Fairmount, NY vs Newburgh, NY

Fairmount is moderately more affordable than Newburgh, with a 13.3% lower cost of living index. Fairmount scores 85 compared to 98 for Newburgh, where the US average is 100. This difference means residents of Newburgh can expect to pay noticeably more for everyday expenses, housing, and services.

On the housing front, median rent in Fairmount is $1,226/month compared to $1,363/month in Newburgh — a 10% difference. Home values follow the same pattern: Fairmount is more affordable at $173,400 median vs $221,100.

Median household income in Fairmount is $82,968 compared to $51,006 in Newburgh (+62.7%). Fairmount offers a double advantage: higher earnings combined with a lower cost of living, giving residents significantly more purchasing power. Looking at affordability, residents of Fairmount spend roughly 17.7% of their income on rent, less than the 32.1% in Newburgh. The Fairmount ratio exceeds the commonly recommended 30% threshold, which can put pressure on household budgets.

Climate-wise, both cities share similar average temperatures (48.5°F vs 50.5°F). Newburgh receives more rainfall at 41.9" per year compared to 39.9" in Fairmount.