Scotchtown, NY

Above Avg · 113

New York · Population 10,544 · Updated March 2026

$1,655
Median Rent / Month
$92,889
Median Income
$317,400
Median Home Value
$1,738
Owner Costs / Month

Affordability

How far your income goes in Scotchtown

21.4%
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

$19,860
Annual Rent
$10,125
State Income Tax
$5,142
Property Tax (est.)

Cost of Living Overview

Scotchtown is more expensive than the national average. Higher housing costs are typically the primary driver. With a cost index of 113 (where 100 equals the national median), Scotchtown residents can expect to pay median rent of $1,655/month while earning a median household income of $92,889/year.

The median home value in Scotchtown, NY is $317,400, with typical monthly owner costs around $1,738 including mortgage, insurance, and taxes. The median rent-to-income ratio of 21.4% 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 Scotchtown.

Frequently Asked Questions

Common questions about living costs in Scotchtown

What is the cost of living in Scotchtown, NY?
The cost of living index in Scotchtown, NY is 113 (US average = 100). Median monthly rent is $1,655, median household income is $92,889/year, and the median home value is $317,400.
Is Scotchtown, NY affordable?
No, Scotchtown is more expensive than the national average with a cost index of 113. The rent-to-income ratio is 21.4%—below the 30%% threshold considered affordable by HUD.
What is the average rent in Scotchtown, NY?
The median gross rent in Scotchtown, NY is $1,655 per month according to the US Census Bureau ACS 2023 data. Annual rent costs approximately $19,860.
What is the median household income in Scotchtown?
The median household income in Scotchtown, NY is $92,889 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%.