Coram, NY

Very High · 162

New York · Population 41,527 · Updated March 2026

$2,529
Median Rent / Month
$107,159
Median Income
$425,300
Median Home Value
$2,458
Owner Costs / Month

Affordability

How far your income goes in Coram

28.3%
Rent-to-Income Ratio
Moderate
Rent takes 25-35% of median income — moderate affordability.

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

$30,348
Annual Rent
$11,680
State Income Tax
$6,890
Property Tax (est.)

Cost of Living Overview

Coram has a significantly higher cost of living than most US cities, driven largely by premium housing costs. With a cost index of 162 (where 100 equals the national median), Coram residents can expect to pay median rent of $2,529/month while earning a median household income of $107,159/year.

The median home value in Coram, NY is $425,300, with typical monthly owner costs around $2,458 including mortgage, insurance, and taxes. With a rent-to-income ratio of 28.3%, Coram falls within the generally affordable range, though it's approaching the 30% burden threshold.

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 Coram.

Frequently Asked Questions

Common questions about living costs in Coram

What is the cost of living in Coram, NY?
The cost of living index in Coram, NY is 162 (US average = 100). Median monthly rent is $2,529, median household income is $107,159/year, and the median home value is $425,300.
Is Coram, NY affordable?
No, Coram is more expensive than the national average with a cost index of 162. The rent-to-income ratio is 28.3%—below the 30%% threshold considered affordable by HUD.
What is the average rent in Coram, NY?
The median gross rent in Coram, NY is $2,529 per month according to the US Census Bureau ACS 2023 data. Annual rent costs approximately $30,348.
What is the median household income in Coram?
The median household income in Coram, NY is $107,159 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%.