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: $550000
• 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 Bethlehem is a financially viable option for your relocation.

Cost of Living Index

The cost of living index is a widely used metric to determine the relative affordability of cities and towns.

• Index score: 115.5

Median Income

The median income is an important factor to consider when evaluating the affordability of a city or town.

• Median Income: $78208

Educational and Social Amenities

Access to quality education, healthcare, and social services can significantly impact the overall quality of life in a city or town.

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Summary

When considering a move to Yonkers, NY, consider the following factors:

• Taxes: State income, property, and local income taxes can significantly impact your take-home pay.
• Job opportunities: The availability of jobs in your field can affect your quality of life.
• Cost of living: Housing costs, utilities, transportation, and other expenses should be considered when evaluating the affordability of a city or town.