salaryRent is higher than in 55% of U.S. cities. A typical house costs about 6.7 years of household income, so buying is hard for most locals. Commutes are long, about 35.1 minutes each way.
How much money do I need?
To rent here comfortably, you should earn about $70,000 a year. That is $34 an hour at a full-time job.
Is rent cheaper than other New York cities?
Yes. Rent here is cheaper than in most of New York. It is number 118 of 343 cities from cheapest to most expensive.
How much do households earn in Inwood?
Share of households by yearly income. 38.3% of households earn $100,000 or more.
Rent by apartment size in Inwood
| Size | Inwood | U.S. average |
|---|---|---|
| Studio | $2,235 | $1,338 |
| 1 bedroom | $1,774 | $1,324 |
| 2 bedrooms | $2,018 | $1,509 |
| 3 bedrooms | $2,671 | $1,698 |
| 4 bedrooms | $2,519 | $2,098 |
Median monthly rent plus utilities for all renters, by number of bedrooms.
How expensive is Inwood overall?
Everyday prices in New York overall are 8% above the U.S. average (index 107.9, U.S. = 100).
Source: U.S. Bureau of Economic Analysis, Regional Price Parities 2024. City-level data is not published for Inwood, so the New York figure is shown.
Taxes and bills in Inwood
Life in Inwood
Is it cheaper to rent or buy in Inwood?
Renting is cheaper right now: about $2,970 a month less.
Owning assumes a typical $680,300 home, 10% down, a 30-year loan at 6.5% and about 1.5% a year for taxes and insurance. You would also need $68,030 for the down payment.
Frequently asked questions
What is the average rent in Inwood, NY?
Renting in Inwood costs a median of about $1,750 a month in 2026, including utilities. The New York median is $2,177.
How much do I need to make to live in Inwood?
To keep rent under 30% of income, you need about $70,000 a year, or $34 an hour at a full-time job.
Is Inwood cheap or expensive?
Inwood is rated OK: rent takes 20.6% of the typical household income of $101,748. It ranks 118th cheapest of 343 New York cities we track.
How much are property taxes in Inwood?
The median homeowner in Inwood pays $9,238 a year in property taxes, about 1.36% of the median home value.
Is Inwood more expensive than the national average?
Overall prices in New York are 8% above the U.S. average, according to the U.S. Bureau of Economic Analysis.
How much does a house cost in Inwood?
The median home value in Inwood is $680,300, about 6.7 times the typical yearly household income.
12,235 people live in Inwood. Numbers are typical (middle) values.