Cost of Living in Jericho, NY

Population 14,117 · New York · Data vintage 2023

276
Cost Index
(100 = US avg)
Page updated: · Data vintage: 2023 ACS 5-Year
Sources: Census ACS·BLS·NOAA·EPA·Zillow · Methodology

Housing in Jericho sits 203% above the national median — $924,000 for the typical home — but median household incomes near $180,072 (141% above the US figure) soften the blow that similar pricing creates in lower-wage metros. Unemployment has stayed elevated relative to the national figure — 6.5% as of the most recent ACS release — which shows up in household-income and poverty figures as well.

Jericho sits roughly 20 miles south of Stamford — close enough that regional housing and labor patterns are shaped largely by the larger market. Median home values run roughly 50% higher than Stamford's $614,000.

Cost Overview

Housing 303
Rent 236

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

About the Cost of Living in Jericho

The median home value in Jericho is $923,600 — 203% above the national median of $305,000. Median rent runs $3,098/month, 136% higher than the national median of $1,314/month. The median household income of $180,072/year is 141% higher than the US median of $74,580. The local unemployment rate is 6.5%, 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 61.1°F and lows of 45.9°F. Overall, Jericho has a cost of living index of 276 versus the US average of 100, meaning it is 176% more expensive.

🏠 Housing

Median Home Value
$923,600
203% above avg
Zillow Home Value
$1,206,340
Zillow ZHVI
Median Rent
$3,098/mo
136% above avg
Price-to-Rent Ratio
24.8x
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 81.7%
Renter-occupied 18.4%

💰 Estimated Monthly Budget

Rent median rent
$3,098
Groceries national estimate
$400
Utilities local estimate
$88
Transportation local gas prices
$126
Estimated Total $3,712/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
45.7 min
69% above avg
Gas Price
$3.145/gal
0% below avg
Work From Home
18.9%

Commute Mode

Drove alone
57.0%
Carpooled
7.0%
Public transit
15.3%
Walked
0.6%
Work from home
18.9%

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
$180,072
141% above avg
Per Capita Income
$76,809
Unemployment Rate
6.5%
35% above avg
Poverty Rate
6.0%
Labor Force Participation
57.1%

🎓 Education

Bachelor's degree+ 32.5%
Graduate degree 36.1%

👥 Demographics

Median Age 44.9
Male median age 44.2
Female median age 45.2

🌤 Climate

NOAA 1991–2020 Climate Normals

Avg High
61.1°F
Avg Low
45.9°F
Annual Precip
38.3"
20° 38° 55° 73° 90° JFMAMJJASOND High Low Precip
Month JanFebMarAprMayJunJulAugSepOctNovDec
High °F 394148586877838275645344
Low °F 252633425161686760483831
Precip" 2.692.033.463.613.183.453.053.253.663.372.933.60

💨 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

🏫 Schools

NCES CCD 2019 — public school district data

99%
4-Year Graduation Rate
11.3:1
Student-teacher ratio
5
Public schools
3,173
Total enrollment

Frequently Asked Questions

What is the cost of living in Jericho, NY?

Jericho has a cost index of 276 (100 = national average). It is 176% above the national average.

What is average rent in Jericho, NY?

The median gross rent in Jericho is $3,098 per month based on 2023 Census data.

What is the average home price in Jericho?

The median home value in Jericho is $923,600 according to Zillow and Census data.

What is the median income in Jericho?

The median household income in Jericho is $180,072 per year (2023 ACS 5-year estimates).

What is the sales tax in Jericho, NY?

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

Is Jericho, NY affordable?

Jericho is above average in cost of living, with an index of 276 — about 176% higher than the national average.

What is the weather like in Jericho?

Jericho has average high temperatures of 61.1°F and average lows of 45.9°F. Annual precipitation is 38.3". Data from NOAA 1991–2020 Climate Normals.

Jericho at a Glance

Population
14,117
Median Income
$180,072
Home Value
$923,600
Median Rent
$3,098/mo
Unemployment
6.5%
Avg High Temp
61.1°F
Sales Tax
8.5%
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