Cost of Living in Monsey, NY
Population 27,787 · New York · Data vintage 2023
(100 = US avg)
Housing in Monsey is priced well above national norms — a median of $830,000, roughly 172% above the US figure — typical of the coastal premium that New York. Unemployment has stayed elevated relative to the national figure — 7.1% as of the most recent ACS release — which shows up in household-income and poverty figures as well.
Geographically, Monsey sits roughly 14 miles northeast of Paterson. Median home values run roughly 147% higher than Paterson's $335,000.
Cost Overview
Scale: 100 = US national average. Green < 90, Red > 110.
About the Cost of Living in Monsey
The median home value in Monsey is $829,700 — 172% above the national median of $305,000. Median rent runs $1,780/month, 35% higher than the national median of $1,314/month. The median household income of $49,095/year is 34% lower than the US median of $74,580. The local unemployment rate is 7.1%, 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 64.0°F and lows of 46.7°F. Overall, Monsey has a cost of living index of 217 versus the US average of 100, meaning it is 117% more expensive.
🏠 Housing
HUD Fair Market Rents by Bedroom
💰 Estimated Monthly Budget
Estimates based on median data and national averages. Actual costs vary.
🛒 Food & Groceries
National BLS average prices (2023). Local prices may vary.
🚗 Transportation
Commute Mode
⚡ Utilities
📋 Taxes
💼 Income & Employment
🎓 Education
👥 Demographics
🌤 Climate
NOAA 1991–2020 Climate Normals
| Month | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| High °F | 40 | 43 | 51 | 63 | 73 | 82 | 87 | 85 | 78 | 67 | 56 | 45 |
| Low °F | 26 | 27 | 34 | 44 | 53 | 63 | 69 | 67 | 60 | 48 | 38 | 31 |
| Precip" | 3.28 | 2.82 | 4.09 | 3.97 | 3.94 | 4.25 | 4.45 | 4.25 | 4.11 | 3.73 | 3.30 | 4.10 |
💨 Air Quality
EPA AQS 2023 — county-level monitoring data
Frequently Asked Questions
What is the cost of living in Monsey, NY?
Monsey has a cost index of 217 (100 = national average). It is 117% above the national average.
What is average rent in Monsey, NY?
The median gross rent in Monsey is $1,780 per month based on 2023 Census data.
What is the average home price in Monsey?
The median home value in Monsey is $829,700 according to Zillow and Census data.
What is the median income in Monsey?
The median household income in Monsey is $49,095 per year (2023 ACS 5-year estimates).
What is the sales tax in Monsey, NY?
The combined state and local sales tax rate in Monsey is 8.5%. The New York state income tax top rate is 10.9%.
Is Monsey, NY affordable?
Monsey is above average in cost of living, with an index of 217 — about 117% higher than the national average.
What is the weather like in Monsey?
Monsey has average high temperatures of 64.0°F and average lows of 46.7°F. Annual precipitation is 46.3". Data from NOAA 1991–2020 Climate Normals.
Monsey at a Glance
- Population
- 27,787
- Median Income
- $49,095
- Home Value
- $829,700
- Median Rent
- $1,780/mo
- Unemployment
- 7.1%
- Avg High Temp
- 64.0°F
- Sales Tax
- 8.5%
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