Housing costs in Lorraine?
A typical home costs
$145,700, which is 56.9% less expensive than the national average of
$338,100 and 64.8% less expensive than the average New York home, at
$413,600. Renting a two-bedroom unit in Lorraine costs
$1,060 per month, which is 25.9% cheaper than the national average of
$1,430 and 84.9% cheaper than the state average of
$1,960.
Can I afford Lorraine?
To live comfortably in Lorraine, New York, a minimum annual income of
$28,080 for a family, and
$32,000 for a single person is recommended.
What does A.I. say about Lorraine?
The cost of living in Lorraine, NY is fairly reasonable. The median home value is around $136,000, and the median rent for a one-bedroom apartment is just under $800. The overall cost of living index is 93, which is slightly below the national average. With its strong sense of community and ample recreational activities available, Lorraine offers a relaxed atmosphere with a relatively low cost of living compared to other parts of the country.