Cost of living in Big Flats 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 Big Flats 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 Big Flats is 95, with 100 being the average.
The cost of living index in Big Flats is 0.9x lower than the national average.
Big Flats ranks as the #69 cheapest in New York out of 340.
Big Flats ranks as the #2,449 cheapest out of 6,412 in the US.
The median home value in Big Flats is $193,500.
The median income in Big Flats is $85,021.
According to the most recent data on the cost of living, Big Flats has an overall cost of living index of 95, which is 0.9x lower than the national index of 100.
Compared to New York, Big Flats has a cost of living index that's 0.8x lower than New York's index of 126.
The standard of living in Big Flats ranks as #69 most affordable out of the 340 places we measured in New York. By definition, that implies Big Flats ranks as the #271 most expensive place in the Empire State.
For more reading on life in Big Flats, check out:
Six factors go into calculating the cost of living index in Big Flats. Here is how it fairs on each of the criteria:
The Services index in Big Flats is 105.
The Groceries index in Big Flats is 102.
The Health index in Big Flats is 99.
The Housing index in Big Flats is 88.
The Transportation index in Big Flats is 97.
The Utilities index in Big Flats is 102.
Living Expense | Big Flats | New York | National Average | |
---|---|---|---|---|
Overall | 95 | 126 | 100 | |
Services | 105 | 110 | 100 | |
Groceries | 102 | 104 | 100 | |
Health | 99 | 105 | 100 | |
Housing | 88 | 175 | 100 | |
Transportation | 97 | 107 | 100 | |
Utilities | 102 | 102 | 100 |
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 Big Flats is $193,500.
The Median Rent in Big Flats is $1,211.
The Median Income in Big Flats is $85,021.
The Home Value To Income in Big Flats is 2.3x.
The Rent To Monthly Income in Big Flats is 0.17x.
Statistic | Big Flats | New York | United States |
---|---|---|---|
Median Home Value | $193,500 | $340,600 | $244,900 |
Median Rent | $1,211 | $1,390 | $1,163 |
Median Income | $85,021 | $75,157 | $69,021 |
Home Value To Income | 2.3x | 4.5x | 3.5x |
Rent To Monthly Income | 0.17x | 0.22x | 0.2x |
The cost of living varies in the cities and towns around Big Flats. Here's a quick look at the cost of living in the most populous nearby places:
Ithaca, NY has a cost of living index of 105, 1.1x Big Flats.
Elmira, NY has a cost of living index of 85, 0.9x Big Flats.
Cortland, NY has a cost of living index of 89, 0.9x Big Flats.
City | Population | Cost Of Living | Vs. Big Flats |
---|---|---|---|
Ithaca, NY | 31,819 | 105 | 1.1x |
Elmira, NY | 26,737 | 85 | 0.9x |
Cortland, NY | 17,577 | 89 | 0.9x |
Endicott, NY | 13,588 | 92 | 1.0x |
Geneva, NY | 12,577 | 91 | 1.0x |
Endwell, NY | 11,795 | 95 | 1.0x |
Corning, NY | 10,708 | 91 | 1.0x |
Hornell, NY | 8,284 | 88 | 0.9x |
South Hill, NY | 7,045 | 106 | 1.1x |
Southport, NY | 6,746 | 89 | 0.9x |