Are you thinking of moving to Rye, NY? How much does it cost to live in Rye? Does it really cost more than $16,000 a month for a family to live in Rye?
It’s expensive to live in Rye. It cost $16,527.36 for a family of four to live in Rye, NY! Keep reading to find out how we came up with this number. Rye is one of the wealthiest towns in Westchester County with a mean income of $364,543.
When it comes to living in Rye, there are many factors to consider. You will have to take into account the cost of commuting, transportation expenses, housing expenses and home maintenance expenses.
For those of you with kids, you will have to take into account childcare, after school enrichment activities, preschool tuition and other child-related expenses.
Use our Rye Cost of Living Calculator below to find out how much it will cost for you to live in Rye.
Check out: The Truth About Living in Rye, NY
Rye Cost of Living: Commute and Transportation Expense
How Much Does It Cost to Take the Metro North from Rye to New York City?
Many Rye residents commute to NYC for work. They usually take the Metro North train to NYC. Rye Metro North train station is conveniently located within walking distance of downtown Rye.
If you take the Metro North train every day, you can buy a monthly pass. The monthly Metro North ticket from Rye to NYC is $250.25.
How Much Does It Cost to Park at the Rye Metro North Train station?
The annual parking permit at the Rye Metro train station is $1,000 a year which comes out to $83.30 a month.
In our Rye cost of living calculator below, we used $334.25 per month as the monthly cost for both the monthly Metro-North train ticket and the Metro-North train station parking.
How Much Does It Cost to Own a Car in Rye, NY?
Many families in Rye own at least 2 cars. Keep in mind it is also not uncommon for families in Westchester to have 3 cars, the 3rd car is for the babysitter or Au Pair. If you have a teenager, the 3rd car is for your teenager.
In our Rye Cost of Living Calculator below, the monthly cost to own a car in Rye is $639 per car. This includes car payments, insurance, gas, and tolls. We priced out a $450 per month lease which can get you a Toyota Highlander.
Rye Cost of Living: Childcare Expense
How Much Does Childcare Cost in Rye, NY?
Childcare is a big expense for families in Rye with young children. Fortunately for families in Rye, there are many childcare options available to families. You can enroll your child in a Daycare program, or hire babysitters, or a live-in au pair.
How Much Does Daycare Cost in Rye, NY?
You can enroll your child in a full-time daycare in Rye which will cost approximately $2000 a month.
How Much Does it Cost to Hire Babysitters in Rye, NY?
Live-out Babysitters in Rye can range from $15-$25 per hour. Depending on your household arrangement, you may have 2 full-time working parents so you will need a full-time babysitter.
Families with a stay-at-home parent might only need help on a part-time basis. Many families that have kids in school may only need an after-school sitter to drive the kids to after-school sports and enrichment activities.
Or there are families who have their kids in daycare and will only need occasional babysitting on the weekends.
In our Rye Cost of Living Calculator below, we broke down the babysitter option to Full time (40 hours/week), Part-Time (20 Hours/Week), or Occasional (5 Hours/Week) based on a rate of $20 per hour.
Check out our article: 8 Reasons to Move to Rye, New York
How Much Does It Cost to Have Au Pairs in Rye?
The third childcare option is to have an Au Pair. Au Pairs are a great value because they generally cost $800 a month and $9000 fees so around $18,600 per year and you can get 45 hours a week of childcare.
However, Au Pairs live in your house so you will have to take into account housing expenses, food expenses, cellphone subscription expenses, and other miscellaneous expenses associated with having an extra person living in your home.
In our Rye Cost of Living Calculator, we used $1800 per month for the monthly Au Pair expense which includes the Au Pair fee and living expenses.
How Much is Preschool Tuition in Rye?
Preschool tuition in Rye varies by the number of days and the type of preschool.
For example, at Rye Presbyterian Nursery School (RPNS), 5 days of Preschool tuition is $8,780 a year while at Rye Nature Center, 5 days of Preschool tuition is $11,900 a year.
In our Rye Cost of Living Calculator, we used $900 per month for preschool tuition.
Need help finding a Preschool or Daycare in Rye? Check out our Guide to Preschools in Rye
How Much Is Private School Tuition in Rye?
We also included Private School tuition in our calculator below. It is not uncommon for families to start off at the public school system and then later move their kids to private school, so we included private school tuition as a field in the calculator below. The Private School tuition is $40,000 a year or $3,333 per month.
How Much Does Sport and After School Enrichment Cost in Rye?
Many families move to Rye for the top-rated public school system. However, even if you send your child to Public School, you will most likely incur some tuition and enrichment expenses.
It is common for children in Rye to be enrolled in some type of enrichment program either after school or during the weekend.
In our Rye Cost of Living Calculator, we used $144 per month as the cost for enrichment if your child is enrolled in a 1x a week sports program or enrichment class.
We calculated the cost of after school programs and enrichment based on $36 per class (enrichment and sports classes can vary from $25 per class to $50+ per class depending on what sports you do and if it is a private lesson or group lesson).
Find out what it’s like to live in Rye with our interview with a local Rye mom, Lisa
Rye Cost of Living: Health and Fitness Expense
How much are Gym Memberships in Rye?
Many families are members of a local gym, the price will depend on the gym and the type of membership. SoulCycle is $360 for 10 classes while a family membership at Lifetime Fitness is $539 a month.
For the Rye Cost of Living Calculator, we used $300 per month for a family gym membership.
Rye Cost of Living: Housing Expense
In the Rye Cost of Living Calculator, you will see that there is a mortgage calculator component. This is so you can include your monthly housing payment with homeowners insurance and real estate tax.
If you don’t know the cost of your homeowner’s insurance or property taxes, you can use the preset number in the field.
How Much is Home Maintenance and Utilities in Rye?
Our Rye Cost of Living Calculator will not be complete without including home maintenance and monthly utilities. Utilities include water, gas, electric, and cable/internet.
Home maintenance includes home repairs and exterior maintenance such as landscaping, snow shoveling, and Tick and Mosquito spray for the yard.
In our Rye Cost Calculator below, the exterior maintenance is based on $433.33 per month for a 1-acre yard and home repairs and Utilities are based on $0.17 per square foot per month.
Find out what it’s like to live in Rye with our interview with local Rye mom, Zineb
How Much Does it Cost for a Family of Four to Live in Rye, NY?
How much does it cost for a family of four to live in Rye? Let’s price out the cost of living for a family of four in Rye.
Let’s say one child is in preschool and the other one is enrolled at Rye’s public school. The older child is enrolled in after-school enrichment programs 2x a week.
They have a part-time babysitter that helps out for 20 hours a week. The family has a housekeeper that comes in to clean the house once a week.
They live in a 2700 square feet home in Rye on a 0.3-acre lot. They have a 30-year mortgage on their $1,595,000 home* (loan amount is $1,276,000) with taxes of $23,117 a year and homeowners insurance of $4200 a year.
Our Rye family owns 2 cars. Dad commutes to NYC, he takes the Metro North train to Manhattan. Mom is a stay at home mom. And they have a gym membership at a local gym.
According to our Rye Cost of Living Calculator, it will cost a family of four $16,527.36 per month to live in Rye. Remember this covers only housing expenses, transportation expenses and childcare expenses. It doesn’t even include food, family vacations, clothing, entertainment, country club fees and other miscellaneous expenses!
*Home price, real estate taxes, square feet and lot size is based on an actual home in Rye, NY. We used 6.85% as our mortgage interest rate. We also picked a home that is close to the median sales price of homes.
Rye Cost of Living Calculator
Use the Rye Cost of Living Calculator below to find out how much it costs to live in Rye. Use the slider and fill in the fields with your information.
If you leave a field blank or keep the slider at zero, it will not include that field in the total monthly calculation.
We’ve prefilled the Mortgage loan amount, interest rate, real estate tax, and homeowners insurance, feel free to change it.
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