Port Washington, NY

Very High · 230

New York · Population 17,613 · Updated March 2026

$2,218
Median Rent / Month
$183,964
Median Income
$976,200
Median Home Value
$3,371
Owner Costs / Month

Affordability

How far your income goes in Port Washington

14.5%
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

$26,616
Annual Rent
$20,052
State Income Tax
$15,814
Property Tax (est.)

Cost of Living Overview

Port Washington has a significantly higher cost of living than most US cities, driven largely by premium housing costs. With a cost index of 230 (where 100 equals the national median), Port Washington residents can expect to pay median rent of $2,218/month while earning a median household income of $183,964/year.

The median home value in Port Washington, NY is $976,200, with typical monthly owner costs around $3,371 including mortgage, insurance, and taxes. The median rent-to-income ratio of 14.5% 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 Washington.

Frequently Asked Questions

Common questions about living costs in Port Washington

What is the cost of living in Port Washington, NY?
The cost of living index in Port Washington, NY is 230 (US average = 100). Median monthly rent is $2,218, median household income is $183,964/year, and the median home value is $976,200.
Is Port Washington, NY affordable?
No, Port Washington is more expensive than the national average with a cost index of 230. The rent-to-income ratio is 14.5%—below the 30%% threshold considered affordable by HUD.
What is the average rent in Port Washington, NY?
The median gross rent in Port Washington, NY is $2,218 per month according to the US Census Bureau ACS 2023 data. Annual rent costs approximately $26,616.
What is the median household income in Port Washington?
The median household income in Port Washington, NY is $183,964 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%.