Housing costs in Newark Valley?
A typical home costs
$169,300, which is 49.9% less expensive than the national average of
$338,100 and 59.1% less expensive than the average New York home, at
$413,600. Renting a two-bedroom unit in Newark Valley costs
$890 per month, which is 37.8% more than the national average of
$1,430 and 120.2% more than the state average of
$1,960.
Can I afford Newark Valley?
To live comfortably in Newark Valley, New York, a minimum annual income of
$32,400 for a family, and
$27,600 for a single person is recommended.
What does A.I. say about Newark Valley?
The cost of living in Newark Valley, NY is relatively low compared to other cities in the same area, making it an attractive option for those looking to save money. The median home price is around $155,000, which is a fraction of what you would find in nearby larger cities like Syracuse and Binghamton. The average rent for a one-bedroom apartment is just over $800 a month, and there are plenty of affordable dining and shopping options throughout the city. Additionally, utilities are quite reasonable when compared to other parts of New York state. All in all, Newark Valley provides its residents with an excellent quality of life at an incredibly competitive price point.