Quick facts: Freedom, NY

Quick Facts

113.7
Cost of Living
above US average
2,299
Population
4.35
Crime Rate per 1000
below US average
$75,000
Median Income
below US average
$299,900
Median House Price
above US average
$2943
Average Rent
above US average
5%
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 $75,000.

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Income Needed to Buy

βœ— Stretch
$94k/year
Based on $299,900 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $94k vs median $75,000
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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 $75,000
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Freedom, NY

Freedom is a small town located in Cattaraugus County, New York. Nestled in the scenic Western New York region, it offers a tranquil rural atmosphere with picturesque landscapes. The town is characterized by its rolling hills, serene farmland, and wooded areas, making it an appealing spot for those who appreciate nature and outdoor activities. Established in the early 19th century, Freedom has a rich history, reflected in its charming, small-town vibe. While it may not boast extensive commercial development, the local community is tight-knit, with events and activities that foster connections among residents. The town’s proximity to larger cities like Buffalo and Rochester allows for easy access to urban amenities while providing a peaceful retreat away from the hustle and bustle. Outdoor enthusiasts can explore nearby parks and trails, while the local economy is primarily based on agriculture and small businesses. Overall, Freedom, NY, serves as a quaint escape that captures the charm of rural America, making it an ideal place for those seeking peace and community.

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