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Cost of Living in Coram, NY

Population 39,539 · Census ACS 2020–2024 5-year estimates

Median rent$2,492
Median home value$452,100
Median household income$105,220

The median rent in Coram, NY is $2,492/month, 54% higher than the New York median and 76% higher than the U.S. median. The median home value is $452,100, 36% higher than the national median. Households earn a median of $105,220 a year, 22% higher than the state median.

Affordability

Rent as a share of median income: 28.4%
Income needed for median rent (30% rule): $99,680/yr
Home price-to-income ratio: 4.3×
Est. mortgage on the median home (20% down, 6.5% for 30 yrs, principal + interest): $2,286/mo

Run your own numbers: mortgage calculator · hourly to salary

Coram vs. New York vs. U.S.

CoramNew YorkU.S.
Median rent$2,492$1,621$1,413
Median home value$452,100$423,800$332,700
Median household income$105,220$85,974$80,734
Homeownership rate69.2%54.3%65.2%
Bachelor's degree or higher36.1%40.2%35.7%
Poverty rate7.5%14.0%12.5%
Unemployment rate4.7%6.4%5.2%
Work from home8.5%14.9%15.1%
Median age43.539.838.9

FAQ

What is the average rent in Coram, NY?

The median gross rent in Coram, NY is $2,492 per month (ACS 2020–2024 5-year estimate).

How much do I need to earn to live in Coram, NY?

Using the common 30% rule, renting a median-priced home takes about $99,680 a year in gross income.

Is Coram, NY expensive to live in?

Rent there is 76% higher than the U.S. median, and the median home costs about 4.3 times the median household income.

Other cities in New York

New York, NYRent $1,821 · Income $80,483Buffalo, NYRent $1,046 · Income $50,041Yonkers, NYRent $1,784 · Income $83,549Rochester, NYRent $1,081 · Income $47,213Syracuse, NYRent $1,039 · Income $47,819Albany, NYRent $1,216 · Income $61,986

Cities with a similar cost of living

Boca Raton, FLRent $2,508 · Income $106,273Diamond Bar, CARent $2,521 · Income $108,281Santa Barbara, CARent $2,413 · Income $106,182Palm Beach Gardens, FLRent $2,417 · Income $106,947Chino, CARent $2,336 · Income $104,682Costa Mesa, CARent $2,446 · Income $111,505

Source: U.S. Census Bureau, American Community Survey 5-year estimates. Estimates have margins of error, especially for smaller places. This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.

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