Cost of Living in Haverstraw, NY

With a cost of living index of 122, Haverstraw, NY is a notably expensive place to live. Living here is 22% more expensive than the national average and 11% above the New York state average of 111. Haverstraw is a smaller community of 12,273 residents, where everyday costs can differ substantially from nearby larger cities.

Housing costs are the biggest factor in Haverstraw's cost of living. The median monthly rent is $1,741 (32% above the US median of $1,319), and the median home value sits at $361,800 (19% above the national median of $304,900). At current prices, the median home costs roughly 5.4x the median household income — a stretch for many buyers, though not uncommon in today's market.

The median household income in Haverstraw is $67,447, which is 10% lower than the national median of $75,149. Residents spend roughly 31% of household income on rent. This exceeds the recommended 30% threshold, meaning many renters here are cost-burdened.

Climate is another factor for anyone considering a move to Haverstraw. The area sees an average annual temperature of 52°F, with summers averaging 72°F and winters around 32°F. Annual rainfall totals 47.8 inches spread over roughly 124 days.

Everyday prices in the New York-Newark-Jersey City, NY-NJ (Metropolitan Statistical Area) metro area tend to run above the national average. Out of 6 common grocery and utility items tracked by the Bureau of Labor Statistics, 6 are priced higher than the US average. These real-world prices — from groceries to electricity — add up and should be factored into any cost of living comparison.

Data sources: US Census Bureau (ACS 2023), Zillow Home Values, HUD Fair Market Rents, BEA Regional Price Parities, BLS Average Prices, and NOAA Climate Normals. Updated monthly.