Cost of Living in Penn yan, NY
Housing
The housing market plays a significant role in determining the cost of living in Penn yan, NY.
- Housing Index: 110.0 / 100
- Median Home Price is: $239,000
- Average Rent (2 BR Apartment): $1500 per month
- Average Rent (2 BR House): $1600 per month
Considering the data for Penn yan, NY, we observe a housing index of 110.0, indicating a moderately competitive market. The median home price stands at 239000, reflecting a relatively affordable option compared to other markets. However, the average rent for a 2-bedroom apartment is 1500, while renting a 2-bedroom house costs 1600. This suggests that while buying may be a good investment, rental rates could challenge renters’ budgets. Furthermore, it’s crucial to evaluate local amenities and growth prospects before deciding on a move.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Penn yan, 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 Penn yan, 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 Penn yan is a financially viable option for your relocation.