Cheapest Places to Live in New York

New York, known for its iconic cityscapes, diverse cultural offerings, and rich history, offers a wide range of living experiences. Landmarks such as Times Square, Niagara Falls, and the Statue of Liberty highlight the state's appeal. The state's economy is one of the largest and most diverse in the world, driven by sectors such as finance, technology, and tourism. New York's tax structure includes relatively high income and property taxes, which can impact the overall affordability for residents. Despite recent inflation and rising food costs, New York remains one of the more affordable states in the northeastern region, especially in its smaller towns and rural areas. The combination of a diverse economy and manageable living costs makes New York an attractive place for those seeking affordability and quality of life.

Affordable living in New York can often be found in smaller towns and suburban areas where housing costs and everyday expenses are lower. These regions provide a more manageable cost of living, which is essential for maintaining financial stability. Affordability is a key factor in livability, as it allows residents to enjoy a comfortable standard of living without undue financial strain. Factors contributing to the cheapest places to live in New York include lower housing demand in less populated areas, supportive local economic policies, and efficient public services. Utilizing C2ER's cost of living data helps to identify these affordable regions, ensuring that potential residents can make informed decisions. In a state known for its cultural diversity and economic opportunities, finding affordable living options enhances the overall living experience.

South Lockport Population: 8,344 32% cheaper than New York average
Med. Home Value: $67,000 Med. Rent: $578 Med. Household Inc.: $48,724
With a cost of living index that is 32% cheaper than the state average, South Lockport is the cheapest place to live in New York. This area offers residents a remarkable blend of relatively low housing costs, budget-friendly grocery prices, affordable utilities, and economical health care services, making it an attractive destination for those seeking to stretch their dollars further. Whether you're a young professional, a growing family, or someone looking to enjoy a more relaxed pace of life, South Lockport provides an inviting and cost-effective environment to call home.
Salamanca Population: 5,466 31% cheaper than New York average
Med. Home Value: $66,400 Med. Rent: $641 Med. Household Inc.: $33,942
The second most affordable city in New York is Salamanca and stands out for its cost-effective lifestyle. With an overall cost of living that is 31% cheaper than the New York average, overall goods and services, housing, utilities, transportation and health care costs fall within a reasonable range. Median household income levels are steady and come in at , which helps to increase the purchasing power of the local residents.
Dunkirk Population: 11,812 31% cheaper than New York average
Med. Home Value: $67,700 Med. Rent: $724 Med. Household Inc.: $36,282
Dunkirk lands in the #3 spot for the cheapest cities to live in New York, with a cost of living that is 31% cheaper than the state average. With home prices averaging and rental rates coming in around , it helps that household income levels average about , which assists with paying the mortgage or your monthly rent. Its robust public school system and accessible health care further enhance its appeal, making it a great place to settle down. The strong community spirit and ample recreational opportunities add to its charm.
Olean Population: 13,580 31% cheaper than New York average
Med. Home Value: $76,700 Med. Rent: $640 Med. Household Inc.: $41,500
The cost of everyday grocery items, goods & services and of course housing, can have a significant impact on the overall cost of living in any area. Olean offers a picturesque and affordable living environment, with a cost of living that is 31% cheaper than the state average. Everyday items like ground beef , eggs , coffee and pizza are all fairly reasonable compared to most other cities, which helps reduce those grocery bills. Home prices are also fairly affordable (compared to the state average), coming in at around .
Niagara Falls Population: 47,978 30% cheaper than New York average
Med. Home Value: $78,500 Med. Rent: $649 Med. Household Inc.: $41,137
For those wanting to live well on a budget, Niagara Falls is ideal, with a cost of living that is 30% cheaper than the state average. Reasonable housing prices (compared to the New York average) of and rental prices of are paired with economical goods and services and a range of free or low-cost recreational activities. The city's proactive economic development initiatives also ensure a steady stream of job opportunities, making it a smart choice for those prioritizing financial ease.
Tonawanda city Population: 14,991 29% cheaper than New York average
Med. Home Value: $94,600 Med. Rent: $666 Med. Household Inc.: $48,047
Tonawanda city comes in at #6 on our list of the cheapest cities in New York and is a haven for those seeking affordability without sacrificing convenience. The city is known for its discount shopping centers and budget-friendly dining options and has a cost of living that is 29% cheaper than New York. The city's local markets provide fresh produce and other groceries at reduced prices, while parks and community centers offer free entertainment and leisure. This city is perfect for enjoying a high quality of life at a low cost.
Medina Population: 5,829 29% cheaper than New York average
Med. Home Value: $81,800 Med. Rent: $820 Med. Household Inc.: $45,134
With its cost-effective lifestyle, Medina is an attractive destination for those looking to live affordably. The city boasts suitable housing costs, affordable healthcare, and a variety of budget-friendly dining options. The community is welcoming and vibrant, providing residents with a rich social life at a fraction of the cost. Median income levels come in at , which provides financial stability, purchasing power and increases the quality of life in the city.
Jamestown Population: 29,290 28% cheaper than New York average
Med. Home Value: $66,400 Med. Rent: $611 Med. Household Inc.: $34,767
A lower cost of living allows individuals to manage their expenses more effectively, reducing the risk of financial stress and debt. When essential costs such as housing, food, transportation, and healthcare are more affordable, people can achieve greater financial stability and resilience. Jamestown fits that mold and has a cost of living that is 28% cheaper than New York.
Hornell Population: 8,274 28% cheaper than New York average
Med. Home Value: $67,100 Med. Rent: $629 Med. Household Inc.: $43,381
Lower living costs can lead to a higher quality of life by making it easier for people to afford comfortable housing, nutritious food, and access to healthcare. It can also provide opportunities for better education, recreational activities, and community engagement, contributing to overall well-being. Hornell is one of the most affordable cities in New York, and has a cost of living that is 28% cheaper than the state average.
Lockport Population: 20,420 28% cheaper than New York average
Med. Home Value: $95,600 Med. Rent: $731 Med. Household Inc.: $46,706
With a cost of living that is 28% cheaper than New York, Lockport comes in at #10 on our list of the cheapest places to live in New York. Financial stress is a significant factor affecting mental and physical health. By lowering the cost of living, individuals can experience reduced anxiety related to meeting monthly expenses, thereby improving overall health and well-being. The ability to afford basic necessities without constant worry contributes to a more balanced and fulfilling life.

Full list of the cheapest places in New York

Rank Location Population COL Index Med. Home Value Med. Household Inc. 
1 South Lockport 8,344 80 $67,000 $48,724
2 Salamanca 5,466 80 $66,400 $33,942
3 Dunkirk 11,812 81 $67,700 $36,282
4 Olean 13,580 81 $76,700 $41,500
5 Niagara Falls 47,978 82 $78,500 $41,137
6 Tonawanda city 14,991 84 $94,600 $48,047
7 Medina 5,829 84 $81,800 $45,134
8 Jamestown 29,290 84 $66,400 $34,767
9 Hornell 8,274 84 $67,100 $43,381
10 Lockport 20,420 84 $95,600 $46,706
11 Lackawanna 17,751 85 $99,400 $39,984
12 Binghamton 44,819 85 $92,800 $35,730
13 Albion 5,615 86 $68,400 $39,718
14 Buffalo 255,805 86 $101,000 $68,309
15 Buffalo 255,805 86 $101,000 $76,898
16 Buffalo 255,805 86 $101,000 $44,263
17 Buffalo 255,805 86 $101,000 $32,854
18 Buffalo 255,805 86 $101,000 $40,531
19 Buffalo 255,805 86 $101,000 $24,532
20 Buffalo 255,805 86 $101,000 $34,202
21 Buffalo 255,805 86 $101,000 $36,770
22 Buffalo 255,805 86 $101,000 $50,160
23 Buffalo 255,805 86 $101,000 $28,346
24 Buffalo 255,805 86 $101,000 $26,270
25 Buffalo 255,805 86 $101,000 $56,623
26 Buffalo 255,805 86 $101,000 $29,420
27 Buffalo 255,805 86 $101,000 $41,923
28 Buffalo 255,805 86 $101,000 $74,251
29 Buffalo 255,805 86 $101,000 $35,846
30 Buffalo 255,805 86 $101,000 $32,992
31 Buffalo 255,805 86 $101,000 $39,029
32 Buffalo 255,805 86 $101,000 $27,957
33 Buffalo 255,805 86 $101,000 $41,665
34 Buffalo 255,805 86 $101,000 $44,597
35 Buffalo 255,805 86 $101,000 $39,677
36 Buffalo 255,805 86 $101,000 $28,852
37 Buffalo 255,805 86 $101,000 $23,804
38 Buffalo 255,805 86 $101,000 $37,590
39 Buffalo 255,805 86 $101,000 $27,932
40 Buffalo 255,805 86 $101,000 $38,752
41 Buffalo 255,805 86 $101,000 $25,014
42 Buffalo 255,805 86 $101,000 $72,990
43 Buffalo 255,805 86 $101,000 $46,968
44 Buffalo 255,805 86 $101,000 $58,566
45 Buffalo 255,805 86 $101,000 $28,750
46 Buffalo 255,805 86 $101,000 $68,808
47 Buffalo 255,805 86 $101,000 $33,740
48 Buffalo 255,805 86 $101,000 $68,676
49 Buffalo 255,805 86 $101,000 $63,047
50 Buffalo 255,805 86 $101,000 $24,229

Methodology

To formulate the list of the cheapest places to live in New York, AreaVibes utilized comprehensive data from the Council for Community and Economic Research (C2ER) cost of living index. The report is released annually and offers a detailed comparison of living expenses across various urban areas. The data is meticulously gathered by over 300 independent researchers, ensuring a high level of accuracy and reliability. The C2ER index encompasses more than 60 goods and services, categorized into six essential areas that significantly impact the cost of living. These categories and their respective weightings in the index are as follows: goods and services (33%), groceries (13%), health care (5%), housing (30%), transportation (9%), and utilities (10%).

Map of Cost of Living by State

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The map above is a great way to help you discover the most affordable states across the U.S. By highlighting states with the lowest cost of living, this map provides an in-depth look at where you can get the most value for your money. By visually representing this data, the map allows users to easily compare different regions and make informed decisions about potential relocations or investments. Additionally, it provides valuable insights into the economic conditions and lifestyle factors that influence these cost of living statistics. Whether you're planning a move, considering a new job, or simply curious about the economic landscape, this map is a useful resource for understanding and navigating the financial implications of living in different states.