Housing costs in Geneseo?
A typical home costs
$259,600, which is 23.2% less expensive than the national average of
$338,100 and 37.2% less expensive than the average New York home, at
$413,600. Renting a two-bedroom unit in Geneseo costs
$1,240 per month, which is 13.3% cheaper than the national average of
$1,430 and 58.1% cheaper than the state average of
$1,960.
Can I afford Geneseo?
To live comfortably in Geneseo, New York, a minimum annual income of
$49,680 for a family, and
$39,600 for a single person is recommended.
What does A.I. say about Geneseo?
The cost of living in Geneseo, NY is relatively affordable compared to other areas of the country. According to Best Places, the overall cost of living index in Geneseo is 88.5, which is 12.5% lower than the U.S. average. Housing costs are significantly lower in Geneseo compared to the national average and account for a large part of the difference in cost of living between this area and other parts of the country. On average, residents can expect to pay $175,000 for a house or apartment in Geneseo, NY, while the national median price was $223,000 as of 2019. Additionally, groceries and goods and services are generally more affordable when compared to the U.S., averaging about 10-12% lower than what one would find elsewhere.