Quick facts: Camden, NY

Quick Facts

113.7
Cost of Living
above US average
4,934
Population
3.04
Crime Rate per 1000
below US average
$58,000
Median Income
below US average
$89,900
Median House Price
above US average
$1250.0
Average Rent
below 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 $58,000.

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Income Needed to Buy

βœ“ Affordable
$28k/year
Based on $89,900 median home price
Assumes 30-year mortgage at 7% with 20% down payment
πŸ“Š Median income ($58,000) exceeds requirement
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Income Needed to Rent

βœ“ Affordable
$54k/year
Based on $1250.0/month average rent
Annual income where rent = 28% of gross
πŸ“Š Median income ($58,000) exceeds requirement
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Camden, NY

Camden is a quaint village located within Oneida County in upstate New York, with a population of around 1,200 residents. It lies in the picturesque rural landscape of the Mohawk Valley and is known for its friendly atmosphere and small-town charm. The village serves as a central hub for the surrounding agricultural community and offers a tight-knit environment, making it a great place for families and individuals seeking a slower pace of life. Founded in the early 19th century, Camden features a blend of historic architecture and modern amenities. The local economy is primarily driven by agriculture, light manufacturing, and retail. Outdoor enthusiasts are drawn to the area for its access to various recreational activities, including hiking, fishing, and snowmobiling, particularly in the nearby Adirondack Mountains. Camden is part of the Adirondack Central School District and provides educational opportunities for local children. The village also hosts events throughout the year, fostering a sense of community and celebrating local traditions. With its rich history, scenic surroundings, and welcoming community, Camden embodies the charm of rural New York living.

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