Housing costs in Farmington?
A typical home costs
$267,800, which is 20.8% less expensive than the national average of
$338,100 and 35.3% less expensive than the average New York home, at
$413,600. Renting a two-bedroom unit in Farmington costs
$1,420 per month, which is 0.7% cheaper than the national average of
$1,430 and 38.0% cheaper than the state average of
$1,960.
Can I afford Farmington?
To live comfortably in Farmington, New York, a minimum annual income of
$51,480 for a family, and
$45,600 for a single person is recommended.
What does A.I. say about Farmington?
Living in Farmington, NY is affordable. The cost of living index is 15% lower than the national average, which means that the cost of housing, groceries, health care and other expenses are relatively low. For example, a one-bedroom apartment in Farmington averages about $800 a month in rent. Groceries tend to be cheaper than in larger cities because most of them come from local farmers and suppliers. Food prices at local restaurants are also reasonably priced. Health care costs are also generally low as there are many quality healthcare options available in the area. All in all, living in Farmington is an attractive option for those looking for an affordable place to live.