Quick facts: Machias, NY

Quick Facts

113.7
Cost of Living
above US average
2,375
Population
2.11
Crime Rate per 1000
below US average
$60,000
Median Income
below US average
$234,000
Median House Price
above US average
$2943
Average Rent
above US average
15%
Poverty Rate
above US average
4.5%
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 $60,000.

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Income Needed to Buy

βœ— Stretch
$73k/year
Based on $234,000 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $73k vs median $60,000
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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 $60,000
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Machias, NY

Machias is a charming town located in Cattaraugus County, New York. Nestled in the scenic Allegheny Highlands, it offers a picturesque rural landscape characterized by rolling hills and lush forests. The town has a rich history, with its origins dating back to the mid-19th century. It features a close-knit community atmosphere, making it an inviting place for families and individuals seeking a quieter lifestyle. Outdoor enthusiasts can explore the nearby state forests and parks, which provide ample opportunities for hiking, fishing, and enjoying nature. The surrounding area is also known for its beautiful fall foliage, attracting visitors during the autumn months. Machias maintains a small-town feel, with local shops and eateries that reflect its community spirit. Cultural events and local festivals often take place, fostering a sense of belonging among residents. Additionally, its location provides convenient access to larger towns and cities for broader amenities and services. Overall, Machias presents a blend of natural beauty, history, and community, making it a hidden gem in upstate New York.

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