Cost of Living in Liberty, NY

Population 5,083 · 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

Under 25,000 residents gives Liberty a small-town character that shows up in every data point below — from the commute patterns to the rental inventory. A typical home runs $151,000. At 9.8%, the local unemployment rate runs well above the US figure, pointing to structural rather than cyclical labor-market issues.

Liberty is about 70 miles northwest of Paterson, the nearest large metro — close enough that regional housing and labor patterns are shaped largely by the larger market. Median home values run roughly 55% lower than Paterson's $335,000.

Cost Overview

Housing 49
Rent 67

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

About the Cost of Living in Liberty

The median home value in Liberty is $150,500 — 51% below the national median of $305,000. Median rent runs $882/month, 33% lower than the national median of $1,314/month. The median household income of $49,125/year is 34% lower than the US median of $74,580. The local unemployment rate is 9.8%, 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 60.0°F and lows of 38.8°F. Overall, Liberty has a cost of living index of 56 versus the US average of 100, meaning it is 44% less expensive.

🏠 Housing

Median Home Value
$150,500
51% below avg
Median Rent
$882/mo
33% below avg
Price-to-Rent Ratio
14.2x
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 34.3%
Renter-occupied 65.7%

💰 Estimated Monthly Budget

Rent median rent
$882
Groceries national estimate
$400
Utilities local estimate
$88
Transportation local gas prices
$126
Estimated Total $1,496/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
21.6 min
20% below avg
Gas Price
$3.145/gal
0% below avg
Work From Home
3.8%

Commute Mode

Drove alone
73.5%
Carpooled
17.6%
Public transit
0.4%
Bicycle
3.4%
Work from home
3.8%

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
$49,125
34% below avg
Per Capita Income
$27,236
Unemployment Rate
9.8%
103% above avg
Poverty Rate
17.7%
Labor Force Participation
64.3%

🎓 Education

Bachelor's degree+ 9.7%
Graduate degree 5.1%

👥 Demographics

Median Age 33.2
Male median age 31.4
Female median age 36.3

🌤 Climate

NOAA 1991–2020 Climate Normals

Avg High
60.0°F
Avg Low
38.8°F
Annual Precip
41"
10° 30° 50° 70° 90° JFMAMJJASOND High Low Precip
Month JanFebMarAprMayJunJulAugSepOctNovDec
High °F 353847607179848274625039
Low °F 171827364756615951403123
Precip" 2.442.443.253.503.354.333.304.403.893.683.043.37

🏫 Schools

NCES CCD 2019 — public school district data

67%
4-Year Graduation Rate
12.2:1
Student-teacher ratio
3
Public schools
1,824
Total enrollment

Frequently Asked Questions

What is the cost of living in Liberty, NY?

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

What is average rent in Liberty, NY?

The median gross rent in Liberty is $882 per month based on 2023 Census data.

What is the average home price in Liberty?

The median home value in Liberty is $150,500 according to 2023 Census ACS data.

What is the median income in Liberty?

The median household income in Liberty is $49,125 per year (2023 ACS 5-year estimates).

What is the sales tax in Liberty, NY?

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

Is Liberty, NY affordable?

Yes, Liberty 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 Liberty?

Liberty has average high temperatures of 60.0°F and average lows of 38.8°F. Annual precipitation is 41". Data from NOAA 1991–2020 Climate Normals.

Liberty at a Glance

Population
5,083
Median Income
$49,125
Home Value
$150,500
Median Rent
$882/mo
Unemployment
9.8%
Avg High Temp
60.0°F
Sales Tax
8.5%
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Explore county-level cost of living data

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