Cost of Living in Newburgh, NY
Housing
The housing market plays a significant role in determining the cost of living in Newburgh, NY.
- Housing Index: 115.0 / 100
- Median Home Price is: $289,000
- Average Rent (2 BR Apartment): $1800 per month
- Average Rent (2 BR House): $1600 per month
When considering a move to Newburgh, NY, it's essential to look at the housing landscape. With a housing index of 115.0, indicating above-average housing costs, renting a 2-bedroom apartment averages at 1800, whereas a 2-bedroom house costs somewhat less at 1600. The median home price in the area stands at 289000, which may suggest a stable or growing real estate market. Potential residents should weigh these costs against local income levels and the overall quality of life in Newburgh, ensuring they make a financially sound decision.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Newburgh, NY.
- Electricity Price: $26.08 USD (median by state)
- Natural Gas Price: $18.13 USD per Thousand Cubic Feet (median by state)
- Other Utilities (water, garbage, etc.): $250 per month
Living in Newburgh, NY could entail higher utility costs. Electricity costs sit at $26.08, while natural gas is priced at $18.13 per Thousand Cubic Feet — both aligning with state medians. Expect to budget about $250 monthly for other services like water and garbage. These utility expenses are vital considerations as they directly influence monthly living costs. Comparing these rates to other cities may help ascertain if Newburgh is a financially viable option for your relocation.