Utica, NY

Very Low · 57

New York · Population 64,440 · Updated March 2026

$907
Median Rent / Month
$51,513
Median Income
$133,400
Median Home Value
$929
Owner Costs / Month

Affordability

How far your income goes in Utica

21.1%
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

$10,884
Annual Rent
$5,615
State Income Tax
$2,161
Property Tax (est.)

Cost of Living Overview

Utica is significantly cheaper than the national average, making it an attractive option for budget-conscious individuals and families. With a cost index of 57 (where 100 equals the national median), Utica residents can expect to pay median rent of $907/month while earning a median household income of $51,513/year.

The median home value in Utica, NY is $133,400, with typical monthly owner costs around $929 including mortgage, insurance, and taxes. The median rent-to-income ratio of 21.1% 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 Utica.

Frequently Asked Questions

Common questions about living costs in Utica

What is the cost of living in Utica, NY?
The cost of living index in Utica, NY is 57 (US average = 100). Median monthly rent is $907, median household income is $51,513/year, and the median home value is $133,400.
Is Utica, NY affordable?
Yes, Utica is more affordable than the national average with a cost index of 57. The rent-to-income ratio is 21.1%—below the 30%% threshold considered affordable by HUD.
What is the average rent in Utica, NY?
The median gross rent in Utica, NY is $907 per month according to the US Census Bureau ACS 2023 data. Annual rent costs approximately $10,884.
What is the median household income in Utica?
The median household income in Utica, NY is $51,513 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%.