Cost of Living in Grand island, NY
Housing
The housing market plays a significant role in determining the cost of living in Grand island, NY.
- Housing Index: 118.8 / 100
- Median Home Price is: $350,000
- Average Rent (2 BR Apartment): $1394 per month
- Average Rent (2 BR House): $1515 per month
Considering a move to Grand island, NY? The housing index currently at 118.8 indicates strong affordability. With a median home price of 350000, there’s potential for investment value, especially if the market trends upward. However, it's important to note that average rents for both 2-bedroom apartments and houses are currently at 1394 and 1515, respectively, suggesting rent might not be competitive. When forecasting your future financials, research local amenities, schools, and job markets that can also affect both rental and home values.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Grand island, 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 Grand island, 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 Grand island is a financially viable option for your relocation.