Gloversville, NY

Very Low · 52

New York · Population 15,010 · Updated March 2026

$905
Median Rent / Month
$49,155
Median Income
$95,500
Median Home Value
$917
Owner Costs / Month

Affordability

How far your income goes in Gloversville

22.1%
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

$10,860
Annual Rent
$5,358
State Income Tax
$1,547
Property Tax (est.)

Cost of Living Overview

Gloversville is significantly cheaper than the national average, making it an attractive option for budget-conscious individuals and families. With a cost index of 52 (where 100 equals the national median), Gloversville residents can expect to pay median rent of $905/month while earning a median household income of $49,155/year.

The median home value in Gloversville, NY is $95,500, with typical monthly owner costs around $917 including mortgage, insurance, and taxes. The median rent-to-income ratio of 22.1% 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 Gloversville.

Frequently Asked Questions

Common questions about living costs in Gloversville

What is the cost of living in Gloversville, NY?
The cost of living index in Gloversville, NY is 52 (US average = 100). Median monthly rent is $905, median household income is $49,155/year, and the median home value is $95,500.
Is Gloversville, NY affordable?
Yes, Gloversville is more affordable than the national average with a cost index of 52. The rent-to-income ratio is 22.1%—below the 30%% threshold considered affordable by HUD.
What is the average rent in Gloversville, NY?
The median gross rent in Gloversville, NY is $905 per month according to the US Census Bureau ACS 2023 data. Annual rent costs approximately $10,860.
What is the median household income in Gloversville?
The median household income in Gloversville, NY is $49,155 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%.