Freeport, NY

Very High · 152

New York · Population 44,102 · Updated March 2026

$1,984
Median Rent / Month
$118,755
Median Income
$479,700
Median Home Value
$2,411
Owner Costs / Month

Affordability

How far your income goes in Freeport

20.0%
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

$23,808
Annual Rent
$12,944
State Income Tax
$7,771
Property Tax (est.)

Cost of Living Overview

Freeport has a significantly higher cost of living than most US cities, driven largely by premium housing costs. With a cost index of 152 (where 100 equals the national median), Freeport residents can expect to pay median rent of $1,984/month while earning a median household income of $118,755/year.

The median home value in Freeport, NY is $479,700, with typical monthly owner costs around $2,411 including mortgage, insurance, and taxes. The median rent-to-income ratio of 20.0% 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 Freeport.

Frequently Asked Questions

Common questions about living costs in Freeport

What is the cost of living in Freeport, NY?
The cost of living index in Freeport, NY is 152 (US average = 100). Median monthly rent is $1,984, median household income is $118,755/year, and the median home value is $479,700.
Is Freeport, NY affordable?
No, Freeport is more expensive than the national average with a cost index of 152. The rent-to-income ratio is 20.0%—below the 30%% threshold considered affordable by HUD.
What is the average rent in Freeport, NY?
The median gross rent in Freeport, NY is $1,984 per month according to the US Census Bureau ACS 2023 data. Annual rent costs approximately $23,808.
What is the median household income in Freeport?
The median household income in Freeport, NY is $118,755 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%.