Cost of Living in Herricks, NY

Population 4,077 · New York · Data vintage 2023

262
Cost Index
(100 = US avg)
Page updated: · Data vintage: 2023 ACS 5-Year
Sources: Census ACS·BLS·NOAA·EPA·Zillow · Methodology

Home prices in Herricks run well above the national baseline, with a median of $788,000, though local incomes keep the cost-to-earnings ratio tighter than in coastal metros with comparable sticker prices. Median household earnings of $145,000 place the city among the better-paid New York metros. Unemployment has stayed elevated relative to the national figure — 7.0% as of the most recent ACS release — which shows up in household-income and poverty figures as well.

Herricks sits roughly 15 miles east of New York — close enough that regional housing and labor patterns are shaped largely by the larger market. Housing prices track closely with New York's $752,000 median.

Cost Overview

Housing 258
Rent 266

Scale: 100 = US national average. Green < 90, Red > 110.

About the Cost of Living in Herricks

The median home value in Herricks is $787,700 — 158% above the national median of $305,000. Median rent runs $3,501/month, 166% higher than the national median of $1,314/month. The median household income of $145,000/year is 94% higher than the US median of $74,580. The local unemployment rate is 7.0%, above the national average of 4.8%. New York's top state income tax rate is 10.9% and the combined sales tax is 8.5%. The climate averages highs of 61.6°F and lows of 47.0°F, with about 25.9" of annual snowfall. Overall, Herricks has a cost of living index of 262 versus the US average of 100, meaning it is 162% more expensive.

🏠 Housing

Median Home Value
$787,700
158% above avg
Median Rent
$3,501/mo
166% above avg
Price-to-Rent Ratio
18.7x
Favors buying
Property Tax Rate
1.7%
Effective rate

HUD Fair Market Rents by Bedroom

Studio
$965
1 BR
$1,051
2 BR
$1,302
3 BR
$1,619
4 BR
$1,813
Owner-occupied 96.5%
Renter-occupied 3.5%

💰 Estimated Monthly Budget

Rent median rent
$3,501
Groceries national estimate
$400
Utilities local estimate
$88
Transportation local gas prices
$126
Estimated Total $4,115/mo

Estimates based on median data and national averages. Actual costs vary.

🛒 Food & Groceries

National BLS average prices (2023). Local prices may vary.

🥚
Eggs (dozen)
$0.548
🍞
White Bread (lb)
$1.912
🥩
Ground Beef (lb)
$5.61

🚗 Transportation

Avg Commute
42.8 min
59% above avg
Gas Price
$3.145/gal
0% below avg
Work From Home
15.8%

Commute Mode

Drove alone
63.3%
Carpooled
10.1%
Public transit
6.3%
Walked
0.5%
Work from home
15.8%

Utilities

Electricity
$0.176/kWh
0% below avg

📋 Taxes

State Income Tax 10.9%
Total Sales Tax 8.5%
State rate 4.0%
Avg local rate 4.5%
Property Tax 1.7%

💼 Income & Employment

Median Household Income
$145,000
94% above avg
Per Capita Income
$56,881
Unemployment Rate
7.0%
46% above avg
Poverty Rate
6.9%
Labor Force Participation
59.6%

🎓 Education

Bachelor's degree+ 31.7%
Graduate degree 27.2%

👥 Demographics

Median Age 47.5
Male median age 44.5
Female median age 48.8

🌤 Climate

NOAA 1991–2020 Climate Normals

Avg High
61.6°F
Avg Low
47.0°F
Annual Precip
43.3"
Annual Snowfall
25.9"
20° 38° 55° 73° 90° JFMAMJJASOND High Low Precip
Month JanFebMarAprMayJunJulAugSepOctNovDec
High °F 404249596878848276655445
Low °F 262734435362696861504032
Precip" 3.232.763.943.553.663.853.864.113.583.723.073.96
Snow" 7.58.64.30.60.00.00.00.00.00.00.44.5

💨 Air Quality

EPA AQS 2023 — county-level monitoring data

Median AQI 31 — Good
75.3%
Good air days/yr
197
Max AQI recorded
365
PM2.5 days
0
Ozone days

Frequently Asked Questions

What is the cost of living in Herricks, NY?

Herricks has a cost index of 262 (100 = national average). It is 162% above the national average.

What is average rent in Herricks, NY?

The median gross rent in Herricks is $3,501 per month based on 2023 Census data.

What is the average home price in Herricks?

The median home value in Herricks is $787,700 according to 2023 Census ACS data.

What is the median income in Herricks?

The median household income in Herricks is $145,000 per year (2023 ACS 5-year estimates).

What is the sales tax in Herricks, NY?

The combined state and local sales tax rate in Herricks is 8.5%. The New York state income tax top rate is 10.9%.

Is Herricks, NY affordable?

Herricks is above average in cost of living, with an index of 262 — about 162% higher than the national average.

What is the weather like in Herricks?

Herricks has average high temperatures of 61.6°F and average lows of 47.0°F. Annual precipitation is 43.3". Average annual snowfall is 25.9". Data from NOAA 1991–2020 Climate Normals.

Herricks at a Glance

Population
4,077
Median Income
$145,000
Home Value
$787,700
Median Rent
$3,501/mo
Unemployment
7.0%
Avg High Temp
61.6°F
Sales Tax
8.5%
View all cities in New York →
🗺️ County data for New York

Explore county-level cost of living data

Similar Cost Cities

Cities in other states with comparable housing costs