Cost of Living in Vassar College, NY

Population 3,276 · New York · Data vintage 2023

94
Cost Index
(100 = US avg)
Page updated: · Data vintage: 2023 ACS 5-Year
Sources: Census ACS·BLS·NOAA·EPA·Zillow · Methodology

Vassar College is a smaller New York community of around 3000 residents, where median household incomes of $119,836 and housing costs give the local cost-of-living profile a distinctly small-town shape. The labor market has been unusually tight, with unemployment around 2.8% — below most comparable cities in the state.

Vassar College is about 45 miles west of Waterbury, the nearest large metro — close enough that regional housing and labor patterns are shaped largely by the larger market. Waterbury's typical home runs $185,000 for context.

Cost Overview

Rent 94

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

About the Cost of Living in Vassar College

Median rent runs $1,229/month, 6% lower than the national median of $1,314/month. The median household income of $119,836/year is 61% higher than the US median of $74,580. The local unemployment rate is 2.8%, 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 61.1°F and lows of 39.9°F. Overall, Vassar College has a cost of living index of 94 versus the US average of 100, meaning it is 6% less expensive.

🏠 Housing

Median Rent
$1,229/mo
6% below avg
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 17.8%
Renter-occupied 82.2%

💰 Estimated Monthly Budget

Rent median rent
$1,229
Groceries national estimate
$400
Utilities local estimate
$88
Transportation local gas prices
$126
Estimated Total $1,843/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
16.2 min
40% below avg
Gas Price
$3.145/gal
0% below avg
Work From Home
27.7%

Commute Mode

Drove alone
11.9%
Carpooled
5.1%
Public transit
2.4%
Walked
50.3%
Bicycle
0.4%
Work from home
27.7%

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
$119,836
61% above avg
Per Capita Income
$19,121
Unemployment Rate
2.8%
42% below avg
Poverty Rate
25.4%
Labor Force Participation
54.3%

🎓 Education

Bachelor's degree+ 8.0%
Graduate degree 73.9%

👥 Demographics

Median Age 20.5
Male median age 20.5
Female median age 20.5

🌤 Climate

NOAA 1991–2020 Climate Normals

Avg High
61.1°F
Avg Low
39.9°F
Annual Precip
41.9"
10° 30° 50° 70° 90° JFMAMJJASOND High Low Precip
Month JanFebMarAprMayJunJulAugSepOctNovDec
High °F 363948617180858375635141
Low °F 182027384857626153413224
Precip" 2.822.213.093.623.473.913.784.284.333.733.273.39

💨 Air Quality

EPA AQS 2023 — county-level monitoring data

Median AQI 33 — Good
96%
Good air days/yr
108
Max AQI recorded
0
PM2.5 days
347
Ozone days

Frequently Asked Questions

What is the cost of living in Vassar College, NY?

Vassar College has a cost index of 94 (100 = national average). It is 6% below the national average.

What is average rent in Vassar College, NY?

The median gross rent in Vassar College is $1,229 per month based on 2023 Census data.

What is the median income in Vassar College?

The median household income in Vassar College is $119,836 per year (2023 ACS 5-year estimates).

What is the sales tax in Vassar College, NY?

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

Is Vassar College, NY affordable?

Vassar College is near the national average in terms of cost of living, with an index of 94 (100 = US average).

What is the weather like in Vassar College?

Vassar College has average high temperatures of 61.1°F and average lows of 39.9°F. Annual precipitation is 41.9". Data from NOAA 1991–2020 Climate Normals.