Is Yonkers, NY cheaper than New York, NY?

Based on cost of living data, Yonkers, NY is 25.6% cheaper than New York, NY. This translates to saving $1920 per month.

What salary do I need in Yonkers, NY to live like I do in New York, NY?

If you earn $150,000 in New York, NY, you'd need approximately $126,964.286 in Yonkers, NY to maintain the same standard of living.

How does housing cost compare between New York, NY and Yonkers, NY?

Housing in Yonkers, NY is 51.4% cheaper than in New York, NY. For a two-bedroom apartment, rent is $2,860/month in Yonkers, NY compared to $3,590/month in New York, NY.

How much can I save per month by moving from New York, NY to Yonkers, NY?

Moving from New York, NY to Yonkers, NY could save you approximately $1920 per month, or $23036 per year, based on a $150,000 salary.

New York, NY vs Yonkers, NY: Cost of Living Comparison 2026

Tap to swap

Cost of Living Comparison 2026

Data: HUD rent estimates, BLS cost of living

Current salary in New York, NY

Numbers update automatically as you type

You'd save $1.9K/month moving to Yonkers, NY

$150.0K in your current city equals $127.0K in Yonkers, NY

Rent data from HUD ZIP-level estimates · COL index from New York-Newark-Jersey City, NY-NJ-PA area

Overall Cost

↓ 25.6%

Less expensive

Monthly Impact

$1,920

Savings

Annual Impact

$23.0K

Per year

Based on monthly living costs (rent, groceries, utilities, transport, healthcare). Home purchase prices shown separately below.

New York, NY

Population:8337K

Cost Index:

100

100 = national average

Median Home:$1.05M

Yonkers, NY

Population:208K

Cost Index:

(26% below avg)

Median Home:$648K

New York, NY

The Empire State

8.3M

Population

State Tax

Yes

Climate

Humid subtropical

Notable Facts

•Most populous city in the US
•Major global financial center
•World-renowned cultural hub

Major Industries

FinanceReal EstateTechnologyMedia

Yonkers, NY

The Empire State

208K

Population

State Tax

Yes

Located in New York, this city has a population of 208K residents.

Cost Breakdown by Category

Annual spending: New York, NY vs Yonkers, NY

Category	New York, NY	Yonkers, NY	Difference	Change
Housing	$7,648/mo	$3,716/mo	↓ $3,932less	51.4%
Groceries	$1,165/mo	$1,099/mo	↓ $65.95less	5.7%
Other	$2,034/mo	$2,026/mo	↓ $8.37less	0.4%
All Utilities	$600/mo	$596/mo	↓ $4.37less	0.7%
Transportation	$1,602/mo	$1,598/mo	↓ $4.10less	0.3%
Healthcare	$688/mo	$688/mo	→ $0	0.0%

Housing

↓ 51.4%

New York, NY

$7,648

Yonkers, NY

$3,716

Difference

$3,932

less

Groceries

↓ 5.7%

New York, NY

$1,165

Yonkers, NY

$1,099

Difference

$65.95

less

Other

↓ 0.4%

New York, NY

$2,034

Yonkers, NY

$2,026

Difference

$8.37

less

All Utilities

↓ 0.7%

New York, NY

$600

Yonkers, NY

$596

Difference

$4.37

less

Transportation

↓ 0.3%

New York, NY

$1,602

Yonkers, NY

$1,598

Difference

$4.10

less

Healthcare

→ 0.0%

New York, NY

$688

Yonkers, NY

$688

Difference

same

🏛️ Local Income Taxes

New York, NY: NYC Income Tax$5,689/yr (3.8%)

Yonkers, NY: Yonkers Surcharge (16.75% of state tax)$2,939/yr (2.0%)

Net difference-$2,750/yr

Local taxes are in addition to state income tax. Not all cities levy local income taxes.

🏠Rent Comparison

Studio

From$3,120

To$2,490

↓ $630

1 Bed

From$3,270

To$2,610

↓ $660

2 Bed

From$3,590

To$2,860

↓ $730

3 Bed

From$4,500

To$3,580

↓ $920

New York, NYZIP-level data

1BR range: $2,260–$3,990/mo

Yonkers, NYZIP-level data

1BR range: $2,400–$2,710/mo

💡 Note: Rent prices are based on HUD Fair Market Rent data and represent median costs. Actual prices vary by neighborhood, amenities, and condition. Source: HUD Small Area Fair Market Rents FY2026.

$13,737

Monthly in New York, NY

$9,722

Monthly in Yonkers, NY

$4,015

Difference

Home Values

New York

Yonkers

$1.05M

Median Value

$648K

↓ -0.1%

YoY Change

↑ +4.6%

↓ -5.9%

5-Year Change

↑ +30.3%

$471K - $3.49M

Price Range

$598K - $729K

Homes in Yonkers are 38% less expensive than New York

Calculate payment - New York Calculate payment - Yonkers

Source: Zillow Home Value Index (ZHVI), January 2026

Tax Comparison

Annual tax burden comparison at $150.0K salary

Tax Savings

→ $0

Same taxes

Monthly Difference

Same take-home

Effective Rate Diff

0.0%

Rate difference

New York, NY

Federal Income Tax

Effective: 18.9%

$25.5K

New York State Tax

Effective: 6.4%

$9.5K

FICA Taxes

Social Security + Medicare

$11.5K

Total Taxes

Effective: 31.0%

$46.6K

Take-Home Pay

$8,620/month

$103.4K

Yonkers, NY

Federal Income Tax

Effective: 18.9%

$25.5K

New York State Tax

Effective: 6.4%

$9.5K

FICA Taxes

Social Security + Medicare

$11.5K

Total Taxes

Effective: 31.0%

$46.6K

Take-Home Pay

$8,620/month

$103.4K

Additional Tax Information

New York, NY Tax Rates

Sales Tax:8.8%

Property Tax:1.2%

Yonkers, NY Tax Rates

Sales Tax:8.8%

Property Tax:1.2%

💡 Note: Tax calculations are estimates based on 2024/2025 tax brackets for single filers with standard deduction. Actual taxes may vary based on filing status, deductions, credits, and local variations.