Kingston, NY

Average · 93

New York · Population 23,942 · Updated March 2026

$1,323
Median Rent / Month
$65,413
Median Income
$277,900
Median Home Value
$1,398
Owner Costs / Month

Affordability

How far your income goes in Kingston

24.3%
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

$15,876
Annual Rent
$7,130
State Income Tax
$4,502
Property Tax (est.)

Cost of Living Overview

Kingston offers a below-average cost of living, giving residents more purchasing power compared to many US cities. With a cost index of 93 (where 100 equals the national median), Kingston residents can expect to pay median rent of $1,323/month while earning a median household income of $65,413/year.

The median home value in Kingston, NY is $277,900, with typical monthly owner costs around $1,398 including mortgage, insurance, and taxes. The median rent-to-income ratio of 24.3% 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 Kingston.

Frequently Asked Questions

Common questions about living costs in Kingston

What is the cost of living in Kingston, NY?
The cost of living index in Kingston, NY is 93 (US average = 100). Median monthly rent is $1,323, median household income is $65,413/year, and the median home value is $277,900.
Is Kingston, NY affordable?
Yes, Kingston is more affordable than the national average with a cost index of 93. The rent-to-income ratio is 24.3%—below the 30%% threshold considered affordable by HUD.
What is the average rent in Kingston, NY?
The median gross rent in Kingston, NY is $1,323 per month according to the US Census Bureau ACS 2023 data. Annual rent costs approximately $15,876.
What is the median household income in Kingston?
The median household income in Kingston, NY is $65,413 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%.