Quick facts: Conklin, NY

Quick Facts

113.7
Cost of Living
above US average
5,170
Population
23.21
Crime Rate per 1000
above US average
$70,625
Median Income
below US average
$230,500
Median House Price
above US average
$2943
Average Rent
above US average
5%
Poverty Rate
below US average
3.5%
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 $70,625.

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Income Needed to Buy

βœ— Stretch
$72k/year
Based on $230,500 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $72k vs median $70,625
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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 $70,625
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Conklin, NY

Conklin is a charming town located in Broome County, New York. Nestled along the banks of the Chenango River, this small community offers a serene atmosphere with a population of around 5,000 residents. The town is primarily residential, featuring a mix of quaint homes and serene landscapes. Conklin is known for its suburban feel and has a family-friendly environment, making it an attractive place for families and individuals seeking a quieter lifestyle. The town is characterized by its close-knit community, where residents often engage in local events and activities. Nearby, the city of Binghamton provides larger urban amenities, including shopping, dining, and entertainment options. Outdoor enthusiasts will appreciate the surrounding natural beauty, with opportunities for hiking, fishing, and exploring local parks. With its rich history, Conklin offers a peaceful retreat while remaining accessible to the cultural and recreational attractions of the larger Binghamton area. Overall, Conklin embodies a unique blend of small-town charm and proximity to urban conveniences.

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