The 10 Most Expensive Places To Live In New York For 2023


We used science and data to determine which cities in New York that will put a big dent in your wallet.

HomeSnacks is reader-supported. When you click through real estate links on our site, we earn an affiliate commission. Learn more.
Editor’s Note: We updated this article for 2023. This is our tenth time ranking the most expensive places to live in New York.

We all know that the Empire State is one of most expensive states in the country, so trust us when we say that the cities on this list are mind-bogglingly pricey. But where are these extra-expensive cities in New York?

It should come as no shock that one of the most expensive cities in America, New York City, is featured on this list. Equally unsurprising is the inclusion of Long Island's bastions of "old money" on the North Shore, like Manorhaven and Glen Cove. In fact, most places on this list are within spitting distance of NYC. Hey, there's a high price tag on living near one of the most iconic cultural and commercial centers on the planet.

Before moving to any of these places, you'd be well advised to have a good job lined up, because to keep up with the Joneses in New York, you'll want to earn a minimum income of $24,881/year. When you're living next door to Michael Bloomberg, Rupert Murdoch, and 100 some-odd other billionaires, you'd better believe you need to make good money to stay in the neighborhood.

Get ready to drop the platinum card on Fifth Ave, make a killing on Wall Street, and put your name down for an apartment on Billionaires' Row, because we're heading to the most expensive places in New York.

Here are the 10 most expensive places to live in New York for 2023:

  1. Kaser
  2. North Hills
  3. Kiryas Joel
  4. New Square
  5. New York
  6. Manorhaven
  7. Glen Cove
  8. Bronxville
  9. Cedarhurst
  10. Ithaca

What's the most expensive place to live in New York? Well, HomeSnacks crunched the numbers and discovered that Kaser is the most expensive place to live in New York.

So hopefully Ilion (the cheapest place to live in New York) can show these guys how to live on a budget in the coming years. Read on for how these places had costs rise faster than inflation.

And if you already knew these places were expensive, check out some more reading about New York and the most expensive cities in the country:

The 10 Most Expensive Places To Live In New York For 2023

1. Kaser

Overall SnackAbility

5
/10

Population: 5,433
Rank Last Year: 2 (No Change)
Home Price To Income Ratio: 39.9x (most expensive)
Income To Rent Ratio: 25.4x (2nd most expensive)
More on Kaser: Real Estate | Data

The median income in Kaser comes in at $26,525 and the median home value is $1,057,700 for 2023.

2. North Hills

North Hills, NY

Overall SnackAbility

7
/10

Population: 5,443
Rank Last Year: 3 (No Change)
Home Price To Income Ratio: 7.0x (11th most expensive)
Income To Rent Ratio: 47.7x (29th most expensive)
More on North Hills: Real Estate | Data | Photos

The median income in North Hills comes in at $166,908 and the median home value is $1,168,500 for 2023.

3. Kiryas Joel

Kiryas Joel, NY

Overall SnackAbility

5
/10

Population: 32,498
Rank Last Year: 5 (Up 1)
Home Price To Income Ratio: 14.2x (3rd most expensive)
Income To Rent Ratio: 30.8x (3rd most expensive)
More on Kiryas Joel: Real Estate | Data | Photos

The median income in Kiryas Joel comes in at $39,826 and the median home value is $566,100 for 2023.

4. New Square

New Square, NY

Source: Public domain
Overall SnackAbility

5
/10

Population: 9,433
Rank Last Year: 4 (Down 1)
Home Price To Income Ratio: 22.2x (2nd most expensive)
Income To Rent Ratio: 17.0x (most expensive)
More on New Square: Real Estate | Data | Photos

The median income in New Square comes in at $24,881 and the median home value is $552,200 for 2023.

5. New York

New York, NY

Overall SnackAbility

8
/10

Population: 8,736,047
Rank Last Year: 6 (No Change)
Home Price To Income Ratio: 9.4x (5th most expensive)
Income To Rent Ratio: 44.8x (19th most expensive)
More on New York: Real Estate | Data | Photos

The median income in New York comes in at $70,663 and the median home value is $660,700 for 2023.

6. Manorhaven

Manorhaven, NY

Source: Public domain
Overall SnackAbility

7
/10

Population: 6,923
Rank Last Year: 7 (No Change)
Home Price To Income Ratio: 6.4x (15th most expensive)
Income To Rent Ratio: 34.2x (5th most expensive)
More on Manorhaven: Real Estate | Data | Photos

The median income in Manorhaven comes in at $89,341 and the median home value is $571,200 for 2023.

7. Glen Cove

Glen Cove, NY

Overall SnackAbility

9
/10

Population: 28,187
Rank Last Year: 8 (Down 1)
Home Price To Income Ratio: 6.6x (14th most expensive)
Income To Rent Ratio: 42.9x (15th most expensive)
More on Glen Cove: Real Estate | Data | Photos

The median income in Glen Cove comes in at $81,693 and the median home value is $535,100 for 2023.

8. Bronxville

Bronxville, NY

Source: Public domain
Overall SnackAbility

7
/10

Population: 6,569
Rank Last Year: 24 (Up 14)
Home Price To Income Ratio: 6.2x (18th most expensive)
Income To Rent Ratio: 52.6x (52nd most expensive)
More on Bronxville: Real Estate | Data | Photos

The median income in Bronxville comes in at $168,917 and the median home value is $1,039,100 for 2023.

9. Cedarhurst

Cedarhurst, NY

Overall SnackAbility

7
/10

Population: 7,290
Rank Last Year: 18 (Up 7)
Home Price To Income Ratio: 7.4x (8th most expensive)
Income To Rent Ratio: 53.3x (55th most expensive)
More on Cedarhurst: Real Estate | Data

The median income in Cedarhurst comes in at $99,155 and the median home value is $730,800 for 2023.

10. Ithaca

Ithaca, NY

Source: Public domain
Overall SnackAbility

7
/10

Population: 31,819
Rank Last Year: 13 (Up 1)
Home Price To Income Ratio: 6.9x (12th most expensive)
Income To Rent Ratio: 32.8x (4th most expensive)
More on Ithaca: Real Estate | Data | Photos

The median income in Ithaca comes in at $40,973 and the median home value is $282,000 for 2023.

Methodology: How We Determined The Most Expensive Places To Live In The Empire State For 2023

Map Of The Cheapest Places To Live In New York
The two most important things to think about when it comes to being able to afford if you can live comes down to:

  1. How much do money do I make?
  2. How much do I have spend to live there?

You need to understand your costs in the context of how much money you make.

For example, if the median household earns $100,000 and spends $40,000 on housing it's actually cheaper to live there than a place with a median income of $50,000 and housing costs of $21,000. You might spend more on housing, but you have more money overall to play with.

With that example in mind, we derived several statistics from the latest Census American Community Survey 2017-2021 around incomes and costs. They are:

  • Median Home Price / Median Income (lower is better)
  • Median Income / Median Rent (Higher is better)
  • Median Home Price

We added simply median home price because high home prices generally correlate with higher expenses for all costs related to homes (heating, electricity, etc).

You can then compare these metrics in each of the places in New York to figure out which is the most expensive.

What you are left with is a "Cost of Living Index" by taking the average rank of each of these metrics for each city.

So we used that cost of living index in order to rank all of the 166 places in New York that have more than 5,000 people.

The place with the highest cost of living in New York according to the data is Kaser. You can download the data here.

Summary: Taking A Chunk Out Of Your Paycheck In New York For 2023

Well there you have it, the places in New York that have the highest cost of living, with Kaser ranking as the most expensive city in the Empire State.

Here's a look at the most affordable cities in New York according to the data:

  1. Ilion
  2. Ogdensburg
  3. Massena

For more New York reading, check out:

Detailed List Of The Most Expensive Cities In New York

Rank City ExpensiveScore Population Home/Income Ratio Income/Rent Ratio
1 Kaser 3.67 5,433 39.9x 25.4x
2 North Hills 15.33 5,443 7.0x 47.7x
3 Kiryas Joel 15.67 32,498 14.2x 30.8x
4 New Square 16.0 9,433 22.2x 17.0x
5 New York 16.33 8,736,047 9.4x 44.8x
6 Manorhaven 19.67 6,923 6.4x 34.2x
7 Glen Cove 25.67 28,187 6.6x 42.9x
8 Bronxville 26.33 6,569 6.2x 52.6x
9 Cedarhurst 27.33 7,290 7.4x 53.3x
10 Ithaca 32.67 31,819 6.9x 32.8x
11 Spring Valley 33.33 32,953 6.2x 34.4x
12 New Rochelle 33.33 80,685 6.6x 52.5x
13 Nyack 33.67 7,303 5.5x 45.0x
14 Sleepy Hollow 34.33 10,176 8.1x 58.3x
15 Chestnut Ridge 35.0 10,211 5.9x 51.2x
16 Port Chester 36.67 31,317 5.6x 48.0x
17 Yonkers 36.67 209,730 5.8x 46.7x
18 New Paltz 37.0 7,378 5.7x 36.9x
19 Hudson 38.67 5,964 6.0x 37.8x
20 Harrison 39.67 28,635 6.3x 61.2x
21 Garden City 40.33 23,087 4.8x 55.0x
22 Mount Vernon 41.33 72,855 5.6x 48.6x
23 Airmont 41.67 9,964 5.8x 55.3x
24 Great Neck 43.33 11,034 8.3x 65.7x
25 Long Beach 44.67 34,820 4.9x 53.5x
26 White Plains 45.67 59,452 5.3x 54.9x
27 Hempstead 47.0 58,532 4.8x 47.2x
28 Geneseo 49.0 8,140 5.0x 40.7x
29 Ossining 49.67 27,368 4.4x 47.0x
30 Great Neck Plaza 50.67 7,429 4.2x 45.0x
31 Elmsford 50.67 5,176 4.3x 49.4x
32 Tarr 51.0 11,808 5.4x 59.7x
33 Mamaroneck 51.33 19,989 5.4x 62.2x
34 Mineola 51.67 20,837 5.0x 57.7x
35 Amityville 52.0 9,542 4.6x 51.1x
36 Scarsdale 52.33 18,063 5.9x 73.5x
37 Rye 52.67 16,459 7.4x 79.4x
38 Poughkeepsie 53.33 31,475 4.4x 41.5x
39 Northport 54.33 7,360 5.3x 63.9x
40 Peekskill 54.67 25,304 4.1x 44.5x
41 Mount Kisco 55.67 10,904 4.8x 55.1x
42 Goshen 56.0 5,705 4.5x 49.8x
43 Lawrence 56.33 6,793 7.3x 82.4x
44 Haverstraw 56.33 12,292 4.1x 44.9x
45 Bayville 56.67 6,780 4.9x 62.2x
46 Wappingers Falls 57.67 6,074 4.3x 45.2x
47 East Rockaway 58.0 10,108 4.9x 58.8x
48 West Haverstraw 58.0 10,665 3.9x 43.6x
49 Port Jefferson 59.33 7,951 4.6x 59.5x
50 Port Jervis 60.33 8,772 4.3x 35.8x
51 Tuckahoe 63.33 7,002 4.7x 59.6x
52 Dobbs Ferry 64.33 11,511 4.7x 67.6x
53 Williston Park 64.67 7,571 4.9x 67.9x
54 Patchogue 65.0 12,341 3.7x 51.1x
55 Larchmont 65.0 6,532 5.7x 122.5x
56 Westbury 65.33 15,772 4.3x 58.6x
57 Walden 67.0 6,841 4.0x 50.6x
58 Rockville Centre 67.33 25,768 5.2x 78.4x
59 Newburgh 67.33 28,834 3.5x 40.4x
60 Lake Grove 67.67 11,110 4.1x 56.5x
61 Middletown 69.0 30,086 3.1x 42.5x
62 Suffern 69.33 11,376 3.5x 50.9x
63 Sea Cliff 70.67 5,084 4.5x 78.2x
64 Massapequa Park 71.0 17,149 3.7x 58.5x
65 Lindenhurst 71.0 27,169 3.7x 55.8x
66 Wesley Hills 71.33 6,105 5.2x 90.9x
67 Webster 72.0 5,717 3.4x 44.8x
68 Floral Park 72.33 16,180 4.3x 69.6x
69 Albany 73.0 99,402 3.5x 49.6x
70 Pelham 73.0 7,255 4.7x 81.5x
71 Farmingdale 73.33 8,468 3.7x 57.0x
72 Rye Brook 74.33 9,909 4.4x 82.9x
73 Babylon 75.0 12,181 3.9x 61.8x
74 Freeport 75.67 44,328 3.9x 58.6x
75 Kingston 76.33 23,972 3.4x 50.7x
76 Irvington 77.33 6,594 4.3x 94.6x
77 Pelham Manor 78.0 5,698 4.3x 98.2x
78 New Hyde Park 79.0 10,262 4.5x 85.6x
79 Monticello 79.67 7,199 3.1x 42.1x
80 Watervliet 79.67 10,363 3.3x 49.6x
81 Lynbrook 80.0 20,325 4.1x 67.6x
82 Hastings-On-Hudson 80.33 8,505 4.2x 86.9x
83 Valley Stream 81.67 40,304 4.1x 66.9x
84 Potsdam 82.0 8,455 3.6x 48.7x
85 Troy 82.0 50,717 3.1x 49.6x
86 Pleasantville 82.33 7,469 4.2x 94.5x
87 Saratoga Springs 83.33 28,110 4.1x 65.5x
88 Warwick 85.0 6,686 4.4x 69.8x
89 Briarcliff Manor 86.0 7,587 4.0x 98.7x
90 Mechanicville 87.0 5,191 3.3x 54.3x
91 Canandaigua 87.33 10,563 3.6x 58.0x
92 Croton-On-Hudson 87.67 8,289 4.0x 87.9x
93 Malverne 88.67 8,583 3.9x 77.0x
94 Cohoes 90.0 17,931 3.0x 56.1x
95 Beacon 92.33 13,713 3.7x 67.8x
96 Watertown 93.33 25,172 2.9x 52.8x
97 Monroe 93.67 9,392 3.1x 64.6x
98 Buffalo 94.33 276,011 2.7x 49.7x
99 Syracuse 97.33 146,781 2.4x 47.0x
100 Rochester 99.33 211,100 2.3x 43.8x

How Is The Area In ?

About Chris Kolmar

Chris Kolmar has been in the real estate business for almost ten years now. He originally worked for Movoto Real Estate as the director of marketing before founding HomeSnacks.

He believes the key to finding the right place to live comes down to looking at the data, reading about things to do, and, most importantly, checking it out yourself before you move.

If you've been looking for a place to live in the past several years, you've probably stumbled upon his writing already.

You can find out more about him on LinkedIn or his website.