Housing costs in Elma?
A typical home costs
$417,400, which is 23.5% more expensive than the national average of
$338,100 and 0.9% more expensive than the average New York home, at
$413,600. Renting a two-bedroom unit in Elma costs
$1,220 per month, which is 14.7% cheaper than the national average of
$1,430 and 60.7% cheaper than the state average of
$1,960.
Can I afford Elma?
To live comfortably in Elma, New York, a minimum annual income of
$79,920 for a family, and
$41,200 for a single person is recommended.
What does A.I. say about Elma?
The cost of living in Elma, NY is quite reasonable. The median home price is around $150,000 which is lower than the national average. Renting a two-bedroom apartment costs an average of $936 per month which is also lower than the national average. The sales tax rate is 8% and property taxes are about 1.7%. All in all, Elma offers its residents a comfortable level of affordability with its cost of living.