Housing costs in Elmira?
A typical home costs
$95,700, which is 71.7% less expensive than the national average of
$338,100 and 76.9% less expensive than the average New York home, at
$413,600. Renting a two-bedroom unit in Elmira costs
$950 per month, which is 33.6% cheaper than the national average of
$1,430 and 106.3% cheaper than the state average of
$1,960.
Can I afford Elmira?
To live comfortably in Elmira, New York, a minimum annual income of
$18,360 for a family, and
$29,600 for a single person is recommended.
What does A.I. say about Elmira?
Elmira, NY is an affordable place to live, with an average cost of living that is 7% lower than the national average. The median home value in Elmira is $89,400, and rental costs are relatively low as well with a median rent of $697 per month. Utilities and transportation costs are also below the US average, making Elmira an attractive option for those looking for a low cost of living. Additionally, the local economy has seen steady growth over the past few years, providing more opportunities for employment in the area and helping to keep costs down.