Housing costs in Newburgh?
A typical home costs
$193,900, which is 42.7% less expensive than the national average of
$338,100 and 53.1% less expensive than the average New York home, at
$413,600. Renting a two-bedroom unit in Newburgh costs
$1,480 per month, which is 3.5% more than the national average of
$1,430 and 32.4% cheaper than the state average of
$1,960.
Can I afford Newburgh?
To live comfortably in Newburgh, New York, a minimum annual income of
$37,080 for a family, and
$46,000 for a single person is recommended.
What does A.I. say about Newburgh?
The cost of living in Newburgh, NY is quite reasonable compared to surrounding towns. According to the Best Places Cost of Living Index, it is 6.5% less than the U.S. average. The median home value is $176,000, which is moderately lower than the national average. Typically, rent prices are at an average of $1,200-$1,800 per month for a one-bedroom apartment and $1,400-$2,200 for a two bedroom apartment. Generally speaking, food and groceries are slightly more expensive than other places in the area due to a lack of large supermarket chains like Trader Joe's or Whole Foods. Additionally, utilities are less costly than most places in New York State with an average monthly bill totaling around $135-$150 for basic services such as electricity and water. Taking these factors into consideration along with its close proximity to New York City and beautiful natural surroundings make Newburgh an attractive option for those looking to live near but not in the Big Apple while still having access to some great amenities and attractions.