Quick facts: Wayland, NY

Quick Facts

113.7
Cost of Living
above US average
3,921
Population
3.57
Crime Rate per 1000
below US average
$59,000
Median Income
below US average
$126,000
Median House Price
above US average
$2943
Average Rent
above US average
10%
Poverty Rate
below US average
4.5%
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 $59,000.

🏠

Income Needed to Buy

βœ“ Affordable
$40k/year
Based on $126,000 median home price
Assumes 30-year mortgage at 7% with 20% down payment
πŸ“Š Median income ($59,000) exceeds requirement
🏒

Income Needed to Rent

⚠ Stretch
$126k/year
Based on $2943/month average rent
Annual income where rent = 28% of gross
⚠️ Requires $126k vs median $59,000
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Wayland, NY

Wayland is a small town located in Steuben County, New York, nestled in the picturesque Finger Lakes region. This quaint community is characterized by its rural charm, scenic landscapes, and a close-knit atmosphere. With a small population, residents enjoy a peaceful lifestyle surrounded by nature, including lakes and rolling hills. Wayland is known for its outdoor recreational opportunities, including fishing, hiking, and exploring nearby parks. The town has a rich history, with several historic sites and buildings that reflect its past, contributing to its unique character. The local economy is primarily based on agriculture, with a focus on farming and small businesses. The community hosts various events throughout the year, bringing residents together and fostering a strong sense of camaraderie. Wayland is also within a short drive to larger cities like Rochester and Corning, offering access to urban amenities while maintaining its rural appeal. Overall, Wayland, NY, is an idyllic location for those seeking tranquility and a connection to nature.

πŸ” Search & Compare Places

First Location πŸ“