| Index | Lackawanna | New York | National |
| Cost of living | 95 | 121 | 100 |
| Groceries | 104 | 106 | 100 |
| Health care | 109 | 110 | 100 |
| Housing | 61 | 144 | 100 |
| Transportation | 114 | 113 | 100 |
| Utilities | 114 | 112 | 100 |
| Lifestyle & Entertainment | 108 | 111 | 100 |
| Household Items | 106 | 106 | 100 |
| Education & Childcare | 117 | 118 | 100 |
Understanding the cost of living in Lackawanna can help future residents assess whether their current financial situation aligns with the expenses they will encounter. It enables them to plan for potential changes in their budget and lifestyle. The Lackawanna cost of living index is 95, which is 5% lower than the national average. The cost of living index is calculated by taking into account multiple categories, which encompass both the cost of everyday expenditures and larger expenses as well.
Everyday expenditures like food, housing, lifestyle expenses, transportation and health care in Lackawanna are priced in a manner consistent with other areas. This means that residents of Lackawanna can anticipate their daily expenses remaining reasonably similar to those in an average city, thereby supporting a manageable cost of living.
Is Lackawanna an affordable place to live? It's a good question and one that you might want to ask when considering any new city, as affordability can play a huge role in the decision making process. The cost of living index (which we covered above), as well as housing costs and income levels play a vital role in determining the affordability of an area. The median home price in Lackawanna is 45% lower than the national average, while the average monthly rent prices are 26% lower than average. The affordability of any location can also be influenced by median income levels. Lackawanna has a median household income of $59,607, which is 26.7% lower than the national average.
Transportation: If public transportation is limited or not available, residents may need to own and maintain vehicles, which can add to the cost of living. Gas, insurance, regular maintenance and potentially lease or finance payments will all need to be paid on a monthly basis. In Lackawanna, the transportation index is 13.6% higher than the national average.
Urbanization: Larger, urban hubs brimming with ample amenities and robust employment opportunities often showcase a heightened cost of living. This surge is primarily attributed to the amplified demand for services and increased residential migration, culminating in elevated home prices and elevated rental rates. Conversely, less densely populated rural locales or regions characterized by reduced demand tend to offer a more limited array of amenities and undergo slower job market growth, ultimately yielding a more affordable cost of living.
Subsidies: Some areas might offer government subsidies or assistance programs that help lower cost of living for residents. These programs can include anything from 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 crop subsidies. Areas that offer less subsidies, could see an increase in their cost of living.
The cost of living estimates displayed for Lackawanna are modeled using a U.S. average baseline of 100, helping provide a useful comparison of local living expenses. Housing calculations include U.S. Census home price and rental data, while all other values are AI-assisted estimates based on regional cost patterns, climate, transportation, and everyday spending expectations. These values are intended for directional comparisons across cities.
| 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 | $84,128 | $7,011 | $1,963 | $2,524 |
| Renters | $37,935 | $3,161 | $885 | $1,138 |
| 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. |
| Sloan, NY | 3,688 | 95 | 4.7% |
| Tonawanda city, NY | 15,560 | 94 | 5.6% |
| Lake Erie Beach, NY | 3,454 | 97 | 2.5% |
| Buffalo, NY | 262,656 | 98 | 2.3% |
| Blasdell, NY | 2,723 | 97 | 3.3% |
| Lackawanna, NY | 18,342 | 95 | 5.1% |
| City | Population | Cost of Living Index | National Avg. |
| Logansport, IN | 18,342 | 82 | 18.0% |
| Lake Butler, FL | 18,340 | 170 | 70.0% |
| West Columbia, SC | 18,344 | 96 | 3.9% |
| Bryn Mawr-Skyway, WA | 18,334 | 144 | 44.0% |
| Portland, TX | 18,353 | 104 | 4.3% |
| Lackawanna, NY | 18,342 | 95 | 5.1% |
Here are the best places to live in New York
Check out the 10 safest cities in New York
Check out the 10 most dangerous cities in New York
Most Dangerous States In The US