Quick facts: Stanley, NY

Quick Facts

113.7
Cost of Living
above US average
177
Population
84.75
Crime Rate per 1000
above US average
$58,000
Median Income
below US average
$149,900
Median House Price
above US average
$1500.0
Average Rent
above US average
9%
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 $58,000.

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Income Needed to Buy

βœ“ Affordable
$47k/year
Based on $149,900 median home price
Assumes 30-year mortgage at 7% with 20% down payment
πŸ“Š Median income ($58,000) exceeds requirement
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Income Needed to Rent

⚠ Stretch
$64k/year
Based on $1500.0/month average rent
Annual income where rent = 28% of gross
⚠️ Requires $64k vs median $58,000
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Stanley, NY

Stanley, New York, is a charming small village located in Ontario County, within the Finger Lakes region of upstate New York. With a population of around 1,200 residents, it offers a tight-knit community atmosphere. Situated near the northern tip of Canandaigua Lake, Stanley is surrounded by stunning natural beauty, ideal for outdoor enthusiasts. The area is known for its picturesque landscapes, lovely farms, and abundant recreational activities such as hiking, boating, and fishing. Despite its small size, Stanley boasts a selection of local shops, eateries, and parks that cater to both residents and visitors. The nearby town of Canandaigua provides additional amenities, including shopping, dining, and cultural attractions like museums and art galleries. The region is rich in history, with notable wineries and the scenic Finger Lakes Wine Trail attracting tourists year-round. Stanley offers a peaceful rural lifestyle with easy access to larger urban areas, making it a perfect spot for those looking to escape the hustle and bustle while still enjoying the conveniences of nearby towns.

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