Housing costs in Farmington?
A typical home costs
$251,100, which is 25.7% less expensive than the national average of
$338,100 and 39.3% less expensive than the average New York home, at
$413,600. Renting a two-bedroom unit in Farmington costs
$1,530 per month, which is 7.0% more than the national average of
$1,430 and 28.1% cheaper than the state average of
$1,960.
Can I afford Farmington?
To live comfortably in Farmington (zip 14425), New York, a minimum annual income of
$48,240 for a family, and
$48,800 for a single person is recommended.
What does A.I. say about Farmington?
14425 Farmington, NY is known for having a relatively high cost of living. The median home price in the area is approximately $307,000, which is significantly higher than the national average of $231,200. Additionally, residents pay an average of $3.20 per gallon for gasoline and $2.90 per kilowatt-hour for electricity, both of which are higher than the national averages. Furthermore, monthly rent prices range from $1,250 to just over $1,500 for a two bedroom apartment in the area. While some may find these prices too high to bear, those who can afford it will enjoy their time spent in Farmington due to its beautiful scenery and outdoor recreational activities available nearby.