Cost of living in Hudson research summary. The cost of living index is set to 100 for the average place in the United States. A cost of living index above 100 means Hudson is expensive. An index value below 100 means the city is a relatively cheap place to live.
On a city-by-city basis in New York, home prices and rent have the biggest impact on the cost of living. Here are the key takeaways based on Saturday Night Science:
The cost of living index in Hudson is 105, with 100 being the average.
The cost of living index in Hudson is 1.1x higher than the national average.
Hudson ranks as the #100 cheapest in New York out of 340.
Hudson ranks as the #3,676 cheapest out of 6,412 in the US.
The median home value in Hudson is $240,800.
The median income in Hudson is $40,417.
According to the most recent data on the cost of living, Hudson has an overall cost of living index of 105, which is 1.1x higher than the national index of 100.
Compared to New York, Hudson has a cost of living index that's 0.8x lower than New York's index of 126.
The standard of living in Hudson ranks as #100 most affordable out of the 340 places we measured in New York. By definition, that implies Hudson ranks as the #240 most expensive place in the Empire State.
For more reading on life in Hudson, check out:
Six factors go into calculating the cost of living index in Hudson. Here is how it fairs on each of the criteria:
The Services index in Hudson is 107.
The Groceries index in Hudson is 111.
The Health index in Hudson is 105.
The Housing index in Hudson is 95.
The Transportation index in Hudson is 103.
The Utilities index in Hudson is 101.
|Living Expense||Hudson||New York||National Average|
Housing swings affordability the most between places in New York, so we broke down housing costs into more detail. Home and income data comes from the most recent US Census ACS 2017-2021. The key points are:
The Median Home Value in Hudson is $240,800.
The Median Rent in Hudson is $1,070.
The Median Income in Hudson is $40,417.
The Home Value To Income in Hudson is 6.0x.
The Rent To Monthly Income in Hudson is 0.32x.
|Statistic||Hudson||New York||United States|
|Median Home Value||$240,800||$340,600||$244,900|
|Home Value To Income||6.0x||4.5x||3.5x|
|Rent To Monthly Income||0.32x||0.22x||0.2x|
The cost of living varies in the cities and towns around Hudson. Here's a quick look at the cost of living in the most populous nearby places:
Niskayuna, NY has a cost of living index of 110, 1.0x Hudson.
Cohoes, NY has a cost of living index of 101, 1.0x Hudson.
Greenville, OH has a cost of living index of 77, 0.7x Hudson.