Quick facts: Hadley, NY

Quick Facts

113.7
Cost of Living
above US average
1,971
Population
7.61
Crime Rate per 1000
below US average
$65,000
Median Income
below US average
$157,777
Median House Price
above US average
$2943
Average Rent
above US average
10%
Poverty Rate
below US average
5.0%
Unemployment Rate
above US average

πŸ’΅ Affordability Calculator

Based on the 28/36 rule: housing costs should not exceed 28% of your gross income. Compared against local median income of $65,000.

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Income Needed to Buy

βœ“ Affordable
$49k/year
Based on $157,777 median home price
Assumes 30-year mortgage at 7% with 20% down payment
πŸ“Š Median income ($65,000) exceeds requirement
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Income Needed to Rent

⚠ Stretch
$126k/year
Based on $2943/month average rent
Annual income where rent = 28% of gross
⚠️ Requires $126k vs median $65,000
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Hadley, NY

Hadley is a charming town located in the southeastern part of Hamilton County, New York. Nestled in the heart of the Adirondack Mountains, it boasts stunning natural landscapes, making it a peaceful retreat for nature lovers and outdoor enthusiasts. The town sits near the scenic Great Sacandaga Lake, providing residents and visitors with ample opportunities for fishing, boating, and hiking. With a population of just over 500, Hadley maintains a close-knit community vibe. The town features historical charm with several preserved buildings and local landmarks, reflecting its rich heritage. Outdoor activities, particularly in the summer and fall, are popular, including kayaking, biking, and enjoying the vibrant foliage. Hadley is also conveniently located near the larger town of Lake Luzerne, offering additional amenities and services. The surrounding Adirondack Park offers endless opportunities for adventure, including camping, skiing, and wildlife observation. With its serene environment and recreational possibilities, Hadley is a hidden gem in New York's beautiful wilderness.

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