Housing costs in Bangor?
A typical home costs
$118,800, which is 64.9% less expensive than the national average of
$338,100 and 71.3% less expensive than the average New York home, at
$413,600. Renting a two-bedroom unit in Bangor costs
$820 per month, which is 42.7% more than the national average of
$1,430 and 139.0% more than the state average of
$1,960.
Can I afford Bangor?
To live comfortably in Bangor, New York, a minimum annual income of
$22,680 for a family, and
$28,000 for a single person is recommended.
What does A.I. say about Bangor?
The cost of living in Bangor, NY is relatively low compared to other cities in the United States. Housing is quite affordable with median home prices estimated at around $149,000 in 2019, and rents are also very reasonable. The overall cost of living index for Bangor is 77.8 which is lower than the US average of 100. Groceries and utilities are also reasonably priced with the food index slightly lower than the national average at 94.1. In addition, residents of Bangor benefit from state income taxes being among the lowest in the nation at just 4%. All these factors combine to make Bangor an attractive place to live for those seeking to save money on their everyday costs.