New Cassel, NY

Very High · 158

New York · Population 14,414 · Updated March 2026

$2,174
Median Rent / Month
$143,196
Median Income
$509,500
Median Home Value
$2,285
Owner Costs / Month

Affordability

How far your income goes in New Cassel

18.2%
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

$26,088
Annual Rent
$15,608
State Income Tax
$8,254
Property Tax (est.)

Cost of Living Overview

New Cassel has a significantly higher cost of living than most US cities, driven largely by premium housing costs. With a cost index of 158 (where 100 equals the national median), New Cassel residents can expect to pay median rent of $2,174/month while earning a median household income of $143,196/year.

The median home value in New Cassel, NY is $509,500, with typical monthly owner costs around $2,285 including mortgage, insurance, and taxes. The median rent-to-income ratio of 18.2% 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 New Cassel.

Frequently Asked Questions

Common questions about living costs in New Cassel

What is the cost of living in New Cassel, NY?
The cost of living index in New Cassel, NY is 158 (US average = 100). Median monthly rent is $2,174, median household income is $143,196/year, and the median home value is $509,500.
Is New Cassel, NY affordable?
No, New Cassel is more expensive than the national average with a cost index of 158. The rent-to-income ratio is 18.2%—below the 30%% threshold considered affordable by HUD.
What is the average rent in New Cassel, NY?
The median gross rent in New Cassel, NY is $2,174 per month according to the US Census Bureau ACS 2023 data. Annual rent costs approximately $26,088.
What is the median household income in New Cassel?
The median household income in New Cassel, NY is $143,196 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%.