How much rent can you afford in Montauk, NY?
Run your salary against Montauk's current rent, or find the income you'd need for a target rent. Powered by live RentDataNow medians.
The 30% rent rule, in Montauk
At a median rent of $27,500/mo, Montauk is expensive when measured against Montauk median household income of $142,961/yr. Rent would consume roughly 231% of pre-tax income, and a salary of about $1,100,000 keeps rent at the recommended 30% threshold.
How Montauk compares nearby
Median rent for the closest cities with data.
Frequently asked
How much rent can I afford in Montauk?
On a $142,961 salary (the Montauk median household income), the recommended ceiling is 30% of pre-tax income, or about $3,574/mo. Montauk's median rent is $27,500/mo. Use the calculator on this page to run your own salary.
What salary do I need to live in Montauk?
To keep Montauk's $27,500/mo median rent under 30% of income, you'd need about $1,100,000/yr. Lower your target share (e.g. 25%) to need more, or raise it (e.g. 40%) to need less.
Is Montauk affordable on the median New York income?
Montauk is expensive on a $142,961 income. Rent would take 231% of pre-tax pay, outside the recommended 30% threshold.
What's the 30% rent rule?
The 30% rule is a long-standing budgeting guideline that keeps rent at or below 30% of gross (pre-tax) income. It leaves enough room for utilities, transit, savings, and debt service. In high-cost markets, many renters exceed 30%, and the Census Bureau classifies households paying more than 30% of income on rent as "cost-burdened".