Cost of Living in Hoosick Falls, NY

Population 3,189 · New York · Data vintage 2023

56
Cost Index
(100 = US avg)
Page updated: · Data vintage: 2023 ACS 5-Year
Sources: Census ACS·BLS·NOAA·EPA·Zillow · Methodology

Hoosick Falls sits on the smaller end of the New York city distribution. That scale shapes the housing market, the labor pool, and the services available to residents in ways the data below makes visible. An unemployment rate of 1.2% points to a labor market well on the tight side of the national distribution.

Hoosick Falls is about 30 miles northeast of Albany, the nearest large metro — close enough that regional housing and labor patterns are shaped largely by the larger market. Median home values run roughly 30% lower than Albany's $223,000.

Cost Overview

Housing 51
Rent 64

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

About the Cost of Living in Hoosick Falls

The median home value in Hoosick Falls is $155,700 — 49% below the national median of $305,000. Median rent runs $844/month, 36% lower than the national median of $1,314/month. The median household income of $53,325/year is 28% lower than the US median of $74,580. The local unemployment rate is 1.2%, below 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 57.6°F and lows of 35.8°F. Overall, Hoosick Falls has a cost of living index of 56 versus the US average of 100, meaning it is 44% less expensive.

🏠 Housing

Median Home Value
$155,700
49% below avg
Zillow Home Value
$546,311
Zillow ZHVI
Median Rent
$844/mo
36% below avg
Price-to-Rent Ratio
15.4x
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 64.8%
Renter-occupied 35.2%

💰 Estimated Monthly Budget

Rent median rent
$844
Groceries national estimate
$400
Utilities local estimate
$88
Transportation local gas prices
$126
Estimated Total $1,458/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
33.5 min
24% above avg
Gas Price
$3.145/gal
0% below avg
Work From Home
8.5%

Commute Mode

Drove alone
76.6%
Carpooled
5.8%
Walked
5.5%
Work from home
8.5%

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
$53,325
28% below avg
Per Capita Income
$29,616
Unemployment Rate
1.2%
75% below avg
Poverty Rate
11.7%
Labor Force Participation
47.8%

🎓 Education

Bachelor's degree+ 13.6%
Graduate degree 7.8%

👥 Demographics

Median Age 47.9
Male median age 39.9
Female median age 53.2

🌤 Climate

NOAA 1991–2020 Climate Normals

Avg High
57.6°F
Avg Low
35.8°F
Annual Precip
38.6"
10° 30° 50° 70° 90° JFMAMJJASOND High Low Precip
Month JanFebMarAprMayJunJulAugSepOctNovDec
High °F 323544576976817972604938
Low °F 131423344452575548382921
Precip" 2.371.942.652.493.474.054.653.863.823.612.772.90

🏫 Schools

NCES CCD 2019 — public school district data

87%
4-Year Graduation Rate
11.6:1
Student-teacher ratio
2
Public schools
1,090
Total enrollment

Frequently Asked Questions

What is the cost of living in Hoosick Falls, NY?

Hoosick Falls has a cost index of 56 (100 = national average). It is 44% below the national average.

What is average rent in Hoosick Falls, NY?

The median gross rent in Hoosick Falls is $844 per month based on 2023 Census data.

What is the average home price in Hoosick Falls?

The median home value in Hoosick Falls is $155,700 according to Zillow and Census data.

What is the median income in Hoosick Falls?

The median household income in Hoosick Falls is $53,325 per year (2023 ACS 5-year estimates).

What is the sales tax in Hoosick Falls, NY?

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

Is Hoosick Falls, NY affordable?

Yes, Hoosick Falls is generally considered affordable, with a cost of living index of 56 — about 44% below the US national average of 100.

What is the weather like in Hoosick Falls?

Hoosick Falls has average high temperatures of 57.6°F and average lows of 35.8°F. Annual precipitation is 38.6". Data from NOAA 1991–2020 Climate Normals.

Hoosick Falls at a Glance

Population
3,189
Median Income
$53,325
Home Value
$155,700
Median Rent
$844/mo
Unemployment
1.2%
Avg High Temp
57.6°F
Sales Tax
8.5%
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