Cost of Living in Cooperstown, NY
Housing
The housing market plays a significant role in determining the cost of living in Cooperstown, NY.
- Housing Index: 110.0 / 100
- Median Home Price is: $475,000
- Average Rent (2 BR Apartment): $1800 per month
- Average Rent (2 BR House): $1840 per month
In Cooperstown, NY, the housing market presents a noteworthy scenario with a housing index of 110.0, reflecting a moderately competitive landscape. The median home price is set at 475000, indicating that purchasing a home might be a sizable investment, while the average rent for a 2-bedroom apartment and house stands at 1800 and 1840, respectively. As renters and buyers weigh their options, it’s worth considering the long-term benefits of home ownership over renting, especially in a market with these metrics, particularly if mortgage rates stabilize.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Cooperstown, NY.
- Electricity Price: $26.08 USD (median by state)
- Natural Gas Price: $18.13 USD per Thousand Cubic Feet (median by state)
- Other Utilities (water, garbage, etc.): $250 per month
Living in Cooperstown, NY could entail higher utility costs. Electricity costs sit at $26.08, while natural gas is priced at $18.13 per Thousand Cubic Feet — both aligning with state medians. Expect to budget about $250 monthly for other services like water and garbage. These utility expenses are vital considerations as they directly influence monthly living costs. Comparing these rates to other cities may help ascertain if Cooperstown is a financially viable option for your relocation.