The 10 Most Expensive Places To Live In New York For 2022


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

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Editor’s Note: We updated this article for 2022. This is our ninth 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 $23,030/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 2022:

  1. Kaser
  2. North Hills
  3. New Square
  4. Kiryas Joel
  5. New York
  6. Manorhaven
  7. Glen Cove
  8. Nyack
  9. Spring Valley
  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 2022

1. Kaser

Overall SnackAbility

5
/10

Population: 5,367
Rank Last Year: 2 (No Change)
Home Price To Income Ratio: 47.6x (most expensive)
Income To Rent Ratio: 24.0x (2nd most expensive)
More on Kaser: Real Estate | Data

The median income in Kaser comes in at $23,030 and the median home value is $1,096,200 for 2022.

2. North Hills

North Hills, NY

Overall SnackAbility

7
/10

Population: 5,867
Rank Last Year: 50 (Up 47)
Home Price To Income Ratio: 7.5x (9th most expensive)
Income To Rent Ratio: 45.2x (2most expensive)
More on North Hills: Real Estate | Data | Photos

The median income in North Hills comes in at $158,167 and the median home value is $1,185,300 for 2022.

3. New Square

New Square, NY

Source: Public domain
Overall SnackAbility

5
/10

Population: 8,589
Rank Last Year: 5 (Up 1)
Home Price To Income Ratio: 23.2x (2nd most expensive)
Income To Rent Ratio: 16.6x (most expensive)
More on New Square: Real Estate | Data | Photos

The median income in New Square comes in at $24,164 and the median home value is $561,700 for 2022.

4. Kiryas Joel

Kiryas Joel, NY

Overall SnackAbility

5
/10

Population: 25,910
Rank Last Year: 4 (Down 1)
Home Price To Income Ratio: 15.0x (3rd most expensive)
Income To Rent Ratio: 28.5x (3rd most expensive)
More on Kiryas Joel: Real Estate | Data | Photos

The median income in Kiryas Joel comes in at $35,437 and the median home value is $530,700 for 2022.

5. New York

New York, NY

Overall SnackAbility

8
/10

Population: 8,379,552
Rank Last Year: 6 (No Change)
Home Price To Income Ratio: 9.5x (5th most expensive)
Income To Rent Ratio: 45.0x (20th most expensive)
More on New York: Real Estate | Data | Photos

The median income in New York comes in at $67,046 and the median home value is $635,200 for 2022.

6. Manorhaven

Manorhaven, NY

Source: Public domain
Overall SnackAbility

7
/10

Population: 6,725
Rank Last Year: 8 (Up 1)
Home Price To Income Ratio: 6.1x (20th most expensive)
Income To Rent Ratio: 36.1x (9th most expensive)
More on Manorhaven: Real Estate | Data | Photos

The median income in Manorhaven comes in at $86,231 and the median home value is $530,200 for 2022.

7. Glen Cove

Glen Cove, NY

Overall SnackAbility

9
/10

Population: 27,172
Rank Last Year: 10 (Up 2)
Home Price To Income Ratio: 6.4x (16th most expensive)
Income To Rent Ratio: 43.3x (17th most expensive)
More on Glen Cove: Real Estate | Data | Photos

The median income in Glen Cove comes in at $79,131 and the median home value is $509,500 for 2022.

8. Nyack

Nyack, NY

Overall SnackAbility

7
/10

Population: 7,130
Rank Last Year: 8 (Down 1)
Home Price To Income Ratio: 5.9x (24th most expensive)
Income To Rent Ratio: 40.7x (12th most expensive)
More on Nyack: Real Estate | Data | Photos

The median income in Nyack comes in at $83,930 and the median home value is $494,100 for 2022.

9. Spring Valley

Spring Valley, NY

Overall SnackAbility

6
/10

Population: 32,295
Rank Last Year: 13 (Up 2)
Home Price To Income Ratio: 6.8x (14th most expensive)
Income To Rent Ratio: 33.1x (5th most expensive)
More on Spring Valley: Real Estate | Data | Photos

The median income in Spring Valley comes in at $45,646 and the median home value is $312,100 for 2022.

10. Ithaca

Ithaca, NY

Source: Public domain
Overall SnackAbility

8
/10

Population: 30,715
Rank Last Year: 14 (Up 1)
Home Price To Income Ratio: 6.9x (12th most expensive)
Income To Rent Ratio: 32.5x (4th most expensive)
More on Ithaca: Real Estate | Data | Photos

The median income in Ithaca comes in at $38,019 and the median home value is $261,900 for 2022.

Methodology: How We Determined The Most Expensive Places To Live In The Empire State For 2022

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 2016-2020 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 165 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 2022

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 5,367 47.6x 24.0x
2 North Hills 11.33 5,867 7.5x 45.2x
3 New Square 13.33 8,589 23.2x 16.6x
4 Kiryas Joel 16.67 25,910 15.0x 28.5x
5 New York 17.0 8,379,552 9.5x 45.0x
6 Manorhaven 24.67 6,725 6.1x 36.1x
7 Glen Cove 26.33 27,172 6.4x 43.3x
8 Nyack 27.67 7,130 5.9x 40.7x
9 Spring Valley 31.33 32,295 6.8x 33.1x
10 Ithaca 32.67 30,715 6.9x 32.5x
11 Harrison 33.33 28,363 6.8x 56.2x
12 Mount Vernon 34.0 67,623 6.2x 44.7x
13 New Rochelle 35.0 79,367 6.9x 53.2x
14 New Paltz 35.33 7,169 6.2x 35.4x
15 Cedarhurst 36.33 6,642 6.3x 54.0x
16 Port Chester 36.67 29,210 5.6x 45.9x
17 Great Neck 37.0 10,172 8.4x 59.0x
18 East Rockaway 37.33 9,810 5.5x 45.6x
19 Yonkers 38.0 200,183 5.9x 47.8x
20 Sleepy Hollow 38.0 10,089 8.1x 58.3x
21 Bronxville 39.0 6,450 7.0x 60.9x
22 Mamaroneck 41.0 19,247 5.8x 55.3x
23 White Plains 42.33 58,171 5.8x 54.3x
24 Long Beach 43.0 33,475 5.2x 52.7x
25 New Hempstead 43.67 5,426 4.9x 53.1x
26 Geneseo 43.67 8,218 5.8x 33.8x
27 Hempstead 46.0 55,153 4.9x 46.5x
28 Hudson 46.33 6,103 5.4x 42.5x
29 Garden City 47.0 22,384 4.7x 57.0x
30 Tuckahoe 48.0 6,548 5.2x 53.5x
31 Chestnut Ridge 49.33 8,041 5.8x 57.4x
32 Lawrence 49.33 6,517 7.7x 70.6x
33 Wappingers Falls 50.0 5,639 4.7x 41.9x
34 Ossining 52.67 24,966 4.4x 46.9x
35 Northport 52.67 7,297 5.5x 61.4x
36 Scarsdale 53.0 17,890 5.9x 71.4x
37 Peekskill 53.33 24,111 4.4x 43.4x
38 Goshen 53.33 5,346 4.7x 49.0x
39 Mineola 54.0 19,267 5.1x 57.6x
40 Mount Kisco 54.67 10,949 4.8x 53.3x
41 Rye 56.33 15,769 7.5x 85.9x
42 Poughkeepsie 56.67 30,341 4.3x 41.7x
43 Great Neck Plaza 58.67 6,980 4.0x 49.3x
44 Elmsford 58.67 5,197 4.5x 54.1x
45 Sea Cliff 60.0 5,045 4.8x 64.9x
46 Freeport 60.33 42,993 4.2x 51.4x
47 Williston Park 60.67 7,266 4.9x 63.4x
48 Amityville 61.0 9,440 4.4x 53.8x
49 Bayville 61.0 6,720 4.9x 62.1x
50 Haverstraw 61.33 12,076 4.1x 47.2x
51 Airmont 62.0 8,771 5.5x 64.6x
52 West Haverstraw 62.67 10,220 3.8x 46.3x
53 Port Jervis 63.67 8,541 4.2x 34.6x
54 Rockville Centre 63.67 24,552 5.5x 71.9x
55 Larchmont 64.0 6,159 6.1x 112.0x
56 Potsdam 64.0 9,003 4.5x 37.5x
57 Rye Brook 64.67 9,554 5.6x 80.2x
58 Port Jefferson 65.0 8,016 4.5x 60.5x
59 Lake Grove 65.33 11,083 3.9x 53.9x
60 Farmingdale 65.67 8,869 4.1x 54.8x
61 Newburgh 66.0 28,146 3.7x 38.1x
62 Tarr 66.0 11,394 4.9x 66.0x
63 Albany 68.67 96,860 3.9x 48.9x
64 Westbury 68.67 15,339 4.3x 58.4x
65 Dobbs Ferry 71.0 10,959 4.5x 71.0x
66 Hastings-On-Hudson 71.67 7,969 4.8x 75.6x
67 Middletown 72.33 28,018 3.2x 45.4x
68 Pelham Manor 73.33 5,535 4.7x 87.8x
69 Massapequa Park 74.33 17,152 3.4x 57.7x
70 Babylon 74.33 12,011 3.8x 59.0x
71 Kingston 74.33 22,954 3.4x 50.0x
72 Pelham 74.67 6,957 4.6x 84.2x
73 Monroe 75.33 8,567 3.6x 54.7x
74 Irvington 76.0 6,494 4.8x 93.3x
75 Suffern 76.67 10,945 3.6x 55.3x
76 Lindenhurst 77.0 26,885 3.8x 58.2x
77 Patchogue 77.0 12,389 3.5x 55.4x
78 Monticello 77.67 6,429 3.4x 45.3x
79 Floral Park 77.67 15,979 4.4x 74.4x
80 New Hyde Park 79.33 9,746 4.5x 78.9x
81 Beacon 79.67 13,723 4.0x 58.9x
82 Pleasantville 80.33 7,256 4.3x 85.9x
83 Watervliet 81.0 9,976 3.3x 51.3x
84 Lynbrook 83.67 19,445 4.0x 65.7x
85 Warwick 83.67 6,769 4.5x 66.9x
86 Croton-On-Hudson 83.67 8,121 4.3x 81.5x
87 Briarcliff Manor 84.0 7,695 4.2x 108.9x
88 Troy 84.67 49,253 3.1x 50.7x
89 Canandaigua 85.0 10,241 3.7x 56.2x
90 Saratoga Springs 86.0 28,056 4.2x 64.7x
91 Watertown 87.0 25,224 3.1x 51.2x
92 Valley Stream 90.33 37,489 3.9x 71.4x
93 Malverne 92.0 8,516 3.6x 72.6x
94 Ballston Spa 93.33 5,675 3.6x 62.2x
95 Mechanicville 93.67 5,077 3.3x 56.2x
96 Cohoes 94.83 16,708 3.1x 57.7x
97 Walden 96.33 6,683 3.5x 64.4x
98 Buffalo 97.33 255,805 2.5x 49.5x
99 Binghamton 97.33 44,819 2.6x 47.5x
100 Syracuse 98.33 142,553 2.5x 46.9x

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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.