Cost of Living in Cortland, NY
Housing
The housing market plays a significant role in determining the cost of living in Cortland, NY.
- Housing Index: 118.8 / 100
- Median Home Price is: $185,000
- Average Rent (2 BR Apartment): $1172 per month
- Average Rent (2 BR House): $1273 per month
Considering a move to Cortland, NY? With a housing index of 118.8, the area is slightly below the national average, indicating affordability. The median home price of 185000 coupled with monthly average rents of 1172 for a 2-bedroom apartment and 1273 for a 2-bedroom house highlights diverse options for living arrangements. Statistically, neighborhoods with these metrics often appeal to both first-time homebuyers and renters seeking balanced financial commitments. Assess your budget and preferences, as this location offers promising opportunities in housing affordability and investment potential.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Cortland, NY.
- Electricity Price: $26.08 USD (median by state)
- Natural Gas Price: $18.13 USD per Thousand Cubic Feet (median by state)
- Other Utilities (water, garbage, etc.): $259 per month
Living in Cortland, NY could entail higher utility costs. Electricity costs sit at $26.08, while natural gas is priced at $18.13 per Thousand Cubic Feet — both aligning with state medians. Expect to budget about $259 monthly for other services like water and garbage. These utility expenses are vital considerations as they directly influence monthly living costs. Comparing these rates to other cities may help ascertain if Cortland is a financially viable option for your relocation.