Yonkers Cost of Living

What living in Yonkers costs

Yonkers runs at 1.20x the US national average — 8 of the 99 other metros tracked here cost more, 90 cost less. A one-bedroom goes for about $2,100 a month, or $25,200 a year, and the median home sits near $600,000.

The price-to-rent ratio here is roughly 24, which is high. Above about 20, renting and investing the down payment usually beats buying over a normal holding period — the purchase price is steep relative to what the same property earns as a rental.

Working and living here

Yonkers is a metro of roughly 19.8M and roughly flat, running on healthcare, retail, finance (NYC-adjacent). Larger employers include Montefiore Nyack/St. John's Riverside Hospital, Consumer Reports, PepsiCo (nearby Purchase).

Two tax details that change take-home here: Yonkers levies a local income tax of about 1.96% on top of state and federal — roughly $1,962 a year on a $100,000 salary — and New York taxes income as well.

Getting around: Yonkers is workable without a car in many neighborhoods. Going car-free is realistic in parts of the metro, which is worth roughly $9,000 a year against a car-dependent city at the same rent.

Climate: Northeastern climate with cold winters near 28°F lows and warm humid summers with July highs near 84°F.

Yonkers imposes its own local income tax surcharge (roughly 16.75% of the state tax liability for residents) on top of New York State tax, one of only a few NY cities to do so.