Cost of Living in Spencer, NY

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3%
Overall NAT. AVG.
4%
Groceries NAT. AVG.
29%
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 Spencer New York National
Cost of living97121100
Groceries104106100
Health care107110100
Housing71144100
Transportation111113100
Utilities112112100
Lifestyle & Entertainment107111100
Household Items105106100
Education & Childcare113118100
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Homes For Sale In Spencer, NY

property for sale

78 Brooks St

Spencer, NY
property for sale

133 N Main St

Spencer, NY
property for sale

00 Halsey Valley RD

Spencer, NY
property for sale

27 E Tioga St

Spencer, NY

Cost Of Living Quick Facts

  • The cost of living in Spencer is 20% lower than the New York average
  • The cost of living in Spencer is 3% lower than the national average
  • Spencer housing is 29% 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 Spencer

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      Transportation index
      Utilities index
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      Median Income & Debt-To-Income Ratio

      Median Income Per Year Per Month Max Budget (28% DTI) Max Budget (36% DTI)
      Owners$100,348$8,362$2,341$3,011
      Renters$0$0$0$0

      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.
      Erin, NY4598415.8%
      Breesport, NY895927.7%
      Candor, NY926937.4%
      Newfield Hamlet, NY784937.1%
      Owego, NY4,004955.4%
      Spencer, NY786973.1%

      Cities with similar population

      City Population Cost of Living Index National Avg.
      Mulga, AL7868317.1%
      Ruthven, IA7868316.7%
      Elliott, MS7867921.5%
      Minto, ND7868514.9%
      Underwood, ND786945.9%
      Spencer, NY786973.1%
      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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