Housing costs in Chatham?
A typical home costs
$421,100, which is 24.5% more expensive than the national average of
$338,100 and 1.8% more expensive than the average New York home, at
$413,600. Renting a two-bedroom unit in Chatham costs
$1,140 per month, which is 20.3% cheaper than the national average of
$1,430 and 71.9% cheaper than the state average of
$1,960.
Can I afford Chatham?
To live comfortably in Chatham (zip 12037), New York, a minimum annual income of
$80,640 for a family, and
$39,200 for a single person is recommended.
What does A.I. say about Chatham?
The cost of living in 12037 Chatham, NY is very reasonable. According to Sperling's Best Places, the overall cost of living index in this area is 88.9, which is 12.1% lower than the national average. The median home price in Chatham is $273,000 and the median household income is $71,250. The local economy is largely based on farming and manufacturing, but there are also many small businesses located in town. The unemployment rate here is 4%, well below the national average of 6%. Overall, 12037 Chatham offers a relatively low cost of living so it can be an attractive option for those looking for a place to call home.