States › New York › Peekskill

Is Peekskill, NY expensive to live in?

ExpensiveRent takes 31 cents of every $1 people earn here.
🏠 Rent per month (2026)$2,42338% higher than U.S. average
💵 Families earn per year (2026)$92,701about $7,725/month · 6% higher than U.S. average
🔑 House price$395,60019% higher than U.S. average

Rent is higher than in 84% of U.S. cities. A typical house costs about 4.3 years of household income. Commutes are long, about 37.2 minutes each way.

How much money do I need?

To rent here comfortably, you should earn about $96,920 a year. That is $47 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 208 of 343 cities from cheapest to most expensive.

Peekskill
$2,423
$3,743
$1,391
$1,219
$2,605
$2,596

How much do households earn in Peekskill?

Under $25k
11.4%
$25k–50k
17.9%
$50k–100k
35.9%
$100k–150k
14.9%
$150k+
14.5%

Share of households by yearly income. 29.4% of households earn $100,000 or more.

Rent by apartment size in Peekskill

SizePeekskillU.S. average
Studio$1,545$1,338
1 bedroom$1,963$1,324
2 bedrooms$2,395$1,509
3 bedrooms$3,022$1,698
4 bedrooms$2,426$2,098

Median monthly rent plus utilities for all renters, by number of bedrooms.

How expensive is Peekskill overall?

Everyday prices in New York overall are 8% above the U.S. average (index 107.9, U.S. = 100).

Housing
122
Goods (food, clothes…)
107
Utilities
134
Other services
104
U.S. average
100

Source: U.S. Bureau of Economic Analysis, Regional Price Parities 2024. City-level data is not published for Peekskill, so the New York figure is shown.

Taxes and bills in Peekskill

🏛️ Property tax$7,842a year · 1.98% of home value · U.S. $3,119
⚡ Electric bill$185a month (typical) · U.S. $156

Life in Peekskill

Commute to work37.2 minU.S.: 26.4 min
College degree37.8%U.S.: 35.7%
Own their home59.4%U.S.: 65.2%
Below poverty line11.9%U.S.: 12.5%
Unemployment6.7%U.S.: 5.2%

Is it cheaper to rent or buy in Peekskill?

Renting is cheaper right now: about $322 a month less.

Renting
$2,423
Owning
$2,745

Owning assumes a typical $395,600 home, 10% down, a 30-year loan at 6.5% and about 1.5% a year for taxes and insurance. You would also need $39,560 for the down payment.

Frequently asked questions

What is the average rent in Peekskill, NY?

Renting in Peekskill costs a median of about $2,423 a month in 2026, including utilities. The New York median is $2,177.

How much do I need to make to live in Peekskill?

To keep rent under 30% of income, you need about $96,920 a year, or $47 an hour at a full-time job.

Is Peekskill cheap or expensive?

Peekskill is rated Expensive: rent takes 31.4% of the typical household income of $92,701. It ranks 208th cheapest of 343 New York cities we track.

How much are property taxes in Peekskill?

The median homeowner in Peekskill pays $7,842 a year in property taxes, about 1.98% of the median home value.

Is Peekskill 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 Peekskill?

The median home value in Peekskill is $395,600, about 4.3 times the typical yearly household income.

25,625 people live in Peekskill. Numbers are typical (middle) values.