Housing costs in Newfane?
A typical home costs
$198,500, which is 41.3% less expensive than the national average of
$338,100 and 52.0% less expensive than the average New York home, at
$413,600. Renting a two-bedroom unit in Newfane costs
$1,010 per month, which is 29.4% cheaper than the national average of
$1,430 and 94.1% cheaper than the state average of
$1,960.
Can I afford Newfane?
To live comfortably in Newfane, New York, a minimum annual income of
$38,160 for a family, and
$34,000 for a single person is recommended.
What does A.I. say about Newfane?
The cost of living in Newfane, NY is relatively affordable compared to other cities in the area. The median home value is around $180,000, which is below the national average. Additionally, the median household income is over $50,000 and the unemployment rate is only 3.8%, making it a great place to live for those looking for financial stability. Food and transportation costs are also reasonable, with restaurants typically costing less than elsewhere in the region and public transportation being easily accessible. All of these factors make Newfane an appealing option for those looking for a comfortable lifestyle at an affordable price.