Housing costs in Newburgh?
A typical home costs
$312,200, which is 7.7% less expensive than the national average of
$338,100 and 24.5% less expensive than the average New York home, at
$413,600. Renting a two-bedroom unit in Newburgh costs
$1,440 per month, which is 26.5% cheaper than the national average of
$1,960 and 50.7% cheaper than the state average of
$2,170.
Can I afford Newburgh?
To live comfortably in Newburgh (zip 12550), New York, a minimum annual income of
$59,760 for a family, and
$45,200 for a single person is recommended.
What does A.I. say about Newburgh?
The cost of living in 12550 Newburgh, NY is slightly above the national average. Housing costs are higher than the rest of the country, with a median home value of $213,900. Rent prices for an apartment or condo are also on the high side compared to other areas of the country. The cost of groceries and other essentials can vary depending on where you shop, but overall is not significantly more expensive than other areas. Transportation costs such as fuel and public transportation are slightly higher than other parts of New York State, but still fairly affordable. Overall, while the cost of living in 12550 Newburgh does exceed certain parts of the country, it is still relatively affordable for those looking to live in this area.