Housing costs in Gorham?
A typical home costs
$278,900, which is 17.5% less expensive than the national average of
$338,100 and 32.6% less expensive than the average New York home, at
$413,600. Renting a two-bedroom unit in Gorham costs
$1,120 per month, which is 21.7% cheaper than the national average of
$1,430 and 75.0% cheaper than the state average of
$1,960.
Can I afford Gorham?
To live comfortably in Gorham, New York, a minimum annual income of
$53,280 for a family, and
$35,600 for a single person is recommended.
What does A.I. say about Gorham?
Gorham, NY is a relatively affordable place to live compared to other areas in the country. The average cost of living index for Gorham is 94.6, which is slightly below the US average of 100. Groceries, health care and transportation are all reasonably priced in Gorham. Housing costs, however, are higher than the national average with the median home value being significantly higher than many other places around the United States. Despite this, Gorham’s cost of living remains lower than most other cities and towns across America.