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Cost of Living in Broome County, NY

Population 197,378 · Census ACS 2020–2024 5-year estimates

Median rent$941
Median home value$154,900
Median household income$62,616

The median rent in Broome County, NY is $941/month, 42% lower than the New York median and 33% lower than the U.S. median. The median home value is $154,900, 53% lower than the national median. Households earn a median of $62,616 a year, 27% lower than the state median.

Affordability

Rent as a share of median income: 18.0%
Income needed for median rent (30% rule): $37,640/yr
Home price-to-income ratio: 2.5×
Est. mortgage on the median home (20% down, 6.5% for 30 yrs, principal + interest): $783/mo

Run your own numbers: mortgage calculator · hourly to salary

Broome County vs. New York vs. U.S.

Broome CountyNew YorkU.S.
Median rent$941$1,621$1,413
Median home value$154,900$423,800$332,700
Median household income$62,616$85,974$80,734
Homeownership rate64.5%54.3%65.2%
Bachelor's degree or higher31.0%40.2%35.7%
Poverty rate18.5%14.0%12.5%
Unemployment rate7.1%6.4%5.2%
Work from home9.6%14.9%15.1%
Median age39.239.838.9

FAQ

What is the average rent in Broome County, NY?

The median gross rent in Broome County, NY is $941 per month (ACS 2020–2024 5-year estimate).

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

Using the common 30% rule, renting a median-priced home takes about $37,640 a year in gross income.

Is Broome County, NY expensive to live in?

Rent there is 33% lower than the U.S. median, and the median home costs about 2.5 times the median household income.

Other counties in New York

Kings County, NYRent $1,833 · Income $80,263Queens County, NYRent $1,956 · Income $86,136New York County, NYRent $2,197 · Income $103,931Suffolk County, NYRent $2,255 · Income $130,686Bronx County, NYRent $1,458 · Income $48,676Nassau County, NYRent $2,252 · Income $146,202

Counties with a similar cost of living

Madison County, INRent $939 · Income $63,037Ellis County, KSRent $943 · Income $63,084Creek County, OKRent $936 · Income $62,338Stewart County, TNRent $945 · Income $63,114Lucas County, OHRent $934 · Income $62,224Moore County, TXRent $939 · Income $61,762

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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