Housing costs in Gates?
A typical home costs
$185,400, which is 45.2% less expensive than the national average of
$338,100 and 55.2% less expensive than the average New York home, at
$413,600. Renting a two-bedroom unit in Gates costs
$1,250 per month, which is 12.6% cheaper than the national average of
$1,430 and 56.8% cheaper than the state average of
$1,960.
Can I afford Gates?
To live comfortably in Gates, New York, a minimum annual income of
$35,640 for a family, and
$40,400 for a single person is recommended.
What does A.I. say about Gates?
Gates, NY is a great place to live due to its low cost of living. According to the US average Cost of Living index, Gates' cost of living is 85.3, which is much lower than the US average of 100. This means that on average residents can expect to pay less for goods and services in Gates than in other parts of the country. In addition, this lower cost of living goes hand in hand with a lower median house value - Gates' median house value is $185,400, compared to the US mean value of $338,100. Therefore, it is an affordable place to live for those looking for a good deal while still enjoying a high quality of life.