Housing costs in Homer?
A typical home costs
$198,200, which is 41.4% less expensive than the national average of
$338,100 and 52.1% less expensive than the average New York home, at
$413,600. Renting a two-bedroom unit in Homer costs
$1,120 per month, which is 21.7% cheaper than the national average of
$1,430 and 75.0% cheaper than the state average of
$1,960.
Can I afford Homer?
To live comfortably in Homer, New York, a minimum annual income of
$37,800 for a family, and
$36,800 for a single person is recommended.
What does A.I. say about Homer?
The cost of living in Homer, NY is relatively low compared to other areas around the country. The median home price in Homer is $138,000 which is approximately 10% lower than the national average. Additionally, the overall cost of goods and services is 11% lower than the US average. This makes the area a great place to live for those who may not have a large budget but still want access to amenities and activities that other larger cities offer. Residents also benefit from no state income tax and extremely low property taxes which adds to their savings.