salaryRent is higher than in 77% of U.S. cities. Incomes are on the low side for rents this high, so budgets feel tight. A typical house costs about 19.5 years of household income, so buying is hard for most locals. Commutes are short, about 13.2 minutes. Most households rent (85%), so there are plenty of rental options.
How much money do I need?
To rent here comfortably, you should earn about $89,280 a year. That is $43 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 180 of 343 cities from cheapest to most expensive.
How much do households earn in New Square?
Share of households by yearly income. 15.8% of households earn $100,000 or more.
Rent by apartment size in New Square
| Size | New Square | U.S. average |
|---|---|---|
| 1 bedroom | $1,668 | $1,324 |
| 2 bedrooms | $1,348 | $1,509 |
| 3 bedrooms | $2,205 | $1,698 |
| 4 bedrooms | $2,441 | $2,098 |
Median monthly rent plus utilities for all renters, by number of bedrooms.
How expensive is New Square 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 New Square, so the New York figure is shown.
Taxes and bills in New Square
Life in New Square
Is it cheaper to rent or buy in New Square?
Renting is cheaper right now: about $2,364 a month less.
Owning assumes a typical $662,400 home, 10% down, a 30-year loan at 6.5% and about 1.5% a year for taxes and insurance. You would also need $66,240 for the down payment.
Frequently asked questions
What is the average rent in New Square, NY?
Renting in New Square costs a median of about $2,232 a month in 2026, including utilities. The New York median is $2,177.
How much do I need to make to live in New Square?
To keep rent under 30% of income, you need about $89,280 a year, or $43 an hour at a full-time job.
Is New Square cheap or expensive?
New Square is rated Expensive: rent takes 79.0% of the typical household income of $33,911. It ranks 180th cheapest of 343 New York cities we track.
How much are property taxes in New Square?
The median homeowner in New Square pays $10,000+ a year in property taxes, about 1.51% of the median home value.
Is New Square 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 New Square?
The median home value in New Square is $662,400, about 19.5 times the typical yearly household income.
9,803 people live in New Square. Numbers are typical (middle) values.