Poughkeepsie, NY

Average · 93

New York · Population 31,778 · Updated March 2026

$1,370
Median Rent / Month
$60,050
Median Income
$259,200
Median Home Value
$1,465
Owner Costs / Month

Affordability

How far your income goes in Poughkeepsie

27.4%
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

$16,440
Annual Rent
$6,545
State Income Tax
$4,199
Property Tax (est.)

Cost of Living Overview

Poughkeepsie 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), Poughkeepsie residents can expect to pay median rent of $1,370/month while earning a median household income of $60,050/year.

The median home value in Poughkeepsie, NY is $259,200, with typical monthly owner costs around $1,465 including mortgage, insurance, and taxes. With a rent-to-income ratio of 27.4%, Poughkeepsie falls within the generally affordable range, though it's approaching the 30% burden threshold.

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 Poughkeepsie.

Frequently Asked Questions

Common questions about living costs in Poughkeepsie

What is the cost of living in Poughkeepsie, NY?
The cost of living index in Poughkeepsie, NY is 93 (US average = 100). Median monthly rent is $1,370, median household income is $60,050/year, and the median home value is $259,200.
Is Poughkeepsie, NY affordable?
Yes, Poughkeepsie is more affordable than the national average with a cost index of 93. The rent-to-income ratio is 27.4%—below the 30%% threshold considered affordable by HUD.
What is the average rent in Poughkeepsie, NY?
The median gross rent in Poughkeepsie, NY is $1,370 per month according to the US Census Bureau ACS 2023 data. Annual rent costs approximately $16,440.
What is the median household income in Poughkeepsie?
The median household income in Poughkeepsie, NY is $60,050 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%.