Quick facts: Cortland, NY

Quick Facts

113.7
Cost of Living
above US average
17,314
Population
39.16
Crime Rate per 1000
above US average
$55,042
Median Income
below US average
$189,900
Median House Price
above US average
$1995.85
Average Rent
above US average
12%
Poverty Rate
above US average
5.1%
Unemployment Rate
above 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 $55,042.

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Income Needed to Buy

βœ— Stretch
$60k/year
Based on $189,900 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $60k vs median $55,042
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Income Needed to Rent

⚠ Stretch
$86k/year
Based on $1995.85/month average rent
Annual income where rent = 28% of gross
⚠️ Requires $86k vs median $55,042
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Cortland, NY

Cortland, located in central New York, is a charming city known for its rich history and vibrant community. As the county seat of Cortland County, it offers a mix of small-town charm and access to outdoor activities, thanks to its proximity to scenic landscapes and parks. Cortland features a diverse range of historical architecture, with several buildings dating back to the 19th century, contributing to its quaint atmosphere. The city is home to SUNY Cortland, a public university that enhances the local culture and economy while providing educational opportunities for students from various backgrounds. This university campus hosts numerous events, sports, and cultural activities, making it a lively center for the community. Cortland also boasts beautiful parks and recreational areas, such as Dwyer Park and the nearby Finger Lakes region, which is well-known for its lakes, hiking trails, and wineries. The city's vibrant downtown area features local shops, restaurants, and cafes, catering to residents and visitors alike. Overall, Cortland is an inviting destination that blends natural beauty with a rich cultural scene.

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