Quick facts: New york mills, NY

Quick Facts

113.7
Cost of Living
above US average
3,211
Population
18.69
Crime Rate per 1000
below US average
$55,000
Median Income
below US average
$209,900
Median House Price
above US average
$1750.0
Average Rent
above US average
10%
Poverty Rate
below US average
3.5%
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 $55,000.

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Income Needed to Buy

βœ— Stretch
$66k/year
Based on $209,900 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $66k vs median $55,000
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Income Needed to Rent

⚠ Stretch
$75k/year
Based on $1750.0/month average rent
Annual income where rent = 28% of gross
⚠️ Requires $75k 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 New york mills, NY

New York Mills is a charming village located in Oneida County, New York. Nestled within the Mohawk Valley, it is part of the Utica-Rome metropolitan area. This small community covers an area of approximately 1.2 square miles and boasts a friendly, hometown atmosphere that emphasizes community spirit and safety. The village is primarily residential, featuring a mix of single-family homes and multifamily units, making it a desirable place for families and individuals alike. The local economy is supported by a blend of small businesses, retail shops, and nearby larger employers in the surrounding areas. New York Mills is known for its picturesque scenery and access to outdoor recreational activities, with nearby parks and trails for hiking, biking, and enjoying nature. The community is also conveniently located near major highways, providing easy access to the larger cities of Utica and Rome, where residents can find additional amenities, entertainment, and cultural experiences. Education is served by the Oneida City School District, offering a range of options for students of all ages, contributing to the village's appeal for families. Overall, New York Mills offers a serene, community-focused lifestyle while being close to urban conveniences.

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