Cost of Living in Jefferson Heights, NY

With a cost of living index of 98, Jefferson Heights, NY is slightly more affordable than average. Living here is 2% cheaper than the national average and 14% below the New York state average of 111. Jefferson Heights is a small community of 1,193 residents.

Housing costs are the biggest factor in Jefferson Heights's cost of living. The median monthly rent is $1,403 (6% above the US median of $1,319), and the median home value sits at $231,700 (24% below the national median of $304,900). At current prices, the median home costs roughly 3x the median household income — well within traditional affordability guidelines.

The median household income in Jefferson Heights is $77,813, which is 4% higher than the national median of $75,149. Residents spend roughly 22% of household income on rent. This is a comfortable ratio, well below the 30% threshold that financial experts recommend as a maximum.

Climate is another factor for anyone considering a move to Jefferson Heights. The area sees an average annual temperature of 48.6°F, with summers averaging 68°F and winters around 28°F. Annual rainfall totals 45.8 inches spread over roughly 142 days. Cold winters mean higher heating bills, an important cost-of-living consideration.

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.