Pelham, NY Cost Of Living
Cost Of Living In Pelham, NY Summary
Cost of living in Pelham research summary. The cost of living index is set to 100 for the average place in the United States. A cost of living index above 100 means Pelham is expensive. An index value below 100 means the city is a relatively cheap place to live.
On a city-by-city basis in New York, home prices and rent have the biggest impact on the cost of living. Here are the key takeaways based on Saturday Night Science:
The cost of living index in Pelham is 181, with 100 being the average.
The cost of living index in Pelham is 1.8x higher than the national average.
Pelham ranks as the #320 cheapest in New York out of 340.
Pelham ranks as the #6,217 cheapest out of 6,412 in the US.
The median home value in Pelham is $711,200.
The median income in Pelham is $151,719.
Table Of Contents
Pelham's Overall Cost Of Living
Higher Than The National Average
What is the cost of living in Pelham, NY?
According to the most recent data on the cost of living, Pelham has an overall cost of living index of 181, which is 1.8x higher than the national index of 100.
Compared to New York, Pelham has a cost of living index that's 1.4x higher than New York's index of 126.
The standard of living in Pelham ranks as #320 most affordable out of the 340 places we measured in New York. By definition, that implies Pelham ranks as the #20 most expensive place in the Empire State.
For more reading on life in Pelham, check out:
- Living In Pelham
- Pelham Crime Report
- Search Homes For Sale In Pelham, NY
In New York
In America
Pelham Cost Of Living Vs. New York
Six factors go into calculating the cost of living index in Pelham. Here is how it fairs on each of the criteria:
The Services index in Pelham is 133.
The Groceries index in Pelham is 148.
The Health index in Pelham is 111.
The Housing index in Pelham is 298.
The Transportation index in Pelham is 134.
The Utilities index in Pelham is 99.
| Living Expense | Pelham | New York | National Average | |
|---|---|---|---|---|
| Overall | 181 | 126 | 100 | |
| Services | 133 | 110 | 100 | |
| Groceries | 148 | 104 | 100 | |
| Health | 111 | 105 | 100 | |
| Housing | 298 | 175 | 100 | |
| Transportation | 134 | 107 | 100 | |
| Utilities | 99 | 102 | 100 | |
Pelham, NY Housing Cost Breakdown
Housing swings affordability the most between places in New York, so we broke down housing costs into more detail. Home and income data comes from the most recent US Census ACS 2017-2021. The key points are:
The Median Home Value in Pelham is $711,200.
The Median Rent in Pelham is $1,861.
The Median Income in Pelham is $151,719.
The Home Value To Income in Pelham is 4.7x.
The Rent To Monthly Income in Pelham is 0.15x.
| Statistic | Pelham | New York | United States |
|---|---|---|---|
| Median Home Value | $711,200 | $340,600 | $244,900 |
| Median Rent | $1,861 | $1,390 | $1,163 |
| Median Income | $151,719 | $75,157 | $69,021 |
| Home Value To Income | 4.7x | 4.5x | 3.5x |
| Rent To Monthly Income | 0.15x | 0.22x | 0.2x |
Median Home Value
Median Rent
Median Income
Pelham, NY Costs By Category
Detailed Pelham Services Costs Vs. New York
Detailed Pelham Groceries Costs Vs. New York
Detailed Pelham Health Costs Vs. New York
Detailed Pelham Transportation Costs Vs. New York
Detailed Pelham Utilities Costs Vs. New York
Pelham SnackAbility
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Cost Of Living In Cities Around Pelham
The cost of living varies in the cities and towns around Pelham. Here's a quick look at the cost of living in the most populous nearby places:
Yonkers, NY has a cost of living index of 147, 0.8x Pelham.
New Rochelle, NY has a cost of living index of 160, 0.9x Pelham.
Mount Vernon, NY has a cost of living index of 142, 0.8x Pelham.
| City | Population | Cost Of Living | Vs. Pelham |
|---|---|---|---|
| Yonkers, NY | 209,730 | 147 | 0.8x |
| New Rochelle, NY | 80,685 | 160 | 0.9x |
| Mount Vernon, NY | 72,855 | 142 | 0.8x |
| Plainview, NY | 26,665 | 155 | 0.9x |
| Eastchester, NY | 20,636 | 163 | 0.9x |
| Mamaroneck, NY | 19,989 | 165 | 0.9x |
| Syosset, NY | 19,347 | 177 | 1.0x |
| Scarsdale, NY | 18,063 | 265 | 1.5x |
| Woodmere, NY | 17,267 | 176 | 1.0x |
| North New Hyde Park, NY | 15,125 | 170 | 0.9x |
