Cost of living in Peekskill 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 Peekskill 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 Peekskill is 127, with 100 being the average.
The cost of living index in Peekskill is 1.3x higher than the national average.
Peekskill ranks as the #140 cheapest in New York out of 341.
Peekskill ranks as the #4,833 cheapest out of 6,489 in the US.
The median home value in Peekskill is $506,373.
The median income in Peekskill is $91,042.
According to the most recent data on the cost of living, Peekskill has an overall cost of living index of 127, which is 1.3x higher than the national index of 100.
Compared to New York, Peekskill has a cost of living index that's 1.1x higher than New York's index of 119.
The standard of living in Peekskill ranks as #140 most affordable out of the 341 places we measured in New York. By definition, that implies Peekskill ranks as the #201 most expensive place in the Empire State.
For more reading on life in Peekskill, check out:
Six factors go into calculating the cost of living index in Peekskill. Here is how it fairs on each of the criteria:
The Services index in Peekskill is 114.
The Groceries index in Peekskill is 104.
The Health index in Peekskill is 110.
The Housing index in Peekskill is 158.
The Transportation index in Peekskill is 101.
The Utilities index in Peekskill is 132.
| Living Expense | Peekskill | New York | National Average | |
|---|---|---|---|---|
| Overall | 127 | 119 | 100 | |
| Services | 114 | 110 | 100 | |
| Groceries | 104 | 103 | 100 | |
| Health | 110 | 101 | 100 | |
| Housing | 158 | 145 | 100 | |
| Transportation | 101 | 105 | 100 | |
| Utilities | 132 | 99 | 100 | |
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 2019-2023. The key points are:
The Median Home Value in Peekskill is $506,373.
The Median Rent in Peekskill is $1,895.
The Median Income in Peekskill is $91,042.
The Home Value To Income in Peekskill is 5.6x.
The Rent To Monthly Income in Peekskill is 0.25x.
The cost of living varies in the cities and towns around Peekskill. Here's a quick look at the cost of living in the most populous nearby places:
Jefferson Valley-Yorktown, NY has a cost of living index of 146, 1.1x Peekskill.
Stony Point, NY has a cost of living index of 135, 1.1x Peekskill.
Dobbs Ferry, NY has a cost of living index of 173, 1.4x Peekskill.
| City | Population | Cost Of Living | Vs. Peekskill |
|---|---|---|---|
| Jefferson Valley-Yorktown, NY | 14,195 | 146 | 1.1x |
| Stony Point, NY | 12,694 | 135 | 1.1x |
| Dobbs Ferry, NY | 11,397 | 173 | 1.4x |
| Hillcrest, NY | 8,989 | 140 | 1.1x |
| Croton-on-Hudson, NY | 8,205 | 161 | 1.3x |
| Congers, NY | 7,923 | 148 | 1.2x |
| Pleasantville, NY | 7,395 | 176 | 1.4x |
| Briarcliff Manor, NY | 7,333 | 178 | 1.4x |
| Tappan, NY | 6,704 | 161 | 1.3x |
| Irvington, NY | 6,541 | 170 | 1.3x |