Cost Of Living
Taking into account the cost of goods and services like housing, groceries, transportation and utilities, the overall cost of living in this area is well below average.
Housing
High scores in the housing category are a distinguishing feature of this area, possibly driven by a favorable home affordability ratio, higher home values and appreciation rates.
Amenities
The majority of amenities are not ideally located within walking distance. To access these amenities, residents may be required to rely on a vehicle or public transit.
Commute
A low commute score could be due to longer-than-average work commutes and the limited availability of public transportation in this area.
Crime
This area reports elevated crime rates per 100,000 individuals, potentially pointing some areas being unsafe for its residents. Stats are based on both property and violent crimes.
Employment
In the employment category, a low score could be attributed to low income levels and high unemployment in the area, suggesting potential difficulties in finding lucrative employment.
Located in the state of New York, Penn Yan is a small-sized city with a population of 5,223 residents. If we look at the most recent Census, Penn Yan is known to have a predominantly White population. The next two most common races are Black and Asian. Not a fan of sitting in traffic during your commute to work? Penn Yan offers shorter work commutes, with an average one-way commute time taking only 16 minutes, far lower than the national average of 26 minutes.
If you’re considering moving to any new city, it could be a very intimidating task. However, it could also be a positive experience if you are willing to get to know the town before actually living in Penn Yan, New York. When searching for a new neighborhood, several key items should be considered. Safety is of utmost importance, ensuring a secure environment with low crime. Proximity to your workplace or school helps reduce commuting time and offers convenience. Access to amenities such as parks, grocery stores, and healthcare facilities enhances your daily life. Public transportation options contribute to easy mobility. A sense of community fosters a supportive and engaging environment. Lastly, the overall atmosphere should align with your desired lifestyle, ensuring a fulfilling living experience. Considering these items will guide you towards finding the perfect neighborhood that fits all your needs. The best areas in Penn Yan and in surrounding cities are easier to find when you are able to make informed decisions. Using data from crime, education, housing, you will see a detailed breakdown of the most important information as well as comparisons to the New York and national averages.
With a livability score of 62 out of 100, Penn Yan is ranked #15,114 in the United States and #768 in New York. Based on the grades for each individual category, Penn Yan has received high marks for cost of living (A+), education (B-) and housing (A). On a less positive note, Penn Yan does not have favorable ranks for the following: amenities (F) and employment (D-). If we take a look at the data, we can find out why.
Unemployment rates can vary significantly among cities, impacting job prospects, wage levels and the overall economic health of an area. In Penn Yan, the unemployment rate stands at 1.7%, suggesting increased job opportunities and a heightened demand for workers. This scenario can lead to higher wages, as the demand for employees outpaces job availability. Importantly, a low unemployment rate often signifies a robust and flourishing local economy.
A robust real estate market serves as a crucial economic indicator, reflecting the local area's strength, stability and the confidence of its residents. Penn Yan excels in the housing sector, scoring high marks based on factors such as median home and rental prices, appreciation rates and home affordability. These calculations suggest that the apartment rental and real estate market in the region is exceptionally healthy, highlighting the area's economic vitality and attractiveness to potential homebuyers and renters.
Certain items on your wish list like shopping, restaurants, nightlife, parks and proximity to public transportation are all important things to look for. Having said that, perhaps the most important metric to consider when contemplating a move to Penn Yan is real estate affordability. The median home price for Penn Yan homes is $210,370, which is 58.2% lower than the New York average. If we take a closer look at the affordability of homes in Penn Yan, we’ll see that the home price to income ratio is 4, which is 28.6% lower than the New York average.
| Statistic | Penn Yan | New York | National |
| Average one way commute | 16min | 33min | 26min |
| Workers who drive to work | 77.6% | 53.0% | 76.4% |
| Workers who carpool | 6.3% | 6.7% | 9.3% |
| Workers who take public transit | 0.0% | 28.0% | 5.1% |
| Workers who bicycle | 1.0% | 0.7% | 0.6% |
| Workers who walk | 7.7% | 6.3% | 2.8% |
| Working from home | 7.2% | 4.0% | 4.6% |
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