|
| Overall | 115 | 126 | 100 | |
| Services | 123 | 110 | 100 | |
| Groceries | 108 | 104 | 100 | |
| Health | 117 | 105 | 100 | |
| Housing | 97 | 175 | 100 | |
| Transportation | 118 | 107 | 100 | |
| Utilities | 133 | 102 | 100 | |
Newburgh, 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 Newburgh is $166,000.
The Median Rent in Newburgh is $1,188.
The Median Income in Newburgh is $47,952.
The Home Value To Income in Newburgh is 3.5x.
The Rent To Monthly Income in Newburgh is 0.3x.
| Statistic | Newburgh | New York | United States |
|---|---|---|---|
| Median Home Value | $166,000 | $340,600 | $244,900 |
| Median Rent | $1,188 | $1,390 | $1,163 |
| Median Income | $47,952 | $75,157 | $69,021 |
| Home Value To Income | 3.5x | 4.5x | 3.5x |
| Rent To Monthly Income | 0.3x | 0.22x | 0.2x |
Median Home Value
Median Rent
Median Income
Newburgh, NY Costs By Category
Detailed Newburgh Services Costs Vs. New York
Detailed Newburgh Groceries Costs Vs. New York
Detailed Newburgh Health Costs Vs. New York
Detailed Newburgh Transportation Costs Vs. New York
Detailed Newburgh Utilities Costs Vs. New York
Newburgh SnackAbility
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Cost Of Living In Cities Around Newburgh
The cost of living varies in the cities and towns around Newburgh. Here's a quick look at the cost of living in the most populous nearby places:
Peekskill, NY has a cost of living index of 129, 1.1x Newburgh.
Jefferson Valley-Yorktown, NY has a cost of living index of 146, 1.3x Newburgh.
Beacon, NY has a cost of living index of 120, 1.0x Newburgh.
| City | Population | Cost Of Living | Vs. Newburgh |
|---|---|---|---|
| Peekskill, NY | 25,304 | 129 | 1.1x |
| Jefferson Valley-Yorktown, NY | 14,168 | 146 | 1.3x |
| Beacon, NY | 13,713 | 120 | 1.0x |
| Stony Point, NY | 12,389 | 137 | 1.2x |
| Myers Corner, NY | 10,427 | 132 | 1.1x |
| Orange Lake, NY | 10,159 | 125 | 1.1x |
| Monroe, NY | 9,392 | 133 | 1.2x |
| Woodbury, NY | 9,111 | 131 | 1.1x |
| New Windsor, NY | 8,693 | 121 | 1.1x |
| Mahopac, NY | 8,573 | 139 | 1.2x |
