Ridge, NY

Very High · 132

New York · Population 12,506 · Updated March 2026

$1,984
Median Rent / Month
$88,266
Median Income
$404,900
Median Home Value
$1,743
Owner Costs / Month

Affordability

How far your income goes in Ridge

27.0%
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

$23,808
Annual Rent
$9,621
State Income Tax
$6,559
Property Tax (est.)

Cost of Living Overview

Ridge has a significantly higher cost of living than most US cities, driven largely by premium housing costs. With a cost index of 132 (where 100 equals the national median), Ridge residents can expect to pay median rent of $1,984/month while earning a median household income of $88,266/year.

The median home value in Ridge, NY is $404,900, with typical monthly owner costs around $1,743 including mortgage, insurance, and taxes. With a rent-to-income ratio of 27.0%, Ridge 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 Ridge.

Frequently Asked Questions

Common questions about living costs in Ridge

What is the cost of living in Ridge, NY?
The cost of living index in Ridge, NY is 132 (US average = 100). Median monthly rent is $1,984, median household income is $88,266/year, and the median home value is $404,900.
Is Ridge, NY affordable?
No, Ridge is more expensive than the national average with a cost index of 132. The rent-to-income ratio is 27.0%—below the 30%% threshold considered affordable by HUD.
What is the average rent in Ridge, NY?
The median gross rent in Ridge, NY is $1,984 per month according to the US Census Bureau ACS 2023 data. Annual rent costs approximately $23,808.
What is the median household income in Ridge?
The median household income in Ridge, NY is $88,266 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%.