Port Chester, NY

Very High · 155

New York · Population 31,162 · Updated March 2026

$1,922
Median Rent / Month
$99,916
Median Income
$563,900
Median Home Value
$2,167
Owner Costs / Month

Affordability

How far your income goes in Port Chester

23.1%
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

$23,064
Annual Rent
$10,891
State Income Tax
$9,135
Property Tax (est.)

Cost of Living Overview

Port Chester has a significantly higher cost of living than most US cities, driven largely by premium housing costs. With a cost index of 155 (where 100 equals the national median), Port Chester residents can expect to pay median rent of $1,922/month while earning a median household income of $99,916/year.

The median home value in Port Chester, NY is $563,900, with typical monthly owner costs around $2,167 including mortgage, insurance, and taxes. The median rent-to-income ratio of 23.1% 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 Port Chester.

Frequently Asked Questions

Common questions about living costs in Port Chester

What is the cost of living in Port Chester, NY?
The cost of living index in Port Chester, NY is 155 (US average = 100). Median monthly rent is $1,922, median household income is $99,916/year, and the median home value is $563,900.
Is Port Chester, NY affordable?
No, Port Chester is more expensive than the national average with a cost index of 155. The rent-to-income ratio is 23.1%—below the 30%% threshold considered affordable by HUD.
What is the average rent in Port Chester, NY?
The median gross rent in Port Chester, NY is $1,922 per month according to the US Census Bureau ACS 2023 data. Annual rent costs approximately $23,064.
What is the median household income in Port Chester?
The median household income in Port Chester, NY is $99,916 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%.