Penn Yan, NY Cost Of Living
Cost Of Living In Penn Yan, NY Summary
Cost of living in Penn Yan 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 Penn Yan 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 Penn Yan is 93, with 100 being the average.
The cost of living index in Penn Yan is 0.9x lower than the national average.
Penn Yan ranks as the #59 cheapest in New York out of 340.
Penn Yan ranks as the #2,137 cheapest out of 6,412 in the US.
The median home value in Penn Yan is $119,600.
The median income in Penn Yan is $41,014.
Table Of Contents
Penn Yan's Overall Cost Of Living
Lower Than The National Average
What is the cost of living in Penn Yan, NY?
According to the most recent data on the cost of living, Penn Yan has an overall cost of living index of 93, which is 0.9x lower than the national index of 100.
Compared to New York, Penn Yan has a cost of living index that's 0.7x lower than New York's index of 126.
The standard of living in Penn Yan ranks as #59 most affordable out of the 340 places we measured in New York. By definition, that implies Penn Yan ranks as the #281 most expensive place in the Empire State.
For more reading on life in Penn Yan, check out:
- Living In Penn Yan
- Penn Yan Crime Report
- Search Homes For Sale In Penn Yan, NY
In New York
In America
Penn Yan Cost Of Living Vs. New York
Six factors go into calculating the cost of living index in Penn Yan. Here is how it fairs on each of the criteria:
The Services index in Penn Yan is 106.
The Groceries index in Penn Yan is 100.
The Health index in Penn Yan is 98.
The Housing index in Penn Yan is 62.
The Transportation index in Penn Yan is 108.
The Utilities index in Penn Yan is 96.
| Living Expense | Penn Yan | New York | National Average | |
|---|---|---|---|---|
| Overall | 93 | 126 | 100 | |
| Services | 106 | 110 | 100 | |
| Groceries | 100 | 104 | 100 | |
| Health | 98 | 105 | 100 | |
| Housing | 62 | 175 | 100 | |
| Transportation | 108 | 107 | 100 | |
| Utilities | 96 | 102 | 100 | |
Penn Yan, 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 Penn Yan is $119,600.
The Median Rent in Penn Yan is $665.
The Median Income in Penn Yan is $41,014.
The Home Value To Income in Penn Yan is 2.9x.
The Rent To Monthly Income in Penn Yan is 0.19x.
| Statistic | Penn Yan | New York | United States |
|---|---|---|---|
| Median Home Value | $119,600 | $340,600 | $244,900 |
| Median Rent | $665 | $1,390 | $1,163 |
| Median Income | $41,014 | $75,157 | $69,021 |
| Home Value To Income | 2.9x | 4.5x | 3.5x |
| Rent To Monthly Income | 0.19x | 0.22x | 0.2x |
Median Home Value
Median Rent
Median Income
Penn Yan, NY Costs By Category
Detailed Penn Yan Services Costs Vs. New York
Detailed Penn Yan Groceries Costs Vs. New York
Detailed Penn Yan Health Costs Vs. New York
Detailed Penn Yan Transportation Costs Vs. New York
Detailed Penn Yan Utilities Costs Vs. New York
Penn Yan SnackAbility
/10
Cost Of Living In Cities Around Penn Yan
The cost of living varies in the cities and towns around Penn Yan. Here's a quick look at the cost of living in the most populous nearby places:
Brighton, NY has a cost of living index of 101, 1.1x Penn Yan.
Ithaca, NY has a cost of living index of 105, 1.1x Penn Yan.
Geneva, NY has a cost of living index of 91, 1.0x Penn Yan.
| City | Population | Cost Of Living | Vs. Penn Yan |
|---|---|---|---|
| Brighton, NY | 36,986 | 101 | 1.1x |
| Ithaca, NY | 31,819 | 105 | 1.1x |
| Geneva, NY | 12,577 | 91 | 1.0x |
| Fairmount, NY | 10,292 | 93 | 1.0x |
| Geneseo, NY | 8,140 | 99 | 1.1x |
| South Hill, NY | 7,045 | 106 | 1.1x |
| Webster, NY | 5,717 | 96 | 1.0x |
| Fairport, NY | 5,452 | 100 | 1.1x |
