Housing costs in Dannemora?
A typical home costs
$142,500, which is 57.9% less expensive than the national average of
$338,100 and 65.5% less expensive than the average New York home, at
$413,600. Renting a two-bedroom unit in Dannemora costs
$1,000 per month, which is 30.1% cheaper than the national average of
$1,430 and 96.0% cheaper than the state average of
$1,960.
Can I afford Dannemora?
To live comfortably in Dannemora (zip 12929), New York, a minimum annual income of
$27,360 for a family, and
$31,600 for a single person is recommended.
What does A.I. say about Dannemora?
The cost of living in 12929 Dannemora, NY is relatively high compared to other nearby areas. According to the best available data, the overall cost of living index for this zip code is 110.9, which is 10.9% higher than the U.S average of 100. This indicates that rents, groceries, utilities and goods & services are more expensive in this area than they are elsewhere in the country on average. Housing prices are particularly high, with an average home value of $146,543, while the median household income is lower than the national average at $42,214 per year. While these numbers may seem disheartening for potential residents looking to relocate to Dannemora, there are many advantages to living in such a beautiful rural location.