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Cost of Living in Richmond County, NY

Population 494,956 · Census ACS 2020–2024 5-year estimates

Median rent$1,733
Median home value$675,500
Median household income$98,333

The median rent in Richmond County, NY is $1,733/month, 7% higher than the New York median and 23% higher than the U.S. median. The median home value is $675,500, 103% higher than the national median. Households earn a median of $98,333 a year, 14% higher than the state median.

Affordability

Rent as a share of median income: 21.1%
Income needed for median rent (30% rule): $69,320/yr
Home price-to-income ratio: 6.9×
Est. mortgage on the median home (20% down, 6.5% for 30 yrs, principal + interest): $3,416/mo

Run your own numbers: mortgage calculator · hourly to salary

Richmond County vs. New York vs. U.S.

Richmond CountyNew YorkU.S.
Median rent$1,733$1,621$1,413
Median home value$675,500$423,800$332,700
Median household income$98,333$85,974$80,734
Homeownership rate67.7%54.3%65.2%
Bachelor's degree or higher35.7%40.2%35.7%
Poverty rate11.5%14.0%12.5%
Unemployment rate5.6%6.4%5.2%
Work from home10.7%14.9%15.1%
Median age40.639.838.9

FAQ

What is the average rent in Richmond County, NY?

The median gross rent in Richmond County, NY is $1,733 per month (ACS 2020–2024 5-year estimate).

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

Using the common 30% rule, renting a median-priced home takes about $69,320 a year in gross income.

Is Richmond County, NY expensive to live in?

Rent there is 23% higher than the U.S. median, and the median home costs about 6.9 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

Clark County, WARent $1,748 · Income $97,536Travis County, TXRent $1,744 · Income $99,611Thurston County, WARent $1,736 · Income $96,563Paulding County, GARent $1,772 · Income $98,031Fulton County, GARent $1,732 · Income $95,292Cobb County, GARent $1,730 · Income $102,738

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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