Rome, NY

Very Low · 56

New York · Population 31,795 · Updated March 2026

$871
Median Rent / Month
$58,857
Median Income
$137,200
Median Home Value
$895
Owner Costs / Month

Affordability

How far your income goes in Rome

17.8%
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

$10,452
Annual Rent
$6,415
State Income Tax
$2,223
Property Tax (est.)

Cost of Living Overview

Rome is significantly cheaper than the national average, making it an attractive option for budget-conscious individuals and families. With a cost index of 56 (where 100 equals the national median), Rome residents can expect to pay median rent of $871/month while earning a median household income of $58,857/year.

The median home value in Rome, NY is $137,200, with typical monthly owner costs around $895 including mortgage, insurance, and taxes. The median rent-to-income ratio of 17.8% 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 Rome.

Frequently Asked Questions

Common questions about living costs in Rome

What is the cost of living in Rome, NY?
The cost of living index in Rome, NY is 56 (US average = 100). Median monthly rent is $871, median household income is $58,857/year, and the median home value is $137,200.
Is Rome, NY affordable?
Yes, Rome is more affordable than the national average with a cost index of 56. The rent-to-income ratio is 17.8%—below the 30%% threshold considered affordable by HUD.
What is the average rent in Rome, NY?
The median gross rent in Rome, NY is $871 per month according to the US Census Bureau ACS 2023 data. Annual rent costs approximately $10,452.
What is the median household income in Rome?
The median household income in Rome, NY is $58,857 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%.