Cost of living in Big Flats research summary. The cost of living index is set to 100 for the average place in the United States. A cost of living index above 100 means Big Flats is expensive. An index value below 100 means the city is a relatively cheap place to live.
On a city-by-city basis in New York, home prices and rent have the biggest impact on the cost of living. Here are the key takeaways based on Saturday Night Science:
The cost of living index in Big Flats is 104, with 100 being the average.
The cost of living index in Big Flats is 1.0x higher than the national average.
Big Flats ranks as the #99 cheapest in New York out of 341.
Big Flats ranks as the #3,063 cheapest out of 6,489 in the US.
The median home value in Big Flats is $252,956.
The median income in Big Flats is $101,771.
According to the most recent data on the cost of living, Big Flats has an overall cost of living index of 104, which is 1.0x higher than the national index of 100.
Compared to New York, Big Flats has a cost of living index that's 0.9x lower than New York's index of 119.
The standard of living in Big Flats ranks as #99 most affordable out of the 341 places we measured in New York. By definition, that implies Big Flats ranks as the #242 most expensive place in the Empire State.
For more reading on life in Big Flats, check out:
Six factors go into calculating the cost of living index in Big Flats. Here is how it fairs on each of the criteria:
The Services index in Big Flats is 102.
The Groceries index in Big Flats is 101.
The Health index in Big Flats is 103.
The Housing index in Big Flats is 106.
The Transportation index in Big Flats is 109.
The Utilities index in Big Flats is 106.
| Living Expense | Big Flats | New York | National Average | |
|---|---|---|---|---|
| Overall | 104 | 119 | 100 | |
| Services | 102 | 110 | 100 | |
| Groceries | 101 | 103 | 100 | |
| Health | 103 | 101 | 100 | |
| Housing | 106 | 145 | 100 | |
| Transportation | 109 | 105 | 100 | |
| Utilities | 106 | 99 | 100 | |
Housing swings affordability the most between places in New York, so we broke down housing costs into more detail. Home and income data comes from the most recent US Census ACS 2019-2023. The key points are:
The Median Home Value in Big Flats is $252,956.
The Median Rent in Big Flats is $1,394.
The Median Income in Big Flats is $101,771.
The Home Value To Income in Big Flats is 2.5x.
The Rent To Monthly Income in Big Flats is 0.16x.
The cost of living varies in the cities and towns around Big Flats. Here's a quick look at the cost of living in the most populous nearby places:
Ithaca, NY has a cost of living index of 111, 1.1x Big Flats.
Elmira, NY has a cost of living index of 88, 0.8x Big Flats.
Cortland, NY has a cost of living index of 90, 0.9x Big Flats.
| City | Population | Cost Of Living | Vs. Big Flats |
|---|---|---|---|
| Ithaca, NY | 31,792 | 111 | 1.1x |
| Elmira, NY | 26,349 | 88 | 0.8x |
| Cortland, NY | 17,465 | 90 | 0.9x |
| Endicott, NY | 13,456 | 85 | 0.8x |
| Geneva, NY | 12,573 | 91 | 0.9x |
| Endwell, NY | 11,821 | 91 | 0.9x |
| Corning, NY | 10,666 | 94 | 0.9x |
| Hornell, NY | 8,173 | 83 | 0.8x |
| South Hill, NY | 6,805 | 111 | 1.1x |
| Horseheads, NY | 6,494 | 96 | 0.9x |