Housing costs in Rensselaer?
A typical home costs
$241,900, which is 28.5% less expensive than the national average of
$338,100 and 41.5% less expensive than the average New York home, at
$413,600. Renting a two-bedroom unit in Rensselaer costs
$1,350 per month, which is 5.6% cheaper than the national average of
$1,430 and 45.2% cheaper than the state average of
$1,960.
Can I afford Rensselaer?
To live comfortably in Rensselaer, New York, a minimum annual income of
$46,440 for a family, and
$44,400 for a single person is recommended.
What does A.I. say about Rensselaer?
Rensselaer, NY boasts an affordable cost of living, making it a great place to live. The combined sales tax rate is 8.875%, which is slightly lower than the national average. Additionally, the median home value of $162,200 is significantly lower than the national average of $228,000. Renters in Rensselaer will also find an affordable cost of housing; the median monthly rent is just $845 dollars compared to the nation-wide average at $1,012. Utilities are also relatively inexpensive with electricity rates around 11 cents per kWh and natural gas prices below the national average at approximately 67 cents per therm. Overall, residents in Rensselaer can enjoy a comfortable lifestyle while saving money on necessities that other parts of the country may not be able to offer.