Housing costs in Melrose?
A typical home costs
$282,500, which is 16.4% less expensive than the national average of
$338,100 and 31.7% less expensive than the average New York home, at
$413,600. Renting a two-bedroom unit in Melrose costs
$1,180 per month, which is 17.5% cheaper than the national average of
$1,430 and 66.1% cheaper than the state average of
$1,960.
Can I afford Melrose?
To live comfortably in Melrose (zip 12121), New York, a minimum annual income of
$54,000 for a family, and
$38,800 for a single person is recommended.
What does A.I. say about Melrose?
The cost of living in 12121 Melrose, NY is on the higher end of the spectrum. Housing prices are among some of the most expensive in the state, with a median home value estimated to be around $177,900. Additionally, rental prices tend to be on the steeper side with an average monthly rent being around $1,200 for a one-bedroom apartment. Other costs such as groceries and transportation can also be pricier than other areas due to its locale. Fortunately, there are plenty of job opportunities available in Melrose that help balance out these costs.