Quick facts: Moira, NY

Quick Facts

113.7
Cost of Living
above US average
2,811
Population
5.34
Crime Rate per 1000
below US average
$55,000
Median Income
below US average
$190,000
Median House Price
above US average
$2943
Average Rent
above 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 $55,000.

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Income Needed to Buy

βœ— Stretch
$60k/year
Based on $190,000 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $60k vs median $55,000
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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 $55,000
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Moira, NY

Moira, located in Franklin County, New York, is a small, rural town characterized by its picturesque landscapes and tight-knit community. Nestled in the northern part of the state, Moira is part of the scenic Adirondack region, offering residents and visitors access to a wealth of outdoor activities, including hiking, fishing, and snowmobiling. The town is primarily residential, with a population that enjoys a tranquil lifestyle, away from the hustle and bustle of city living. Notable for its welcoming atmosphere, local events and community gatherings play a significant role in bringing residents together. Moira's economy is largely based on agriculture and local businesses, with a focus on preserving the natural beauty of the area. The surrounding countryside is filled with lush forests and rivers, making it an ideal spot for those who appreciate nature. Although Moira may not have the amenities of larger towns, its charm lies in its simplicity and the warmth of its community. The town embodies the essence of rural living in Upstate New York, providing a peaceful retreat for those looking to escape to the great outdoors.

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