Quick facts: North tonawanda, NY

Quick Facts

113.7
Cost of Living
above US average
30,235
Population
12.27
Crime Rate per 1000
below US average
$66,836
Median Income
below US average
$239,000
Median House Price
above US average
$1375.63
Average Rent
below US average
6%
Poverty Rate
below US average
3.5%
Unemployment Rate
below 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 $66,836.

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Income Needed to Buy

βœ— Stretch
$75k/year
Based on $239,000 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $75k vs median $66,836
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Income Needed to Rent

βœ“ Affordable
$59k/year
Based on $1375.63/month average rent
Annual income where rent = 28% of gross
πŸ“Š Median income ($66,836) exceeds requirement
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for North tonawanda, NY

North Tonawanda is a city located in Niagara County, New York, situated at the eastern banks of the Niagara River. It is part of the Buffalo-Niagara Falls Metropolitan Statistical Area. This charming city is known for its rich history, primarily tied to the timber and lumber industries in the late 19th century. The area features a mix of residential neighborhoods and small businesses, contributing to a close-knit community feel. North Tonawanda boasts several parks and recreational facilities, making it a great place for outdoor activities. The Erie Canal runs through the city, offering picturesque waterfront views and recreational opportunities such as boating, fishing, and cycling along the canal trails. Culturally, North Tonawanda hosts various local events and festivals throughout the year, fostering community ties and celebrating local heritage. The city is also home to historical sites, including the North Tonawanda History Museum. Overall, North Tonawanda presents a balance of recreational spaces, community spirit, and historical significance, making it an appealing place to live and visit.

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