salaryRent is higher than in 80% of U.S. cities. Household incomes are higher than in 95% of U.S. cities. A typical house costs about 9.1 years of household income, so buying is hard for most locals. Commutes are long, about 43.2 minutes each way. It is a highly educated city: 84% of adults have a college degree.
How much money do I need?
To rent here comfortably, you should earn about $92,360 a year. That is $44 an hour at a full-time job.
Is rent cheaper than other New York cities?
No. Rent here is more expensive than in most of New York. It is number 191 of 343 cities from cheapest to most expensive.
How much do households earn in Larchmont?
Share of households by yearly income. 60.8% of households earn $100,000 or more.
Rent by apartment size in Larchmont
| Size | Larchmont | U.S. average |
|---|---|---|
| 1 bedroom | $2,382 | $1,324 |
| 2 bedrooms | $2,190 | $1,509 |
Median monthly rent plus utilities for all renters, by number of bedrooms.
How expensive is Larchmont 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 Larchmont, so the New York figure is shown.
Taxes and bills in Larchmont
Life in Larchmont
Is it cheaper to rent or buy in Larchmont?
Renting is cheaper right now: about $9,039 a month less.
Owning assumes a typical $1,635,500 home, 10% down, a 30-year loan at 6.5% and about 1.5% a year for taxes and insurance. You would also need $163,550 for the down payment.
Frequently asked questions
What is the average rent in Larchmont, NY?
Renting in Larchmont costs a median of about $2,309 a month in 2026, including utilities. The New York median is $2,177.
How much do I need to make to live in Larchmont?
To keep rent under 30% of income, you need about $92,360 a year, or $44 an hour at a full-time job.
Is Larchmont cheap or expensive?
Larchmont is rated Cheap: rent takes 15.3% of the typical household income of $180,688. It ranks 191st cheapest of 343 New York cities we track.
How much are property taxes in Larchmont?
The median homeowner in Larchmont pays $10,000+ a year in property taxes, about 0.61% of the median home value.
Is Larchmont 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 Larchmont?
The median home value in Larchmont is $1,635,500, about 9.1 times the typical yearly household income.
6,567 people live in Larchmont. Numbers are typical (middle) values.