Quick facts: Edmeston, NY

Quick Facts

113.7
Cost of Living
above US average
1,826
Population
6.57
Crime Rate per 1000
below US average
$65,000
Median Income
below US average
$256,900
Median House Price
above US average
$1300.0
Average Rent
below US average
10%
Poverty Rate
below US average
5.0%
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 $65,000.

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Income Needed to Buy

βœ— Stretch
$81k/year
Based on $256,900 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $81k vs median $65,000
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Income Needed to Rent

βœ“ Affordable
$56k/year
Based on $1300.0/month average rent
Annual income where rent = 28% of gross
πŸ“Š Median income ($65,000) exceeds requirement
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Edmeston, NY

Edmeston is a quaint town located in Otsego County, New York. With a population of just over 1,500 residents, Edmeston is characterized by its small-town charm and rural atmosphere. It covers approximately 30 square miles and features picturesque landscapes, including rolling hills and expansive farmland. The town was established in the early 19th century and has a rich history tied to agriculture. Its rural setting offers residents a peaceful lifestyle, often appealing to those looking to escape the hustle and bustle of urban living. Edmeston is known for its tight-knit community, where local events and gatherings foster a sense of belonging. Outdoor enthusiasts can enjoy various recreational activities, including hiking, fishing, and exploring nearby natural parks. The town's location provides convenient access to larger cities like Cooperstown and Oneonta, both of which offer shopping, dining, and cultural experiences. Local amenities include a few shops and eateries, with more options available in surrounding towns. Edmeston embodies a serene, pastoral lifestyle while still being within reach of urban conveniences, making it a unique place to live or visit.

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