| Index | Fulton | New York | National |
| Cost of living | 93 | 121 | 100 |
| Groceries | 105 | 106 | 100 |
| Health care | 110 | 110 | 100 |
| Housing | 55 | 144 | 100 |
| Transportation | 110 | 113 | 100 |
| Utilities | 114 | 112 | 100 |
| Lifestyle & Entertainment | 108 | 111 | 100 |
| Household Items | 105 | 106 | 100 |
| Education & Childcare | 117 | 118 | 100 |
The cost of living in Fulton affects the quality of life one can afford in this new location. It allows people to assess whether they can maintain their preferred lifestyle, including housing, leisure activities and dining options. Your total monthly expenditures can varry depending on the area, as well as many other factors. The cost of living in Fulton is 93, which is 7% lower than the national average. Knowledge of the cost of living can help individuals make informed decisions about retirement savings, investments, and financial goals.
The cost of living in Fulton aligns closely with the national average when compared to other cities across the nation. Everyday essentials such as groceries, household expenses, health care and utility bills are priced at a level consistent with the average in similar urban areas. Fulton residents can anticipate that their daily expenses won't be significantly higher than those in an average city, ensuring that the cost of living remains manageable.
Housing costs often consume a significant share of your take-home income, often surpassing 30%. Fortunately, Fulton distinguishes itself by reporting housing expenses that are 45.2% below the national average. This indicates that both owning a home and renting in this area are notably more budget-friendly compared to the rest of the nation. With such favorable housing affordability, residents of Fulton can allocate more of their income to housing, enhancing their financial flexibility.
Wondering if Fulton is affordable? It's a question that often comes up when you're thinking about a new city since affordability can really shape your decisions. The cost of living index (covered earlier), housing expenses and income levels all play a part in the affordability equation. In Fulton, for example, the median home price is 57.1% lower than what folks pay nationally, and monthly rent is 17.5% lower than the usual rates. Plus, income levels matter too, with Fulton boasting a median household income of $69,769, which is 14.2% lower than the national average.
Subsidies: Certain cities or states may implement government subsidies or assistance programs with the goal of alleviating the cost of living pressures on their residents. These programs encompass a broad spectrum of support mechanisms, including Medicare, Medicaid, housing subsidies, low-income home energy assistance programs, school lunch programs, supplemental nutrition assistance programs, student loans, electric vehicle tax credits, affordable care act subsidies and farming subsidies. Areas offering fewer subsidies may experience a rise in their cost of living.
Taxes: Cities that enforce higher taxes, covering both sales taxes and income taxes, can be a factor contributing to a higher cost of living. Paying more in taxes for everyday essentials like clothing and food inevitably leads to higher expenses. A higher income tax rate can further contribute to an overall elevated cost of living. In Fulton, the baseline sales tax rate begins at 4%, and income tax rates start at 4%.
Utilities: Like everything else, utilities costs can range significantly depending on factors like climate, energy sources available, location and even state regulations. Things like electricity, water, heating and waste disposal costs can be higher or lower, depending on the city or state. The utilities index in Fulton comes in at 13.5% higher than the national average.
The Fulton cost of living data above is designed around a U.S. average baseline of 100, allowing for easy comparisons of relative living costs. Housing incorporates U.S. Census home price and rental data, while all other figures are AI-assisted estimates that account for regional price trends, climate, transportation dynamics, and common everyday expenses. These values are best used as directional city-to-city comparisons.
| Cost of living index | |
| Groceries index | |
| Health care index | |
| Housing index | |
| Transportation index | |
| Utilities index | |
| Lifestyle index | |
| Household index | |
| Educare index |
| Median Income | Per Year | Per Month | Max Budget (28% DTI) | Max Budget (36% DTI) |
| Owners | $90,826 | $7,569 | $2,119 | $2,725 |
| Renters | $39,389 | $3,282 | $919 | $1,182 |
| State | General Sales Tax | With Max Surtax |
| New York | 4% | 8.875% |
| State | Income Tax (Low) | Income Tax (High) |
| New York | 4% | 10.9% |
| City | Population | Cost of Living Index | National Avg. |
| SUNY Oswego, NY | 3,791 | 109 | 9.3% |
| Hannibal, NY | 709 | 94 | 5.9% |
| Cato, NY | 502 | 94 | 5.6% |
| Parish, NY | 552 | 95 | 5.1% |
| Oswego, NY | 17,822 | 95 | 4.7% |
| Fulton, NY | 11,649 | 93 | 7.0% |
| City | Population | Cost of Living Index | National Avg. |
| Greensburg, IN | 11,652 | 90 | 10.4% |
| Sandy, OR | 11,653 | 124 | 24.4% |
| Burkburnett, TX | 11,644 | 87 | 12.5% |
| Gander, NL | 11,654 | n/a | |
| Pasadena Hills, FL | 11,642 | 110 | 9.8% |
| Fulton, NY | 11,649 | 93 | 7.0% |
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