Cost of living in Hornell 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 Hornell 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 Hornell is 83, with 100 being the average.
The cost of living index in Hornell is 0.8x lower than the national average.
Hornell ranks as the #7 cheapest in New York out of 341.
Hornell ranks as the #306 cheapest out of 6,489 in the US.
The median home value in Hornell is $109,651.
The median income in Hornell is $46,321.
According to the most recent data on the cost of living, Hornell has an overall cost of living index of 83, which is 0.8x lower than the national index of 100.
Compared to New York, Hornell has a cost of living index that's 0.7x lower than New York's index of 119.
The standard of living in Hornell ranks as #7 most affordable out of the 341 places we measured in New York. By definition, that implies Hornell ranks as the #334 most expensive place in the Empire State.
For more reading on life in Hornell, check out:
Six factors go into calculating the cost of living index in Hornell. Here is how it fairs on each of the criteria:
The Services index in Hornell is 102.
The Groceries index in Hornell is 98.
The Health index in Hornell is 99.
The Housing index in Hornell is 45.
The Transportation index in Hornell is 106.
The Utilities index in Hornell is 93.
| Living Expense | Hornell | New York | National Average | |
|---|---|---|---|---|
| Overall | 83 | 119 | 100 | |
| Services | 102 | 110 | 100 | |
| Groceries | 98 | 103 | 100 | |
| Health | 99 | 101 | 100 | |
| Housing | 45 | 145 | 100 | |
| Transportation | 106 | 105 | 100 | |
| Utilities | 93 | 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 Hornell is $109,651.
The Median Rent in Hornell is $769.
The Median Income in Hornell is $46,321.
The Home Value To Income in Hornell is 2.4x.
The Rent To Monthly Income in Hornell is 0.2x.
The cost of living varies in the cities and towns around Hornell. Here's a quick look at the cost of living in the most populous nearby places:
Elmira, NY has a cost of living index of 88, 1.1x Hornell.
Olean, NY has a cost of living index of 82, 1.0x Hornell.
Corning, NY has a cost of living index of 94, 1.1x Hornell.
| City | Population | Cost Of Living | Vs. Hornell |
|---|---|---|---|
| Elmira, NY | 26,349 | 88 | 1.1x |
| Olean, NY | 13,798 | 82 | 1.0x |
| Corning, NY | 10,666 | 94 | 1.1x |
| Canandaigua, NY | 10,542 | 101 | 1.2x |
| Geneseo, NY | 7,700 | 98 | 1.2x |
| Horseheads, NY | 6,494 | 96 | 1.2x |
| Southport, NY | 6,435 | 89 | 1.1x |
| Big Flats, NY | 5,846 | 104 | 1.3x |
| Bath, NY | 5,595 | 85 | 1.0x |