Housing costs in Ellicottville?
A typical home costs
$347,400, which is 2.8% more expensive than the national average of
$338,100 and 16.0% less expensive than the average New York home, at
$413,600. Renting a two-bedroom unit in Ellicottville costs
$770 per month, which is 46.2% cheaper than the national average of
$1,430 and 154.5% cheaper than the state average of
$1,960.
Can I afford Ellicottville?
To live comfortably in Ellicottville (zip 14731), New York, a minimum annual income of
$66,600 for a family, and
$24,800 for a single person is recommended.
What does A.I. say about Ellicottville?
The cost of living in 14731 Ellicottville, NY is slightly higher than the national average. The median home value is around $204,000, which is significantly higher than the US average of $184,700. The median household income in this area is also above the national average at $48,938 compared to the US median of $57,652. Transportation costs are also less expensive than most other places in New York state due to its rural location. The unemployment rate and poverty level are fairly low at 4.2% and 9.9%, respectively. All in all, Ellicottville boasts a livable cost of living that is higher than most other places in the US but still remains reasonably affordable for many families.