Newburgh, NY vs Troy, NY

There is a significant gap in the cost of living between these two cities. Troy is 15.8% cheaper than Newburgh. With a cost index of 85 vs 98, the difference would have a meaningful impact on a household's monthly budget. Someone relocating from Troy to Newburgh should plan for substantially higher expenses across most categories.

On the housing front, median rent in Newburgh is $1,363/month compared to $1,134/month in Troy — a 20% difference. Home values follow the same pattern: Troy is more affordable at $192,500 median vs $221,100.

Median household income in Newburgh is $51,006 compared to $57,688 in Troy (-11.6%). Troy offers a double advantage: higher earnings combined with a lower cost of living, giving residents significantly more purchasing power. Looking at affordability, residents of Newburgh spend roughly 32.1% of their income on rent, more than the 23.6% in Troy. The Troy ratio exceeds the commonly recommended 30% threshold, which can put pressure on household budgets.