According to the most recent data on the cost of living, Herkimer has an overall cost of living index of 89 which is 0.9x lower than the national index of 100.
Compared to only New York, Herkimer has a cost of living index that's 0.7x lower than New York's index of 119.
The standard of living in Herkimer ranks as #1,460 most affordable out of the 6,418 places we measured in New York. By definition, that implies Herkimer ranks as the #4,958 most expensive place in the Empire State.
|Living Expense||Herkimer||New York||National Average|
Housing swings affordability the most between places in New York, so we broke down the statistics around housing costs into more detail. It's also important to consider median household incomes to make apples-to-apples comparisons across locations.
Home and income come data comes from the most recent US Census ACS 2014-2018.
|Statistic||Herkimer||New York||United States|
|Median Home Value||$87,900||$325,000||$229,800|
|Home Value To Income||1.8x||4.6x||3.5x|
|Rent To Monthly Income||0.17x||0.22x||0.2x|
|City||Population||Cost Of Living||Vs. Herkimer|