Baldwin, NY

Very High · 165

New York · Population 33,595 · Updated March 2026

$1,695
Median Rent / Month
$139,840
Median Income
$578,200
Median Home Value
$3,043
Owner Costs / Month

Affordability

How far your income goes in Baldwin

14.5%
Rent-to-Income Ratio
Affordable
Rent takes less than 25% of median income — considered affordable by HUD standards.

Tax Burden in New York

State-level tax rates that affect your costs

10.9%
Income Tax (Top Rate)
4.0%
Sales Tax
1.62%
Property Tax Rate

Estimated Annual Costs

$20,340
Annual Rent
$15,243
State Income Tax
$9,367
Property Tax (est.)

Cost of Living Overview

Baldwin has a significantly higher cost of living than most US cities, driven largely by premium housing costs. With a cost index of 165 (where 100 equals the national median), Baldwin residents can expect to pay median rent of $1,695/month while earning a median household income of $139,840/year.

The median home value in Baldwin, NY is $578,200, with typical monthly owner costs around $3,043 including mortgage, insurance, and taxes. The median rent-to-income ratio of 14.5% means housing is relatively affordable here — well below the 30% threshold that HUD considers cost-burdened.

New York's top income tax rate of 10.9% is among the highest in the nation, adding to the overall cost burden. Combined with a 4.0% sales tax rate and 1.62% effective property tax rate, the overall tax environment is a factor in the total cost of living in Baldwin.

Frequently Asked Questions

Common questions about living costs in Baldwin

What is the cost of living in Baldwin, NY?
The cost of living index in Baldwin, NY is 165 (US average = 100). Median monthly rent is $1,695, median household income is $139,840/year, and the median home value is $578,200.
Is Baldwin, NY affordable?
No, Baldwin is more expensive than the national average with a cost index of 165. The rent-to-income ratio is 14.5%—below the 30%% threshold considered affordable by HUD.
What is the average rent in Baldwin, NY?
The median gross rent in Baldwin, NY is $1,695 per month according to the US Census Bureau ACS 2023 data. Annual rent costs approximately $20,340.
What is the median household income in Baldwin?
The median household income in Baldwin, NY is $139,840 per year. This compares to the national median of approximately $80,000.
What are the taxes like in New York?
New York has a top income tax rate of 10.9%, a sales tax of 4.0%, and an effective property tax rate of 1.62%.