Quick facts: North bangor, NY

Quick Facts

113.7
Cost of Living
above US average
134
Population
37.31
Crime Rate per 1000
above US average
$53,333
Median Income
below US average
$140,000
Median House Price
above US average
$2943
Average Rent
above US average
10%
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 $53,333.

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Income Needed to Buy

βœ“ Affordable
$44k/year
Based on $140,000 median home price
Assumes 30-year mortgage at 7% with 20% down payment
πŸ“Š Median income ($53,333) exceeds requirement
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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 $53,333
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for North bangor, NY

North Bangor is a small and charming hamlet located in Franklin County, New York. Nestled in the scenic Adirondack region, it offers a serene rural atmosphere, making it an excellent place for those seeking peace and natural beauty. The area is characterized by its lush forests, rolling hills, and proximity to numerous outdoor recreational opportunities, including hiking, fishing, and camping. North Bangor is part of the town of Bangor, which has a close-knit community feel and is primarily residential, providing a quiet lifestyle away from the hustle and bustle of larger cities. The hamlet showcases classic New England-style homes and local farms, reflecting its agricultural roots. The local economy is largely influenced by agriculture and small businesses. Residents benefit from the natural bounty of the region, with access to local produce and products. While North Bangor itself may not have extensive commercial offerings, nearby towns such as Malone provide additional amenities, including shopping, dining, and healthcare services. Overall, North Bangor is an ideal location for those who appreciate nature, tranquility, and a supportive community.

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