Thriving Economy, 2nd best place to live, and affordable transportation have motivatedpeople to move to New York. But it’s not that easy for everyone. With a median home price of470K, New York can be expensive.
Should that stop you from moving to the Empire State? Absolutely NOT!
Cities like Ogdensburg and Hornell offer several budget-friendly options. While Ogdensburg offers the cost of living25.2%lower than the national average, the median home price in Hornell is$103K.
Whether you’re a retiree or a young professional looking for exciting opportunities, New York has affordable housing for everyone. Let’s explore some of the cheapest places to live in New York!
4 Reasons to live in New York 🌆
- Cheaper Houses: The median home sale price in New York is ~$729K. But you can get houses between $100K and $280K in cities like Hornell, Oneida, and Albany.
- Maintained Tax Rate: The legislation maintains the current 7.25% tax rate for three additional years for all tax years ending before January 1, 2027, providing stability for taxpayers.
- Affordable Transportation: Transportation in cities that are listed below is up to 35% lower than the national average.
- Cheaper Rentals: The rent prices of these cities are lower than the national average. You can save up to $1750 per month in rent.
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Cheapest Places to Live in New York in 2024
This list provides insights into the average household income, median listing price, population, unemployment rate, and poverty rate of the cities.
| City | Median Household Income | Median Home Value | Population | Unemployment Rate | Poverty Rate |
|---|---|---|---|---|---|
| Hornell | $47,632 | $100,292 | 8,160 | 6.7% | 18.8% |
| Ogdensburg | $58,184 | $104,647 | 9,979 | 4.0% | 18.5% |
| Niagara Falls | $45,932 | $146,383 | 47,993 | 4.8% | 25.1% |
| Oneida | $56,044 | $173,234 | 10,140 | 3.6% | 12.4% |
| Syracuse | $43,584 | $174,089 | 144,451 | 3.5% | 29.6% |
| Buffalo | $46,184 | $213,418 | 276,486 | 5.2% | 27.2% |
| Albany | $54,736 | $281,584 | 100,826 | 4.2% | 23.3% |
7 Cheapest Places to Live in NY
The annual population growth of 1.4% since 2010 is reflective of people’s intention to move to New York. If you’re considering shifting to the Big Apple State, here are some cities that offer affordable living options:
1. Hornell
| 🟢 Cost of Living Compared to National Average | 21.9%⬇️ |
| 🏡 Median Home Price | $100,292 |
| 💲 Median Rent | $1,095 |
| 🌅 Known For | Maple Trees |
Hornell is an affordable place to live in New York. Its median house rent ranges from $875 – $1,500. It also offers affordable housing which is 78% lower than the national average.
Hornell stands out as a budget-friendly city. The city features historical attractions such as the Hornell Erie Depot Museum, which showcases its significant railroad history.
»Homes for Sale in Hornell, NY:Find your dream home in Maple City.
2. Ogdensburg
| 🟢 Cost of Living Compared to National Average | 25.2%⬇️ |
| 🏡 Median Home Price | $104,647 |
| 💲 Median Rent | $1,250 |
| 🏞️ Known For | Frederic Remington Art Museum |
Ogdensburg is one of the most budget-friendly rental destinations in New York with an average home rent ranging from $375 – $3,000. It also offers affordable grocery which is 4.9% lower than the national average.
Situated on the St. Lawrence River, Ogdensburg provides picturesque views and recreational opportunities. Young families can find affordable homes around $100,000. This makes the city an attractive option for raising a family.
»Homes for Sale in Ogdensburg, NY:Browse thousands of property listings in this city.
3. Niagara Falls
| 🟢 Cost of Living Compared to National Average | 13.0%⬇️ |
| 🏡 Median Home Price | $146,383 |
| 💲 Median Rent | $1,000 |
| 🏖️ Known For | River and Waterfalls |
With rental costs below the national average, Niagara Falls stands as one of the most affordable cities to live in New York. The house rent price is between $400 – $2,400.
Niagara Falls is not only renowned for its breathtaking beauty and powerful cascades but also stands out as a great place for local business opportunities. The city attracts millions of visitors globally each year.
»Homes for Sale in Niagara Falls, NY:View all the properties for sale in this city.
4. Oneida
| 🟢 Cost of Living Compared to National Average | 15.3%⬇️ |
| 🏡 Median Home Price | $173,234 |
| 💲 Median Rent | $1,350 |
| 🏖️ Known For | Silverware Production |
Oneida offers budget-friendly living with a median rent that is $650 lower than the national median. Moreover, the utilities costs are 1.3% below the national average in the city.
Oneida is renowned for its commitment to health. It provides a suburban atmosphere that appeals to families seeking a peaceful and spacious lifestyle.
»Homes for Sale in Oneida, NY:Find your dream home in this city.
5. Syracuse
| 🟢 Cost of Living Compared to National Average | 12.6%⬇️ |
| 🏡 Median Home Price | $174,089 |
| 💲 Median Rent | $1,400 |
| 🎨 Known For | Snowfall |
Also known as The Salt City, Syracuse’s cost of living is 12.6%lowerthan the national average. The average transportation expenses are 16.7% below the national average.
Syracuse’s affordable food, health, housing, and transportation facilities make the city one of the cheapest places to live in the US.
»Homes for Sale in Syracuse, NY:Browse through thousands of properties in Salt City.
6. Buffalo
| 🟢 Cost of Living Compared to National Average | 7.9%⬇️ |
| 🏡 Median Home Price | $213,418 |
| 💲 Median Rent | $1,300 |
| 🏫 Known For | Buffalo Chicken Wings |
The house rent in Buffalo is between $300 – $5,000. With an average household income of $46,184, you can comfortably live in this city.
Buffalo’s thriving arts and entertainment scene is exemplified by attractions such as the Albright-Knox Art Gallery and Shea’s Performing Arts Center. These venues showcase a diverse range of cultural experiences, contributing to the city’s vibrant cultural landscape.
»Homes for Sale in Buffalo, NY:Find a home in one of the cheapest places to live in New York.
7. Albany
| 🟢 Cost of Living Compared to National Average | 0.7%⬇️ |
| 🏡 Median Home Price | $281,584 |
| 💲 Median Rent | $1,495 |
| 🖼️ Known For | New York State Capitol |
Albany is one of the best places to live in New York. The median home price in Albany is$281,584. The monthly expenditure on food for an individual amounts to $622, making it one of the most budget-friendly options across the country.
Albany is known for its rich history, being the capital of the state. It boasts Fortune 500 companies, such as American Express and J.P. Morgan. Also, the city offers historic sites, natural beauty, and a notable architectural feature—the Empire State Plaza.
»Homes for Sale in Albany, NY:Get yourself a home in the capital city of New York.
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The Bottom Line
The cost of living in New York is 27% higher than the national average. It is also home to some of the most expensive cities in America. However, if you want to shift to New York, you can find affordable housing in cities like Hornell, Ogdensburg, and Niagara Falls.
Cities like Buffalo and Albany have a slightly expensive cost of living but provide better job opportunities. You must research the city’s home prices and living costs before relocating.
Find Homes for Sale in NY Under Your Specific Budget
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» Best Rental Websites in America: Can’t find your dream home within your budget? Explore thousands of listings on the nation’s top rental websites.
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With thousands of property listings, Houzeo.com is one of the biggest property listing sites in the US. Find condos, townhouses, co-ops, and other types of homes for sale in New York on Houzeo.
Find Your Dream Home 🏡
View 21,924 Homes For Sale in New York
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Find cheap homes for sale in New York
» Need More Clarity?Read these exclusiveHouzeo reviewsand learn why the platform is the best in America’s competitive housing market.
Research Methodology
We’ve created this list by considering factors such as cost of living, median home price, and rental price range. We have also accounted for the population, median household income, poverty rate, and unemployment rate in these cities.
To compile this list of the cheapest areas to live in New York, we have drawn data from the Economic Research Institute,World Population Review, Best Places, and Zillow.
FAQs
Which is the cheapest place to live in New York?
The cheapest place to live in New York is Hornell.
» 7 Cheapest Places to Live in New York: Find out the other cheapest places to live in New York!
Which is the best place to live in New York?
The best place to live in New York is Syracuse, followed by Rochester, New York City, Albany, Buffalo, Binghamton, and Ithaca.
Is New York the cheapest place to live in?
No, it is not. The median home value is $729,936. If you're looking for cities with affordable housing and a low cost of living, you can try your luck in some of these cheapest places in America.
- Cheapest Places to Live in
- New York
