Zip 14072 (Grand Island, NY) Cost of Living


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Grand Island cost of living score
92.1
Less expensive
7.9% lower
than the US average
24.2% lower
than the New York average
Grand Island (zip 14072), New York gets a BestPlaces Cost of Living score of 92.1, which means the total cost of housing, food, childcare, transportation, healthcare, taxes, and other necessities is 7.9% lower than the U.S. average and 24.2% lower than the average for New York.

Zip 14072 (Grand Island, NY)

Housing costs in Grand Island?
A typical home costs $320,500, which is 5.2% less expensive than the national average of $338,100 and 22.5% less expensive than the average New York home, at $413,600. Renting a two-bedroom unit in Grand Island costs $1,300 per month, which is 9.1% cheaper than the national average of $1,430 and 50.8% cheaper than the state average of $1,960.

Can I afford Grand Island?
To live comfortably in Grand Island (zip 14072), New York, a minimum annual income of $61,560 for a family, and $44,000 for a single person is recommended.

What does A.I. say about Grand Island?
The cost of living in 14072 Grand Island, NY is relatively affordable compared to other parts of the country. The median home value is $246,400, which is significantly lower than the national average of $277,500. Additionally, the median household income is $63,611; slightly lower than the US average of $68,703. For those looking for a place to live with an affordable housing market and reasonable cost of living expenses, Grand Island may be an ideal location.
   Cost of living score
     CategoriesGrand IslandNew YorkUnited States
  92.1121.5100.0
  103.9103.8100
  105.2120.7100.0
  101.4127.9100.0
  $320,500$413,600$338,100
  109.2%115.9%100.0%
  96.4140.7100.0
  132.1121.8100.0

   100=National Average

   Average Rent by Bedroom Size
Crime