Russell Gardens, NY Cost of Living


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Russell Gardens cost of living score
160.6
More expensive
60.6% higher
than the US average
32.2% higher
than the New York average
Russell Gardens, New York gets a BestPlaces Cost of Living score of 160.6, which means the total cost of housing, food, childcare, transportation, healthcare, taxes, and other necessities is 60.6% higher than the U.S. average and 32.2% lower than the average for New York.

Russell Gardens, NY

Housing costs in Russell Gardens?
A typical home costs $1,485,100, which is 339.2% more expensive than the national average of $338,100 and 259.1% more expensive than the average New York home, at $413,600. Renting a two-bedroom unit in Russell Gardens costs $2,250 per month, which is 57.3% more than the national average of $1,430 and 12.9% more than the state average of $1,960.

Can I afford Russell Gardens?
To live comfortably in Russell Gardens, New York, a minimum annual income of $284,400 for a family, and $74,800 for a single person is recommended.

What does A.I. say about Russell Gardens?
The cost of living in Russell Gardens, NY is relatively high compared to other areas. The median home value is over $600,000 and the median rental rate is around $2,500 per month. This makes it an expensive place to live for many people. However, there are numerous amenities available nearby which help make up for the higher costs. Shopping centers, schools, parks and hospitals are all within a short driving distance. Additionally, public transportation options make getting around town easier and cheaper than it would be otherwise. Residents also benefit from lower taxes compared to other areas in New York State. All these factors contribute to making Russell Gardens a desirable destination for those willing to pay the price.
   Cost of living score
     CategoriesRussell GardensNew YorkUnited States
  160.6121.5100.0
  116.7103.8100
  125.8120.7100.0
  503.4127.9100.0
  $1,485,100$413,600$338,100
  125.0%115.9%100.0%
  178.3140.7100.0
  157.0121.8100.0

   100=National Average

   Average Rent by Bedroom Size
Crime
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