Niagara Falls, NY Cost Of Living
Cost Of Living In Niagara Falls, NY Summary
Cost of living in Niagara Falls 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 Niagara Falls 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 Niagara Falls is 80, with 100 being the average.
The cost of living index in Niagara Falls is 0.8x lower than the national average.
Niagara Falls ranks as the #4 cheapest in New York out of 341.
Niagara Falls ranks as the #112 cheapest out of 6,489 in the US.
The median home value in Niagara Falls is $166,960.
The median income in Niagara Falls is $48,535.
Table Of Contents
Niagara Falls's Overall Cost Of Living
Lower Than The National Average
What is the cost of living in Niagara Falls, NY?
According to the most recent data on the cost of living, Niagara Falls has an overall cost of living index of 80, which is 0.8x lower than the national index of 100.
Compared to New York, Niagara Falls has a cost of living index that's 0.7x lower than New York's index of 119.
The standard of living in Niagara Falls ranks as #4 most affordable out of the 341 places we measured in New York. By definition, that implies Niagara Falls ranks as the #337 most expensive place in the Empire State.
For more reading on life in Niagara Falls, check out:
In New York
In America
Niagara Falls Cost Of Living Vs. New York
Six factors go into calculating the cost of living index in Niagara Falls. Here is how it fairs on each of the criteria:
The Services index in Niagara Falls is 95.
The Groceries index in Niagara Falls is 98.
The Health index in Niagara Falls is 103.
The Housing index in Niagara Falls is 49.
The Transportation index in Niagara Falls is 96.
The Utilities index in Niagara Falls is 94.
| Living Expense | Niagara Falls | New York | National Average | |
|---|---|---|---|---|
| Overall | 80 | 119 | 100 | |
| Services | 95 | 110 | 100 | |
| Groceries | 98 | 103 | 100 | |
| Health | 103 | 101 | 100 | |
| Housing | 49 | 145 | 100 | |
| Transportation | 96 | 105 | 100 | |
| Utilities | 94 | 99 | 100 | |
Niagara Falls, 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 2019-2023. The key points are:
The Median Home Value in Niagara Falls is $166,960.
The Median Rent in Niagara Falls is $784.
The Median Income in Niagara Falls is $48,535.
The Home Value To Income in Niagara Falls is 3.4x.
The Rent To Monthly Income in Niagara Falls is 0.19x.
| Statistic | Niagara Falls | New York | United States |
|---|---|---|---|
| Median Home Value | $166,960 | $508,764 | $303,400 |
| Median Rent | $784 | $1,576 | $1,348 |
| Median Income | $48,535 | $84,578 | $78,538 |
| Home Value To Income | 3.4x | 6.0x | 3.9x |
| Rent To Monthly Income | 0.19x | 0.22x | 0.21x |
Median Home Value
Median Rent
Median Income
Niagara Falls, NY Costs By Category
Detailed Niagara Falls Services Costs Vs. New York
| Item | Niagara Falls | New York |
|---|---|---|
| Shampoo | $1.3 | $1.28 |
| Movie | $12.76 | $12.13 |
| Bowling | $14.6 | $18 |
| Haircut | $21.65 | $24.26 |
| Beauty Salon | $53.07 | $45.56 |
Detailed Niagara Falls Groceries Costs Vs. New York
| Item | Niagara Falls | New York |
|---|---|---|
| Ground Beef | $6.16 | $5.84 |
| Fried Chicken | $1.39 | $1.57 |
| Milk | $4.67 | $4.67 |
| Potatoes | $5.26 | $4.93 |
| Pizza | $10.99 | $12.09 |
| Beer | $10.47 | $10.41 |
| Toothpaste | $3.61 | $3.7 |
Detailed Niagara Falls Health Costs Vs. New York
| Item | Niagara Falls | New York |
|---|---|---|
| Optometrist | $75.93 | $125.68 |
| Doctor | $103.92 | $135.78 |
| Dentist | $149.67 | $113.29 |
Detailed Niagara Falls Transportation Costs Vs. New York
| Item | Niagara Falls | New York |
|---|---|---|
| Gasoline | $3.46 | $3.46 |
| Tire Balancing | $48.79 | $59.92 |
Detailed Niagara Falls Utilities Costs Vs. New York
| Item | Niagara Falls | New York |
|---|---|---|
| All Electricity | $173.44 | $193.99 |
| Phone | $195.54 | $192.25 |
Niagara Falls SnackAbility
/10
Cost Of Living In Cities Around Niagara Falls
The cost of living varies in the cities and towns around Niagara Falls. Here's a quick look at the cost of living in the most populous nearby places:
Cheektowaga, NY has a cost of living index of 88, 1.1x Niagara Falls.
Youngstown, OH has a cost of living index of 80, 1.0x Niagara Falls.
North Tonawanda, NY has a cost of living index of 86, 1.1x Niagara Falls.
| City | Population | Cost Of Living | Vs. Niagara Falls |
|---|---|---|---|
| Cheektowaga, NY | 76,251 | 88 | 1.1x |
| Youngstown, OH | 59,605 | 80 | 1.0x |
| North Tonawanda, NY | 30,338 | 86 | 1.1x |
| Eggertsville, NY | 15,416 | 94 | 1.2x |
| Kenmore, NY | 15,097 | 89 | 1.1x |
| University at Buffalo, NY | 6,776 | 100 | 1.2x |
| Harris Hill, NY | 5,853 | 108 | 1.4x |
| Williamsville, NY | 5,430 | 98 | 1.2x |
