Cost of Living in Peru, NY
Housing
The housing market plays a significant role in determining the cost of living in Peru, NY.
- Housing Index: 90.0 / 100
- Median Home Price is: $240,000
- Average Rent (2 BR Apartment): $1640 per month
- Average Rent (2 BR House): $1700 per month
When considering a move to Peru, NY, the housing index of 90.0 indicates a somewhat affordable market compared to national averages. With a median home price of 240000, purchasing a home could be a viable option for many buyers. Renting, however, shows average prices at 1640 for a 2-bedroom apartment and 1700 for a 2-bedroom house, which may require closer scrutiny of your budget. Overall, homeowners typically benefit from potential long-term appreciation versus the ongoing costs of renting, so weigh your options carefully.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Peru, 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.): $200 per month
Living in Peru, 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 $200 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 Peru is a financially viable option for your relocation.