Ranked from ACS 2023 5-Year
Counties Where Renting Costs Far Less Than Owning in New York
The widest gaps between median rent and the full monthly cost of owning the median home. A large gap does not automatically mean renting is the better decision, because rent buys no equity and is not fixed for thirty years, but it does show where the market prices ownership at a steep premium.
New York ranked
| # | County | Monthly saved by renting | Median rent | Monthly to own |
|---|---|---|---|---|
| 1 | New York County | $6,028 | $2,132 | $8,160 |
| 2 | Kings County | $4,652 | $1,784 | $6,436 |
| 3 | Queens County | $3,304 | $1,915 | $5,219 |
| 4 | Westchester County | $3,277 | $1,876 | $5,153 |
| 5 | Richmond County | $3,265 | $1,689 | $4,954 |
| 6 | Nassau County | $3,087 | $2,195 | $5,282 |
| 7 | Rockland County | $2,853 | $1,826 | $4,679 |
| 8 | Bronx County | $2,550 | $1,436 | $3,986 |
| 9 | Suffolk County | $2,331 | $2,190 | $4,521 |
| 10 | Putnam County | $2,112 | $1,824 | $3,936 |
| 11 | Dutchess County | $1,672 | $1,522 | $3,194 |
| 12 | Orange County | $1,650 | $1,602 | $3,252 |
| 13 | Ulster County | $1,428 | $1,335 | $2,763 |
| 14 | Columbia County | $1,420 | $1,199 | $2,619 |
| 15 | Saratoga County | $1,371 | $1,347 | $2,718 |
| 16 | Albany County | $1,198 | $1,252 | $2,450 |
| 17 | Greene County | $1,176 | $993 | $2,169 |
| 18 | Sullivan County | $1,164 | $999 | $2,163 |
| 19 | Tompkins County | $1,131 | $1,374 | $2,505 |
| 20 | Hamilton County | $1,123 | $860 | $1,983 |
| 21 | Rensselaer County | $1,065 | $1,182 | $2,247 |
| 22 | Warren County | $1,048 | $1,089 | $2,137 |
| 23 | Erie County | $968 | $1,037 | $2,005 |
| 24 | Schenectady County | $963 | $1,159 | $2,122 |
| 25 | Essex County | $886 | $890 | $1,776 |
| 26 | Yates County | $859 | $802 | $1,661 |
| 27 | Niagara County | $840 | $870 | $1,710 |
| 28 | Monroe County | $830 | $1,126 | $1,956 |
| 29 | Schoharie County | $817 | $916 | $1,733 |
| 30 | Madison County | $816 | $891 | $1,707 |
| 31 | Ontario County | $781 | $1,126 | $1,907 |
| 32 | Delaware County | $772 | $848 | $1,620 |
| 33 | Livingston County | $759 | $912 | $1,671 |
| 34 | Onondaga County | $757 | $1,067 | $1,824 |
| 35 | Washington County | $742 | $1,000 | $1,742 |
| 36 | Wyoming County | $742 | $782 | $1,524 |
| 37 | Oneida County | $719 | $917 | $1,636 |
| 38 | Cayuga County | $706 | $895 | $1,601 |
| 39 | Wayne County | $702 | $929 | $1,631 |
| 40 | Clinton County | $690 | $956 | $1,646 |
| 41 | Schuyler County | $688 | $858 | $1,546 |
| 42 | Cortland County | $687 | $911 | $1,598 |
| 43 | Genesee County | $668 | $909 | $1,577 |
| 44 | Otsego County | $664 | $942 | $1,606 |
| 45 | Lewis County | $651 | $821 | $1,472 |
| 46 | Fulton County | $631 | $883 | $1,514 |
| 47 | Tioga County | $616 | $914 | $1,530 |
| 48 | Broome County | $571 | $914 | $1,485 |
| 49 | Herkimer County | $546 | $811 | $1,357 |
| 50 | Montgomery County | $525 | $921 | $1,446 |
| 51 | Seneca County | $498 | $925 | $1,423 |
| 52 | Chenango County | $494 | $819 | $1,313 |
| 53 | Oswego County | $488 | $943 | $1,431 |
| 54 | Orleans County | $483 | $877 | $1,360 |
| 55 | Steuben County | $453 | $878 | $1,331 |
| 56 | Franklin County | $443 | $819 | $1,262 |
| 57 | Chautauqua County | $441 | $797 | $1,238 |
| 58 | St. Lawrence County | $433 | $799 | $1,232 |
| 59 | Cattaraugus County | $425 | $759 | $1,184 |
| 60 | Jefferson County | $419 | $1,214 | $1,633 |
| 61 | Allegany County | $351 | $754 | $1,105 |
| 62 | Chemung County | $341 | $1,020 | $1,361 |
Every figure is modelled on the county's own median home with 20% down at 7.03%. Property tax and electricity are county and state specific; homeowners insurance uses the NAIC average premium for that state, which ranges from 0.16% of home value in Hawaii to 1.16% in Oklahoma. Maintenance and water are national estimates. Full methodology.
Nationwide
Counties Where Renting Costs Far Less Than Owning across all 3,133 US counties · Every county in New York