Stony Point, NY

Very High · 141

New York · Population 12,694 · Updated March 2026

$1,696
Median Rent / Month
$122,828
Median Income
$472,600
Median Home Value
$2,326
Owner Costs / Month

Affordability

How far your income goes in Stony Point

16.6%
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

$20,352
Annual Rent
$13,388
State Income Tax
$7,656
Property Tax (est.)

Cost of Living Overview

Stony Point has a significantly higher cost of living than most US cities, driven largely by premium housing costs. With a cost index of 141 (where 100 equals the national median), Stony Point residents can expect to pay median rent of $1,696/month while earning a median household income of $122,828/year.

The median home value in Stony Point, NY is $472,600, with typical monthly owner costs around $2,326 including mortgage, insurance, and taxes. The median rent-to-income ratio of 16.6% 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 Stony Point.

Frequently Asked Questions

Common questions about living costs in Stony Point

What is the cost of living in Stony Point, NY?
The cost of living index in Stony Point, NY is 141 (US average = 100). Median monthly rent is $1,696, median household income is $122,828/year, and the median home value is $472,600.
Is Stony Point, NY affordable?
No, Stony Point is more expensive than the national average with a cost index of 141. The rent-to-income ratio is 16.6%—below the 30%% threshold considered affordable by HUD.
What is the average rent in Stony Point, NY?
The median gross rent in Stony Point, NY is $1,696 per month according to the US Census Bureau ACS 2023 data. Annual rent costs approximately $20,352.
What is the median household income in Stony Point?
The median household income in Stony Point, NY is $122,828 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%.