Housing costs in Elwood?
A typical home costs
$664,600, which is 96.6% more expensive than the national average of
$338,100 and 60.7% more expensive than the average New York home, at
$413,600. Renting a two-bedroom unit in Elwood costs
$2,480 per month, which is 73.4% more than the national average of
$1,430 and 21.0% more than the state average of
$1,960.
Can I afford Elwood?
To live comfortably in Elwood, New York, a minimum annual income of
$127,440 for a family, and
$82,400 for a single person is recommended.
What does A.I. say about Elwood?
The cost of living in Elwood, NY is very reasonable. The median home price in the area is about $343,000 for a single-family detached home, which is significantly lower than other cities of similar size. Additionally, the cost of goods and services are fairly low due to the lack of sales tax in the state. Groceries, rent, transportation, utilities and other everyday expenses are all relatively affordable compared to other places.