Cost of Living in Richmond County, New York
At a Glance
Rent burden measured as median gross rent as a percentage of renter household income (Census ACS B25071)
These figures are county medians, not a personal budget. Use them to frame rent, ownership, and income tradeoffs, then account for household size, commute, financing, insurance, taxes, debt, and local availability before making a decision.
How Richmond County Compares
Median monthly rent comparison
Detailed Housing Stats
National Ranking
Affordability Rank
Richmond County ranks #3,065 of 3,142 counties for affordability (bottom 2%)
Sourced county brief
Richmond County Median Home Value Reaches $675,500
The median home value in Richmond County was estimated at $675,500, which is $394,300 higher than the New York state unweighted county mean of $281,200. The median selected monthly owner cost for all owner-occupied units is $2,283, compared to the state unweighted county mean of $1,352. For renters, the official median gross rent as a percentage of household income (GRAPI) is 33.7%, which is 3.9 percentage points above the state unweighted county mean of 29.8%. Median gross rent in the county was estimated at $1,733 per month, while the state unweighted county mean is $1,168. Median renter-household income is $55,185 according to the 2020-2024 American Community Survey (ACS) estimates. This housing cost analysis uses official ACS B25071 data for rent percentage metrics. See ACS table B25077 for the underlying estimate.
Source record
- U.S. Census Bureau ACS 2020-2024 5-Year Estimates — B25064 Median Gross Rent
- U.S. Census Bureau ACS 2020-2024 5-Year Estimates — B25071 GRAPI
- U.S. Census Bureau ACS 2020-2024 5-Year Estimates — B25077 Median Home Value
- U.S. Census Bureau ACS 2020-2024 5-Year Estimates — B25088 Selected Monthly Owner Costs
- U.S. Census Bureau ACS 2020-2024 5-Year Estimates — B25119 Household Income by Tenure
Data version acs5-2020-2024 · Method cost-brief-v1
Cost of Living Advisory: Richmond County
Affordability Verdict
ACS B25071 estimates median gross rent at 33.7% of renter household income in Richmond County, which is between the 30% and 50% rent-burden benchmarks. This is a median percentage among renter-occupied units, not the share of households above a threshold.
Rent vs. Own
Median gross rent is $1,733 per month; median selected monthly owner costs are $2,283. These ACS medians describe different tenure groups and are not a personalized rent-versus-buy calculation.
Income Needed
Using the common 30% budgeting benchmark, $69,320 in annual gross income would allocate 30% to the county's median gross rent. This is a reproducible illustration, not evidence that a particular household can afford housing.
Regional Context
The New York unweighted mean of county median rents is $1,168 per month. Richmond County's $1,733 median is 48.3% above that comparison value.
Data version acs5-2020-2024 · Method cost-advisory-v2
Affordability Calculator
See how your income compares to housing costs in Richmond County
Rent Burden
21.1%
of gross income
Max Housing (28% Rule)
$2,294
per month
Owner Cost Burden
27.9%
of gross income
The median home in Richmond County may be a stretch
Median home value is $675,500. Estimated monthly cost: $5,393 vs. your max of $2,294.
Rent Affordability Guide
Income Needed Calculator
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Based on the 30% rule for rent and 28% rule for housing costs (mortgage + owner costs). Mortgage estimate assumes 20% down, 7.2% interest, 30-year fixed.
Frequently Asked Questions
What is the cost of living in Richmond County, New York?
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See Today's RatesData: U.S. Census Bureau, American Community Survey (ACS) 5-Year Estimates (2020-2024). Data is informational only and is not personalized financial advice.
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