Hyde Park, NY Cost of Living


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Hyde Park cost of living score
118.3
More expensive
18.3% higher
than the US average
2.6% lower
than the New York average
Hyde Park, New York gets a BestPlaces Cost of Living score of 118.3, which means the total cost of housing, food, childcare, transportation, healthcare, taxes, and other necessities is 18.3% higher than the U.S. average and 2.6% higher than the average for New York.

Hyde Park, NY

Housing costs in Hyde Park?
A typical home costs $345,800, which is 2.3% more expensive than the national average of $338,100 and 16.4% less expensive than the average New York home, at $413,600. Renting a two-bedroom unit in Hyde Park costs $1,360 per month, which is 4.9% cheaper than the national average of $1,430 and 44.1% cheaper than the state average of $1,960.

Can I afford Hyde Park?
To live comfortably in Hyde Park, New York, a minimum annual income of $66,240 for a family, and $42,400 for a single person is recommended.

What does A.I. say about Hyde Park?
Hyde Park, NY is a great place to live. The cost of living in Hyde Park is slightly higher than the national average, but it offers a great quality of life and many modern amenities for residents to enjoy. The median home value in Hyde Park is around $350,000, and the median household income is over $78,000 per year. However, this cost can be offset by the low housing costs and other taxes that are much lower than other parts of New York state. Additionally, there are plenty of job opportunities in the area due to its close proximity to Albany and other major cities. With its beautiful scenery and numerous recreational activities available, Hyde Park is a desirable place to live without breaking the bank.
   Cost of living score
     CategoriesHyde ParkNew YorkUnited States
  118.3121.5100.0
  103.8103.8100
  126.5120.7100.0
  94.1127.9100.0
  $345,800$413,600$338,100
  125.4%115.9%100.0%
  109.7140.7100.0
  153.4121.8100.0

   100=National Average

   Average Rent by Bedroom Size
Crime
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