Housing costs in Hermon?
A typical home costs
$114,500, which is 66.1% less expensive than the national average of
$338,100 and 72.3% less expensive than the average New York home, at
$413,600. Renting a two-bedroom unit in Hermon costs
$910 per month, which is 36.4% more than the national average of
$1,430 and 115.4% more than the state average of
$1,960.
Can I afford Hermon?
To live comfortably in Hermon, New York, a minimum annual income of
$21,960 for a family, and
$29,600 for a single person is recommended.
What does A.I. say about Hermon?
The cost of living in Hermon, NY is quite reasonable compared to other areas in the state. The median home value is below the national median at $123,100 and the median rent cost is slightly higher than the national median at $1,002. The overall cost of living index for Hermon is 91.7 which is lower than both the US average (100) and New York State's average (117). Utilities are also relatively low with electricity being 9% lower than the national average. All these factors make Hermon an attractive destination for those looking for affordable housing options.