Quick facts: Newcomb, NY

Quick Facts

113.7
Cost of Living
above US average
409
Population
12.22
Crime Rate per 1000
below US average
$50,000
Median Income
below US average
$225,000
Median House Price
above US average
$2943
Average Rent
above US average
10%
Poverty Rate
below US average
4.0%
Unemployment Rate
below 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 $50,000.

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Income Needed to Buy

βœ— Stretch
$71k/year
Based on $225,000 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $71k vs median $50,000
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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 $50,000
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Newcomb, NY

Newcomb is a small town located in Essex County, New York, nestled within the picturesque Adirondack Mountains. With a population of around 400 residents, it offers a tranquil setting characterized by stunning natural beauty. The town is surrounded by vast forests, lakes, and mountains, making it a haven for outdoor enthusiasts. Newcomb is home to several hiking trails, including the famous High Peaks region, offering breathtaking views and a variety of wildlife. The nearby Blue Mountain Lake and the Hudson River enhance the area's recreational opportunities, including fishing, kayaking, and camping. In winter, visitors can enjoy snowshoeing and skiing in the surrounding areas. The town has a rich history, contributing to the region's logging and tourism industries, and features sites like the Newcomb Historical Museum. Newcomb is known for its commitment to conservation and sustainability, aiming to protect its natural resources while providing a welcoming community atmosphere. Overall, Newcomb is perfect for those seeking solitude and adventure in a serene, nature-filled environment.

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