Cost of Living in Waddington, NY
Housing
The housing market plays a significant role in determining the cost of living in Waddington, NY.
- Housing Index: 118.8 / 100
- Median Home Price is: $156,000
- Average Rent (2 BR Apartment): $2943 per month
- Average Rent (2 BR House): $3199 per month
Analyzing the data for Waddington, NY, we see a housing index of 118.8, indicative of a uniquely affordable market. The median home price stands at just 156000, making homeownership accessible compared to many regions. Although average rents for 2BR apartments and houses are currently reported as 2943 and 3199, it’s important to note that low renting options suggest minimal upward pressure on prices. Prioritizing affordability and potential growth, Waddington presents a viable opportunity for those considering moving, alongside the stability often found in smaller markets.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Waddington, NY.
- Electricity Price: $26.08 USD (median by state)
- Natural Gas Price: $18.13 USD per Thousand Cubic Feet (median by state)
- Other Utilities (water, garbage, etc.): $259 per month
Living in Waddington, NY could entail higher utility costs. Electricity costs sit at $26.08, while natural gas is priced at $18.13 per Thousand Cubic Feet — both aligning with state medians. Expect to budget about $259 monthly for other services like water and garbage. These utility expenses are vital considerations as they directly influence monthly living costs. Comparing these rates to other cities may help ascertain if Waddington is a financially viable option for your relocation.