Quick facts: Coeymans, NY

Quick Facts

113.7
Cost of Living
above US average
7,308
Population
8.21
Crime Rate per 1000
below US average
$65,000
Median Income
below US average
$108,045
Median House Price
above US average
$2943
Average Rent
above US average
8%
Poverty Rate
below US average
4.5%
Unemployment Rate
above US average

πŸ’΅ Affordability Calculator

Based on the 28/36 rule: housing costs should not exceed 28% of your gross income. Compared against local median income of $65,000.

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Income Needed to Buy

βœ“ Affordable
$34k/year
Based on $108,045 median home price
Assumes 30-year mortgage at 7% with 20% down payment
πŸ“Š Median income ($65,000) exceeds requirement
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Income Needed to Rent

⚠ Stretch
$126k/year
Based on $2943/month average rent
Annual income where rent = 28% of gross
⚠️ Requires $126k vs median $65,000
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Coeymans, NY

Coeymans is a charming town located in Albany County, New York, nestled along the picturesque banks of the Hudson River. With a rich history dating back to the 17th century, it offers a blend of scenic beauty and small-town charm. The town is characterized by its mix of residential areas, recreational spaces, and historical landmarks, making it an attractive place for both families and individuals seeking a peaceful lifestyle. Coeymans is known for its outdoor activities, with access to nearby parks and the river providing opportunities for kayaking, fishing, and hiking. The town is also home to a number of local businesses, restaurants, and shops that cater to the community, enhancing its quaint atmosphere. Notably, the town has a close-knit community feel, with various local events and gatherings throughout the year, fostering a sense of belonging among residents. Its proximity to the state capital, Albany, offers residents the convenience of urban amenities while enjoying the tranquility of a suburban environment. Overall, Coeymans embodies a unique blend of history, nature, and community spirit.

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