Potsdam, NY Cost Of Living

Demographics | Crime | Cost Of Living
Updated: 2023-11-15

Cost Of Living In Potsdam, NY Summary

Cost of living in Potsdam 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 Potsdam 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 Potsdam is 96, with 100 being the average.

  • The cost of living index in Potsdam is 1.0x lower than the national average.

  • Potsdam ranks as the #73 cheapest in New York out of 340.

  • Potsdam ranks as the #2,601 cheapest out of 6,412 in the US.

  • The median home value in Potsdam is $120,100.

  • The median income in Potsdam is $32,969.

Table Of Contents

  1. Summary
  2. National Comparison
  3. Housing Breakdown
  4. Detailed Pricing
  5. Nearby Comparisons
96
Potsdam's Overall Cost Of Living
1.0x
Lower Than The National Average

What is the cost of living in Potsdam, NY?

According to the most recent data on the cost of living, Potsdam has an overall cost of living index of 96, which is 1.0x lower than the national index of 100.

Compared to New York, Potsdam has a cost of living index that's 0.8x lower than New York's index of 126.

The standard of living in Potsdam ranks as #73 most affordable out of the 340 places we measured in New York. By definition, that implies Potsdam ranks as the #267 most expensive place in the Empire State.

For more reading on life in Potsdam, check out:

73 out of 340
In New York
2,601 out of 6,412
In America

Potsdam Cost Of Living Vs. New York

Six factors go into calculating the cost of living index in Potsdam. Here is how it fairs on each of the criteria:

  • The Services index in Potsdam is 100.

  • The Groceries index in Potsdam is 115.

  • The Health index in Potsdam is 98.

  • The Housing index in Potsdam is 63.

  • The Transportation index in Potsdam is 115.

  • The Utilities index in Potsdam is 117.

Living Expense Potsdam New York National Average
Overall 96 126 100
Services 100 110 100
Groceries 115 104 100
Health 98 105 100
Housing 63 175 100
Transportation 115 107 100
Utilities 117 102 100
For more reading on cost of living around New York, check out:
Potsdam Cost of Living Vs. NY

Potsdam, 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 Potsdam is $120,100.

  • The Median Rent in Potsdam is $677.

  • The Median Income in Potsdam is $32,969.

  • The Home Value To Income in Potsdam is 3.6x.

  • The Rent To Monthly Income in Potsdam is 0.25x.

Statistic Potsdam New York United States
Median Home Value $120,100 $340,600 $244,900
Median Rent $677 $1,390 $1,163
Median Income $32,969 $75,157 $69,021
Home Value To Income 3.6x 4.5x 3.5x
Rent To Monthly Income 0.25x 0.22x 0.2x
Search Homes For Sale In Potsdam, NY
$120,100
Median Home Value
$677
Median Rent
$32,969
Median Income

Potsdam, NY Costs By Category

Detailed Potsdam Services Costs Vs. New York

Item Potsdam New York
Shampoo $1.21 $1.06
Movie $9.75 $10.68
Bowling $13.5 $14.67
Haircut $23.0 $18.62
Beauty Salon $49.0 $39.05

Detailed Potsdam Groceries Costs Vs. New York

Item Potsdam New York
Ground Beef $3.64 $4.22
Fried Chicken $1.37 $1.39
Milk $2.68 $2.05
Potatoes $4.09 $3.29
Pizza $10.99 $10.62
Beer $10.16 $9.38
Toothpaste $2.89 $2.34

Detailed Potsdam Health Costs Vs. New York

Item Potsdam New York
Optometrist $130.0 $108.57
Doctor $113.0 $116.17
Dentist $94.0 $99.13

Detailed Potsdam Transportation Costs Vs. New York

Item Potsdam New York
Gasoline $2.42 $2.22
Tire Balancing $63.0 $50.07

Detailed Potsdam Utilities Costs Vs. New York

Item Potsdam New York
All Electricity $224.57 $167.67
Phone $179.83 $175.64

Potsdam SnackAbility

6
/10
Overall SnackAbility
Jobs
3/10
Housing
5
Affordability
3
Diversity
8
Safety
N/A
Amenities
8.5
Education
8
Commute
10

Cost Of Living In Cities Around Potsdam

The cost of living varies in the cities and towns around Potsdam. Here's a quick look at the cost of living in the most populous nearby places:

  • Morristown, TN has a cost of living index of 85, 0.9x Potsdam.

  • Massena, NY has a cost of living index of 89, 0.9x Potsdam.

  • Ogdensburg, NY has a cost of living index of 87, 0.9x Potsdam.

City Population Cost Of Living Vs. Potsdam
Morristown, TN 30,387 85 0.9x
Massena, NY 10,377 89 0.9x
Ogdensburg, NY 10,153 87 0.9x
Canton, NY 6,994 100 1.0x
Malone, NY 5,396 92 1.0x
Saranac Lake, NY 5,003 100 1.0x

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