Key Economic Benchmarks
Median Household Income
$60,741$5,062 per month · U.S. Census Bureau ACS 5-YearFair market rent & 30% rule in Poughkeepsie, NY
Official HUD Fair Market Rents evaluated against local household income benchmarks.
2026 HUD Fair Market Rent Schedule: Poughkeepsie, NY
Official FY2026 HUD Fair Market Rents for Kiryas Joel-Poughkeepsie-Newburgh, NY MSA. Under the federal 30% housing affordability standard, housing costs are sustainable when they consume 30% or less of gross household income.
| Unit Size | Monthly Rent | Annual Rent | 30% Rule Min. Income | % of Median Income |
|---|---|---|---|---|
| Studio / Efficiency | $1,364 | $16,368 | $54,560 | 26.9% |
| 1-Bedroom Apartment | $1,549 | $18,588 | $61,960 | 30.6% |
| 2-Bedroom ApartmentBenchmark | $1,979 | $23,748 | $79,160 | 39.1% |
| 3-Bedroom Home | $2,511 | $30,132 | $100,440 | 49.6% |
| 4-Bedroom Home | $2,694 | $32,328 | $107,760 | 53.2% |
50/30/20 Living Budget in Poughkeepsie, NY
Based on the local median household income of $60,741/year ($5,062/month), here is how a balanced budget allocates expenses:
Take-Home Pay & Tax Explorer in New York
Explore net income after federal income tax, FICA, and New York state income tax based on the local median baseline.
Related Regional & Financial Profiles
Compare earnings and living costs across New York with official federal datasets:
Frequently Asked Questions About Living in Poughkeepsie, NY
What is the median household income in Poughkeepsie, NY?
According to the latest U.S. Census Bureau ACS 5-Year survey, the median household income in Poughkeepsie, NY is $60,741 per year (approximately $5,062 per month).
What is the average rent in Poughkeepsie, NY?
According to HUD Fair Market Rent (FMR) benchmarks for 2026, standard monthly rents in Poughkeepsie, NY are $1,364 for a studio, $1,549 for 1 bedroom, $1,979 for 2 bedrooms, $2,511 for 3 bedrooms, and $2,694 for 4 bedrooms.
How does the cost of living in Poughkeepsie, NY compare to the national average?
Based on the Bureau of Economic Analysis (BEA) Regional Price Parity index, the general price level in Poughkeepsie, NY is 109.4 (9.4% higher than the U.S. national baseline of 100.0).
How much do you need to earn to comfortably afford rent in Poughkeepsie, NY?
Under the standard 30% housing affordability standard, renting a median 2-bedroom home ($1,979/month) in Poughkeepsie, NY requires a minimum gross household income of $79,160 per year ($6,597 per month).
What is a balanced 50/30/20 monthly budget in Poughkeepsie, NY?
For a typical household earning the median income of $60,741/year ($5,062/month) in Poughkeepsie, NY, a balanced 50/30/20 budget allocates $2,531/month to essential needs (rent, utilities, groceries), $1,519/month to discretionary spending, and $1,012/month to savings and debt repayment.
What are typical electricity and utility costs in Poughkeepsie, NY?
Residential electricity rates in New York average 29.5¢ per kWh according to the U.S. Energy Information Administration (EIA). For an average home using 900 kWh per month, the estimated electric bill is approximately $265 per month.