Depew, NY

Very Low · 69

New York · Population 15,065 · Updated March 2026

$1,048
Median Rent / Month
$75,226
Median Income
$180,800
Median Home Value
$1,106
Owner Costs / Month

Affordability

How far your income goes in Depew

16.7%
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

$12,576
Annual Rent
$8,200
State Income Tax
$2,929
Property Tax (est.)

Cost of Living Overview

Depew is significantly cheaper than the national average, making it an attractive option for budget-conscious individuals and families. With a cost index of 69 (where 100 equals the national median), Depew residents can expect to pay median rent of $1,048/month while earning a median household income of $75,226/year.

The median home value in Depew, NY is $180,800, with typical monthly owner costs around $1,106 including mortgage, insurance, and taxes. The median rent-to-income ratio of 16.7% 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 Depew.

Frequently Asked Questions

Common questions about living costs in Depew

What is the cost of living in Depew, NY?
The cost of living index in Depew, NY is 69 (US average = 100). Median monthly rent is $1,048, median household income is $75,226/year, and the median home value is $180,800.
Is Depew, NY affordable?
Yes, Depew is more affordable than the national average with a cost index of 69. The rent-to-income ratio is 16.7%—below the 30%% threshold considered affordable by HUD.
What is the average rent in Depew, NY?
The median gross rent in Depew, NY is $1,048 per month according to the US Census Bureau ACS 2023 data. Annual rent costs approximately $12,576.
What is the median household income in Depew?
The median household income in Depew, NY is $75,226 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%.