salaryRent is lower than in 58% of U.S. cities. A typical house costs about 17.9 years of household income, so buying is hard for most locals. Most households rent (65%), so there are plenty of rental options.
How much money do I need?
To rent here comfortably, you should earn about $60,120 a year. That is $29 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 92 of 343 cities from cheapest to most expensive.
How much do households earn in Monsey?
Share of households by yearly income. 21.8% of households earn $100,000 or more.
Rent by apartment size in Monsey
| Size | Monsey | U.S. average |
|---|---|---|
| 2 bedrooms | $1,852 | $1,509 |
| 3 bedrooms | $2,253 | $1,698 |
| 4 bedrooms | $2,068 | $2,098 |
Median monthly rent plus utilities for all renters, by number of bedrooms.
How expensive is Monsey 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 Monsey, so the New York figure is shown.
Taxes and bills in Monsey
Life in Monsey
Is it cheaper to rent or buy in Monsey?
Renting is cheaper right now: about $4,887 a month less.
Owning assumes a typical $921,000 home, 10% down, a 30-year loan at 6.5% and about 1.5% a year for taxes and insurance. You would also need $92,100 for the down payment.
Frequently asked questions
What is the average rent in Monsey, NY?
Renting in Monsey costs a median of about $1,503 a month in 2026, including utilities. The New York median is $2,177.
How much do I need to make to live in Monsey?
To keep rent under 30% of income, you need about $60,120 a year, or $29 an hour at a full-time job.
Is Monsey cheap or expensive?
Monsey is rated Expensive: rent takes 35.1% of the typical household income of $51,368. It ranks 92nd cheapest of 343 New York cities we track.
How much are property taxes in Monsey?
The median homeowner in Monsey pays $10,000+ a year in property taxes, about 1.09% of the median home value.
Is Monsey 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 Monsey?
The median home value in Monsey is $921,000, about 17.9 times the typical yearly household income.
28,160 people live in Monsey. Numbers are typical (middle) values.