Cost of Living in Canastota, NY

Get 300+ Local Insights for Any Address in Canastota, NY

Get Access to 300+ Local Data Points
A+
8%
Overall NAT. AVG.
2%
Goods & Services NAT. AVG.
26%
Housing NAT. AVG.
Date & Last Updated: This data reflects 2025 and was released from C2ER in January, 2026; this is the most current data available.
The cost of living index is based on a national average of 100. For example, if the cost of living is 90, then it is 10% lower than average. If the cost of living is 110, then it is 10% higher than average. The breakdown for each index is as follows: goods & services (33%), groceries (13%), health care (5%), housing (30%), transportation (9%) and utilities (10%). If the cost of living data was unavailable for this city, estimates based upon nearby cities were used.
Index Canastota New York National
Cost of living92118100
Goods & Services102108100
Groceries97102100
Health care99111100
Housing74144100
Transportation106107100
Utilities93101100
Does this Area Fit Your Budget? Local Insights Report
  • Know the community before you call it home
  • Compare multiple areas side by side
  • Access over 300 data points for any address
Local Insights Report

Homes For Sale In Canastota, NY

property for sale

Nelson Rd

Lenox, NY
property for sale

7080 Verna Dr

Canastota, NY
property for sale

2451 State Route 31

Canastota, NY
property for sale

112 Clark St

Canastota, NY

Cost Of Living Quick Facts

  • The cost of living in Canastota is 21% lower than the New York average
  • The cost of living in Canastota is 8% lower than the national average
  • Canastota housing is 26% lower than the national average
  • New York general sales tax is 22% lower than the national average
  • New York state income tax is 54% higher than the national average

Most Affordable Places to Live in and Around Canastota

See all the best places to live around Canastota

Compare Canastota, NY Cost of Living

City Image
    City Default Image
      vs
      Compare Neighborhoods & Addresses Local Insights Report

      Why stop at city-to-city? With Local Insights, you can compare neighborhoods, zip codes, or even exact addresses. Access 300+ hyperlocal data points—from schools and crime to housing and amenities—to see which area is the better fit.

      Local Insights Report
      How would you rate the cost of living in Canastota?
      Write a review to give others more information about this area.
      Is the cost of living increasing or decreasing in Canastota?
      Write a review to give others more information about this area.
      See all Canastota poll results

      The best places in New York

      Here are the best places to live in New YorkSafest Cities In The USMost Dangerous States In The USMost Dangerous Cities In The US
      Best Places in New York

      Salary Calculator

      This is how much you would need to earn in
      Price difference in compared to
      Cost of living index
      Goods & Services index
      Groceries index
      Health care index
      Housing index
      Transportation index
      Utilities index

      Median Income & Debt-To-Income Ratio

      Median Income Per Year Per Month Max Budget (28% DTI) Max Budget (36% DTI)
      Owners$97,527$8,127$2,275$2,926
      Renters$49,144$4,095$1,147$1,474
      A good indicator of the general affordability of housing in Canastota, NY, is the percentage of monthly income that should be spent on housing expenses, otherwise known as the debt-to-income ratio (DTI). Generally speaking, no more than 28 percent of your total gross income should be spent on your housing expenses and not more than 36 percent of your gross income on total expenses, including debts. In Canastota, the median monthly income is $97,527 for those who own their own homes. Under the standard rule, that income level would allow for $2,275 to be budgeted for housing expenses each month, at the most. Renters, on the other hand, earn about $49,144, per the median income in the area. That would allow for renters to spend up to $1,147 on monthly rental expenses.

      New York Sales Tax

      State General Sales Tax With Max Surtax
      New York 4% 8.875%

      New York Income Tax

      State Income Tax (Low) Income Tax (High)
      New York 4% 10.9%

      Goods & Services

      Item Canastota National avg. Difference
      Haircut $24.50$27.6211.3%
      Beauty Salon $45.33$51.1111.3%
      Toothpaste $4.05$4.091.0%
      Shampoo $1.38$1.5410.5%
      Movie $14.64$12.8813.7%
      Yoga $20.67$19.665.1%

      Groceries

      Item Canastota National avg. Difference
      Ground Beef $7.60$7.701.4%
      Fried Chicken $1.49$1.6610.4%
      Milk $4.82$4.731.8%
      Potatoes $5.45$5.263.7%
      Pizza $14.21$12.7611.3%
      Beer $10.25$10.552.8%

      Health Care

      Item Canastota National avg. Difference
      Optometrist $203.17$140.0645.1%
      Doctor $125.67$153.8218.3%
      Dentist $124.13$123.150.8%
      Ibuprofen $11.68$11.730.4%
      Lipitor $22.97$23.612.7%

      Housing

      Item Canastota National avg. Difference
      Home Price $242,618.00$326,622.0025.7%
      Avg. Mortgage Payment $2,919.18$2,480.2517.7%
      Apartment Rent $1,050.00$1,444.0027.3%

      Transportation

      Item Canastota National avg. Difference
      Gasoline $3.15$3.063.2%
      Tire Balancing $74.50$65.2114.2%

      Utilities

      Item Canastota National avg. Difference
      All Electricity $195.18$220.1211.3%
      Phone $198.89$195.711.6%
      Although the cost of living data is updated regularly, this cost of living information is to be used as estimates only as prices can change on an ongoing basis.

      Nearby cities with low cost of living

      City Population Cost of Living Index National Avg.
      Bridgeport, NY1,3828317.4%
      Oriskany Falls, NY7938712.8%
      Munnsville, NY4378811.9%
      Rome, NY33,3998910.7%
      Sylvan Beach, NY738909.7%
      Canastota, NY4,754927.6%

      Cities with similar population

      City Population Cost of Living Index National Avg.
      Flemington, NJ4,75412020.4%
      Redland, AL4,75311010.4%
      Columbiana, AL4,7529010.1%
      Westwood, KY4,7528317.2%
      New Boston, TX4,7528416.5%
      Canastota, NY4,754927.6%
      Date & Last Updated: This data reflects 2025 and was released from C2ER in January, 2026; this is the most current data available.
      General
      For Professionals
      Follow Us
      AV on Twitter AV on Facebook
      © AreaVibes Inc. 2010-2026