Suffern, NY

Very High · 135

New York · Population 11,395 · Updated March 2026

$2,068
Median Rent / Month
$100,737
Median Income
$350,200
Median Home Value
$2,112
Owner Costs / Month

Affordability

How far your income goes in Suffern

24.6%
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

$24,816
Annual Rent
$10,980
State Income Tax
$5,673
Property Tax (est.)

Cost of Living Overview

Suffern has a significantly higher cost of living than most US cities, driven largely by premium housing costs. With a cost index of 135 (where 100 equals the national median), Suffern residents can expect to pay median rent of $2,068/month while earning a median household income of $100,737/year.

The median home value in Suffern, NY is $350,200, with typical monthly owner costs around $2,112 including mortgage, insurance, and taxes. The median rent-to-income ratio of 24.6% 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 Suffern.

Frequently Asked Questions

Common questions about living costs in Suffern

What is the cost of living in Suffern, NY?
The cost of living index in Suffern, NY is 135 (US average = 100). Median monthly rent is $2,068, median household income is $100,737/year, and the median home value is $350,200.
Is Suffern, NY affordable?
No, Suffern is more expensive than the national average with a cost index of 135. The rent-to-income ratio is 24.6%—below the 30%% threshold considered affordable by HUD.
What is the average rent in Suffern, NY?
The median gross rent in Suffern, NY is $2,068 per month according to the US Census Bureau ACS 2023 data. Annual rent costs approximately $24,816.
What is the median household income in Suffern?
The median household income in Suffern, NY is $100,737 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%.