Cost of Living in Hudson, NY

Population 5,900 · New York · Data vintage 2023

104
Cost Index
(100 = US avg)
Page updated: · Data vintage: 2023 ACS 5-Year
Sources: Census ACS·BLS·NOAA·EPA·Zillow · Methodology

Hudson is a smaller New York community of around 6000 residents, where median household incomes of $55,394 and housing costs ($324,000 for a typical home) give the local cost-of-living profile a distinctly small-town shape. At 9.3%, the local unemployment rate runs well above the US figure, pointing to structural rather than cyclical labor-market issues.

Geographically, Hudson is about 30 miles south of Albany, the nearest large metro. Median home values run roughly 45% higher than Albany's $223,000.

Cost Overview

Housing 106
Rent 100

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

About the Cost of Living in Hudson

The median home value in Hudson is $324,400 — 6% above the national median of $305,000. Median rent runs $1,309/month, equal to than the national median of $1,314/month. The median household income of $55,394/year is 26% lower than the US median of $74,580. The local unemployment rate is 9.3%, 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%. Overall, Hudson has a cost of living index of 104 versus the US average of 100, meaning it is 4% more expensive.

🏠 Housing

Median Home Value
$324,400
6% above avg
Zillow Home Value
$425,857
Zillow ZHVI
Median Rent
$1,309/mo
0% below avg
Zillow Rent
$2,485/mo
Zillow ZORI
Price-to-Rent Ratio
20.7x
Favors renting
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 47.8%
Renter-occupied 52.2%

💰 Estimated Monthly Budget

Rent median rent
$1,309
Groceries national estimate
$400
Utilities local estimate
$88
Transportation local gas prices
$126
Estimated Total $1,923/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
24.4 min
10% below avg
Gas Price
$3.145/gal
0% below avg
Work From Home
22.5%

Commute Mode

Drove alone
47.6%
Carpooled
8.0%
Public transit
6.0%
Walked
8.9%
Bicycle
0.8%
Work from home
22.5%

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
$55,394
26% below avg
Per Capita Income
$48,684
Unemployment Rate
9.3%
94% above avg
Poverty Rate
22.1%
Labor Force Participation
59.1%

🎓 Education

Bachelor's degree+ 20.1%
Graduate degree 18.9%

👥 Demographics

Median Age 40.9
Male median age 41
Female median age 40.8

🏫 Schools

NCES CCD 2019 — public school district data

82%
4-Year Graduation Rate
11:1
Student-teacher ratio
3
Public schools
1,723
Total enrollment

Frequently Asked Questions

What is the cost of living in Hudson, NY?

Hudson has a cost index of 104 (100 = national average). It is 4% above the national average.

What is average rent in Hudson, NY?

The median gross rent in Hudson is $1,309 per month based on 2023 Census data.

What is the average home price in Hudson?

The median home value in Hudson is $324,400 according to Zillow and Census data.

What is the median income in Hudson?

The median household income in Hudson is $55,394 per year (2023 ACS 5-year estimates).

What is the sales tax in Hudson, NY?

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

Is Hudson, NY affordable?

Hudson is near the national average in terms of cost of living, with an index of 104 (100 = US average).