Cost of Living in North tonawanda, NY
Housing
The housing market plays a significant role in determining the cost of living in North tonawanda, NY.
- Housing Index: 110.0 / 100
- Median Home Price is: $233000
- Average Rent (2 BR Apartment): $1600 per month
- Average Rent (2 BR House): $1656 per month
In analyzing the data for living in North tonawanda, NY, the housing index stands at 110.0, indicating a moderately competitive market. With a median home price of 233000, owning may be a viable investment, particularly considering the average rent for a 2-bedroom apartment at 1600 and a 2-bedroom house at 1656. This suggests a strong rental market, which could point to rising property values. Additionally, consider local amenities and job opportunities, as they significantly impact long-term desirability and affordability in real estate decision-making.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in North tonawanda, 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 North tonawanda, 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 North tonawanda is a financially viable option for your relocation.