Ithaca, NY Cost Of Living
Cost Of Living In Ithaca, NY Summary
Cost of living in Ithaca 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 Ithaca 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 Ithaca is 105, with 100 being the average.
The cost of living index in Ithaca is 1.1x higher than the national average.
Ithaca ranks as the #100 cheapest in New York out of 340.
Ithaca ranks as the #3,676 cheapest out of 6,412 in the US.
The median home value in Ithaca is $282,000.
The median income in Ithaca is $40,973.
Table Of Contents
Ithaca's Overall Cost Of Living
Higher Than The National Average
What is the cost of living in Ithaca, NY?
According to the most recent data on the cost of living, Ithaca has an overall cost of living index of 105, which is 1.1x higher than the national index of 100.
Compared to New York, Ithaca has a cost of living index that's 0.8x lower than New York's index of 126.
The standard of living in Ithaca ranks as #100 most affordable out of the 340 places we measured in New York. By definition, that implies Ithaca ranks as the #240 most expensive place in the Empire State.
For more reading on life in Ithaca, check out:
- Living In Ithaca
- Ithaca Crime Report
- Search Homes For Sale In Ithaca, NY
In New York
In America
Ithaca Cost Of Living Vs. New York
Six factors go into calculating the cost of living index in Ithaca. Here is how it fairs on each of the criteria:
The Services index in Ithaca is 104.
The Groceries index in Ithaca is 103.
The Health index in Ithaca is 99.
The Housing index in Ithaca is 117.
The Transportation index in Ithaca is 96.
The Utilities index in Ithaca is 102.
| Living Expense | Ithaca | New York | National Average | |
|---|---|---|---|---|
| Overall | 105 | 126 | 100 | |
| Services | 104 | 110 | 100 | |
| Groceries | 103 | 104 | 100 | |
| Health | 99 | 105 | 100 | |
| Housing | 117 | 175 | 100 | |
| Transportation | 96 | 107 | 100 | |
| Utilities | 102 | 102 | 100 | |
Ithaca, NY Housing Cost Breakdown
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 2017-2021. The key points are:
The Median Home Value in Ithaca is $282,000.
The Median Rent in Ithaca is $1,248.
The Median Income in Ithaca is $40,973.
The Home Value To Income in Ithaca is 6.9x.
The Rent To Monthly Income in Ithaca is 0.37x.
| Statistic | Ithaca | New York | United States |
|---|---|---|---|
| Median Home Value | $282,000 | $340,600 | $244,900 |
| Median Rent | $1,248 | $1,390 | $1,163 |
| Median Income | $40,973 | $75,157 | $69,021 |
| Home Value To Income | 6.9x | 4.5x | 3.5x |
| Rent To Monthly Income | 0.37x | 0.22x | 0.2x |
Median Home Value
Median Rent
Median Income
Ithaca, NY Costs By Category
Detailed Ithaca Services Costs Vs. New York
Detailed Ithaca Groceries Costs Vs. New York
Detailed Ithaca Health Costs Vs. New York
Detailed Ithaca Transportation Costs Vs. New York
Detailed Ithaca Utilities Costs Vs. New York
Ithaca SnackAbility
/10
Cost Of Living In Cities Around Ithaca
The cost of living varies in the cities and towns around Ithaca. Here's a quick look at the cost of living in the most populous nearby places:
Endwell, NY has a cost of living index of 95, 0.9x Ithaca.
Fairmount, NY has a cost of living index of 93, 0.9x Ithaca.
Baldwinsville, NY has a cost of living index of 93, 0.9x Ithaca.
| City | Population | Cost Of Living | Vs. Ithaca |
|---|---|---|---|
| Endwell, NY | 11,795 | 95 | 0.9x |
| Fairmount, NY | 10,292 | 93 | 0.9x |
| Baldwinsville, NY | 7,739 | 93 | 0.9x |
| South Hill, NY | 7,045 | 106 | 1.0x |
| Seneca Falls, NY | 6,700 | 89 | 0.8x |
| Solvay, NY | 6,661 | 90 | 0.9x |
| Big Flats, NY | 5,929 | 95 | 0.9x |
| Sayre, PA | 5,484 | 94 | 0.9x |
| Penn Yan, NY | 5,268 | 93 | 0.9x |
