Housing costs in Tuxedo?
A typical home costs
$732,500, which is 116.7% more expensive than the national average of
$338,100 and 77.1% more expensive than the average New York home, at
$413,600. Renting a two-bedroom unit in Tuxedo costs
$2,050 per month, which is 43.4% more than the national average of
$1,430 and 4.4% more than the state average of
$1,960.
Can I afford Tuxedo?
To live comfortably in Tuxedo, New York, a minimum annual income of
$140,400 for a family, and
$63,600 for a single person is recommended.
What does A.I. say about Tuxedo?
The cost of living in Tuxedo, NY is slightly higher than the national average. The median home price is $499,000, which is significantly higher than the U.S. median home price of $213,100. The cost for groceries and health care also are slightly above the national averages. However, Tuxedo residents benefit from lower transportation costs due to its close proximity to New York City and easy access to public transportation. Although it may be more expensive to live in Tuxedo than other areas of the country, its picturesque landscapes, vibrant community and close proximity to NYC make it an ideal place for many individuals and families who value these amenities and are willing to pay a bit more for them.