Cost of Living in Palmyra, NY
Housing
The housing market plays a significant role in determining the cost of living in Palmyra, NY.
- Housing Index: 110.0 / 100
- Median Home Price is: $185,000
- Average Rent (2 BR Apartment): $1600 per month
- Average Rent (2 BR House): $1630 per month
Considering relocating to Palmyra, NY? With a housing index of 110.0, it indicates a slightly higher cost compared to the national average which stands at 100. The median home price is affordable at 185000, making homeownership more attainable. However, if you prefer renting, the average rent for a 2-bedroom apartment is 1600, while a house averages 1630. It's essential to weigh homeownership versus renting according to your lifestyle preferences. Coupled with local amenities and job opportunities, Palmyra presents itself as a viable option for relocation.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Palmyra, 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.): $275 per month
Living in Palmyra, 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 $275 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 Palmyra is a financially viable option for your relocation.