Housing costs in Allegany?
A typical home costs
$181,400, which is 46.3% less expensive than the national average of
$338,100 and 56.1% less expensive than the average New York home, at
$413,600. Renting a two-bedroom unit in Allegany costs
$830 per month, which is 42.0% more than the national average of
$1,430 and 136.1% more than the state average of
$1,960.
Can I afford Allegany?
To live comfortably in Allegany, New York, a minimum annual income of
$34,920 for a family, and
$26,400 for a single person is recommended.
What does A.I. say about Allegany?
Allegany, NY is known to be an affordable place to live compared to other areas in the state. The overall cost of living index is about 8% lower than the New York average, making it an attractive option for those looking for a more affordable lifestyle. Housing costs are particularly low, with median home prices being around $77,000 and rent at an average of $600 per month. Utilities and transportation costs are also relatively low, with electricity costing about 11 percent less than the national average. Overall, Allegany offers an excellent quality of life at a very reasonable price.