Quick facts: Verona, NY

Quick Facts

113.7
Cost of Living
above US average
6,293
Population
23.84
Crime Rate per 1000
above US average
$65,000
Median Income
below US average
$215,000
Median House Price
above US average
$1400.0
Average Rent
below US average
8%
Poverty Rate
below US average
4.5%
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.

🏠

Income Needed to Buy

βœ— Stretch
$67k/year
Based on $215,000 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $67k vs median $65,000
🏒

Income Needed to Rent

βœ“ Affordable
$60k/year
Based on $1400.0/month average rent
Annual income where rent = 28% of gross
πŸ“Š Median income ($65,000) exceeds requirement
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Verona, NY

Verona, New York, is a charming town located in Oneida County, in the central part of the state. Known for its scenic landscapes and small-town charm, Verona offers a mix of rural beauty and community spirit. It's situated near the Oneida Lake, which provides ample opportunities for outdoor recreation such as fishing, boating, and hiking. A notable feature of Verona is the Turning Stone Resort Casino, a major attraction that brings visitors for gaming, entertainment, and dining experiences. The town is also home to several parks and recreational areas, making it ideal for family activities and gatherings. The population of Verona is relatively small, fostering a close-knit community atmosphere. Residents enjoy access to local amenities, including shops, restaurants, and schools, while being just a short drive from the larger city of Utica and its urban offerings. Verona's rich history, combined with its modern attractions, makes it a unique and inviting place to live and visit. With seasonal events and community activities, it captures the essence of Upstate New York living.

πŸ” Search & Compare Places

First Location πŸ“