Quick facts: Yonkers, NY

Quick Facts

115.5
Cost of Living
above US average
208,121
Population
12.26
Crime Rate per 1000
below US average
$78,208
Median Income
below US average
$649,995
Median House Price
above US average
$2659.94
Average Rent
above US average
11%
Poverty Rate
above US average
4.3%
Unemployment Rate
above US average

πŸ’΅ Affordability Calculator

Based on the 28/36 rule: housing costs should not exceed 28% of your gross income. Compared against local median income of $78,208.

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Income Needed to Buy

βœ— Stretch
$204k/year
Based on $649,995 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $204k vs median $78,208
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Income Needed to Rent

⚠ Stretch
$114k/year
Based on $2659.94/month average rent
Annual income where rent = 28% of gross
⚠️ Requires $114k vs median $78,208
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Yonkers, NY

Yonkers, NY, located just north of New York City, is the fourth-largest city in the state and is part of Westchester County. The city boasts a rich history, dating back to its founding in 1646, and features a diverse array of neighborhoods, each with its own unique charm. Yonkers is known for its scenic waterfront along the Hudson River, particularly in the Downtown area, where you can find parks, walking paths, and restaurants with stunning views. The city is well-connected with multiple public transport options, including the Metro-North Railroad, making it an appealing location for commuters to Manhattan. A vibrant cultural scene flourishes in Yonkers, highlighted by attractions such as the Hudson River Museum, the Yonkers Arts Weekend, and historic sites like the Philipse Manor Hall. Yonkers also features a mix of residential, commercial, and recreational spaces. With the large shopping center at Cross County Shopping Center and lush parks like Van Cortlandt Park, residents enjoy a variety of activities. The city continues to develop, offering a blend of urban living with suburban comforts, making it an attractive destination for families and young professionals alike.

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