Can A Carpenter Afford Rent in Southampton, NY?
Rent-burdened — rent takes 302% of gross income.
Southampton rent: April 2020. Salary: BLS OEWS May 2024 (New York state estimate).
About rent and a carpenter salary
Carpenter pay sits modestly above the US median household income and covers comfortable rent in most lower- and mid-cost metros. Union carpenters in high-cost cities often earn well above the BLS mean. At the national-average carpenter salary, the 30% rule supports about $1,524 a month in rent.
Cheaper rent nearby
These New York cities have lower median rent than Southampton, which improves the affordability math on a carpenter salary:
Compare with full rent data for Southampton
View full rent data for Southampton, NY →Frequently asked questions
Can a carpenter afford rent in Southampton, NY?
Median rent in Southampton is $17,483 a month. A typical carpenter in New York earns about $69,472 a year, which makes that rent 302% of gross monthly income. Under the 30% rule, the answer is no — rent exceeds the 30% threshold.
How much rent can a carpenter afford in Southampton?
Using the 30% rule, a carpenter salary in New York (~$69,472/yr) supports up to $1,737 a month in rent. Southampton's current median rent is $17,483/mo, which is $15,746/mo over the affordability threshold.
How many hours does a carpenter work to cover rent in Southampton?
At an hourly equivalent of about $33 an hour, a carpenter in New York works roughly 523.4 hours a month to cover Southampton's median rent of $17,483.
Where is rent cheaper than Southampton for a carpenter?
Nearby New York cities with lower median rent include Hampton Bays ($16,499/mo), Southold ($16,250/mo), Hampton Bays ($13,103/mo). Each shifts the affordability math materially on a carpenter salary.