Cost of Living in Potsdam, NY

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7%
Overall NAT. AVG.
7%
Groceries NAT. AVG.
34%
Housing NAT. AVG.
Date & Last Updated: These cost of living estimates reflect 2026 modeled data using U.S. Census housing inputs and AI-assisted city-level pricing models.
The cost of living index is based on a national average of 100. For example, if the cost of living score is 90, then the estimated cost of living is 10% lower than the national average. If the score is 110, then the estimated cost of living is 10% higher than average. The overall index is calculated using weighted estimates across major everyday expense categories, including housing (30%), groceries (16%), transportation (12%), healthcare (10%), utilities (8%), lifestyle and entertainment (8%), household expenses (8%), and education and childcare (8%). All values are AI-assisted city-level estimates designed for directional comparisons.
Index Potsdam New York National
Cost of living93121100
Groceries107106100
Health care105110100
Housing66144100
Transportation106113100
Utilities106112100
Lifestyle & Entertainment105111100
Household Items103106100
Education & Childcare103118100
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Homes For Sale In Potsdam, NY

property for sale

24 Grant St

Potsdam, NY
property for sale

73 Elm St

Potsdam, NY
property for sale

1 South St

Potsdam, NY
property for sale

14 Bradley Dr

Potsdam, NY

Cost Of Living Quick Facts

  • The cost of living in Potsdam is 23% lower than the New York average
  • The cost of living in Potsdam is 7% lower than the national average
  • Potsdam housing is 34% 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 Potsdam

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      Cost of living index
      Groceries index
      Health care index
      Housing index
      Transportation index
      Utilities index
      Lifestyle index
      Household index
      Educare index

      Median Income & Debt-To-Income Ratio

      Median Income Per Year Per Month Max Budget (28% DTI) Max Budget (36% DTI)
      Owners$137,143$11,429$3,200$4,115
      Renters$24,973$2,081$583$749
      To approximate the cost of living and the housing affordability in Potsdam, NY, we can look at the percentage of income that is available to be spent on monthly housing, otherwise known as the debt-to-income ratio (DTI). To stay on the safe side, a consumer should not spend more than 28% of his or her gross income on housing-related expenses and costs and not more than 36% of income on all expenses and debts. Homeowners in Potsdam have a median income of $137,143. Therefore, the amount that a consumer should spend on housing costs should be no more than $3,200 per month to avoid calamity and poverty. The renters in the city have an income of about $24,973, which would make their monthly maximum allowable rental costs $583.

      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%

      Nearby cities with low cost of living

      City Population Cost of Living Index National Avg.
      Hermon, NY399909.7%
      Colton, NY3008812.2%
      Winthrop, NY1798911.1%
      Norfolk, NY9229010.5%
      Norwood, NY1,6029010.4%
      Potsdam, NY9,362936.6%

      Cities with similar population

      City Population Cost of Living Index National Avg.
      Laurentian Valley, ON9,362n/a 
      Springfield, FL9,363954.9%
      Plymouth, MI9,36311514.8%
      Amherst, NS9,360n/a 
      Ogden, NC9,35912120.5%
      Potsdam, NY9,362936.6%
      Date & Last Updated: These cost of living estimates reflect 2026 modeled data using U.S. Census housing inputs and AI-assisted city-level pricing models.
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