Cost of Living in Yonkers, NY
Housing
The housing market plays a significant role in determining the cost of living in Yonkers, NY.
- Housing Index: 120.0 / 100
- Median Home Price is: $550,000
- Average Rent (2 BR Apartment): $2300 per month
- Average Rent (2 BR House): $2400 per month
Considering a move to Yonkers, NY? The housing index is currently at 120.0, indicating a higher market than the national average, which could signify both opportunities and competition. With a median home price of 550000 and average rents of 2300 for apartments and 2400 for houses, it's essential to gauge your budget. This data reflects a robust rental market, suggesting demand is strong. Remember to also explore local amenities, schools, and employment opportunities, as they greatly affect overall quality of life and investment potential in housing.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Yonkers, 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 Yonkers, 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 Yonkers is a financially viable option for your relocation.