Newburgh, NY

Below Avg · 89

New York · Population 28,649 · Updated March 2026

$1,363
Median Rent / Month
$51,006
Median Income
$221,100
Median Home Value
$1,454
Owner Costs / Month

Affordability

How far your income goes in Newburgh

32.1%
Rent-to-Income Ratio
Moderate
Rent takes 25-35% of median income — moderate affordability.

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

$16,356
Annual Rent
$5,560
State Income Tax
$3,582
Property Tax (est.)

Cost of Living Overview

Newburgh offers a below-average cost of living, giving residents more purchasing power compared to many US cities. With a cost index of 89 (where 100 equals the national median), Newburgh residents can expect to pay median rent of $1,363/month while earning a median household income of $51,006/year.

The median home value in Newburgh, NY is $221,100, with typical monthly owner costs around $1,454 including mortgage, insurance, and taxes. At 32.1% rent-to-income ratio, residents of Newburgh are spending more than the recommended 30% of income on housing, indicating moderate cost burden.

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 Newburgh.

Frequently Asked Questions

Common questions about living costs in Newburgh

What is the cost of living in Newburgh, NY?
The cost of living index in Newburgh, NY is 89 (US average = 100). Median monthly rent is $1,363, median household income is $51,006/year, and the median home value is $221,100.
Is Newburgh, NY affordable?
Yes, Newburgh is more affordable than the national average with a cost index of 89. The rent-to-income ratio is 32.1%—above the 30%% affordability threshold.
What is the average rent in Newburgh, NY?
The median gross rent in Newburgh, NY is $1,363 per month according to the US Census Bureau ACS 2023 data. Annual rent costs approximately $16,356.
What is the median household income in Newburgh?
The median household income in Newburgh, NY is $51,006 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%.