Corning, NY Cost Of Living
Cost Of Living In Corning, NY Summary
Cost of living in Corning 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 Corning 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 Corning is 91, with 100 being the average.
The cost of living index in Corning is 0.9x lower than the national average.
Corning ranks as the #44 cheapest in New York out of 340.
Corning ranks as the #1,804 cheapest out of 6,412 in the US.
The median home value in Corning is $123,100.
The median income in Corning is $53,269.
Table Of Contents
Corning's Overall Cost Of Living
Lower Than The National Average
What is the cost of living in Corning, NY?
According to the most recent data on the cost of living, Corning has an overall cost of living index of 91, which is 0.9x lower than the national index of 100.
Compared to New York, Corning has a cost of living index that's 0.7x lower than New York's index of 126.
The standard of living in Corning ranks as #44 most affordable out of the 340 places we measured in New York. By definition, that implies Corning ranks as the #296 most expensive place in the Empire State.
For more reading on life in Corning, check out:
- Living In Corning
- Corning Crime Report
- Search Homes For Sale In Corning, NY
In New York
In America
Corning Cost Of Living Vs. New York
Six factors go into calculating the cost of living index in Corning. Here is how it fairs on each of the criteria:
The Services index in Corning is 109.
The Groceries index in Corning is 103.
The Health index in Corning is 97.
The Housing index in Corning is 64.
The Transportation index in Corning is 105.
The Utilities index in Corning is 96.
| Living Expense | Corning | New York | National Average | |
|---|---|---|---|---|
| Overall | 91 | 126 | 100 | |
| Services | 109 | 110 | 100 | |
| Groceries | 103 | 104 | 100 | |
| Health | 97 | 105 | 100 | |
| Housing | 64 | 175 | 100 | |
| Transportation | 105 | 107 | 100 | |
| Utilities | 96 | 102 | 100 | |
Corning, 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 Corning is $123,100.
The Median Rent in Corning is $909.
The Median Income in Corning is $53,269.
The Home Value To Income in Corning is 2.3x.
The Rent To Monthly Income in Corning is 0.2x.
| Statistic | Corning | New York | United States |
|---|---|---|---|
| Median Home Value | $123,100 | $340,600 | $244,900 |
| Median Rent | $909 | $1,390 | $1,163 |
| Median Income | $53,269 | $75,157 | $69,021 |
| Home Value To Income | 2.3x | 4.5x | 3.5x |
| Rent To Monthly Income | 0.2x | 0.22x | 0.2x |
Median Home Value
Median Rent
Median Income
Corning, NY Costs By Category
Detailed Corning Services Costs Vs. New York
Detailed Corning Groceries Costs Vs. New York
Detailed Corning Health Costs Vs. New York
Detailed Corning Transportation Costs Vs. New York
Detailed Corning Utilities Costs Vs. New York
Corning SnackAbility
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Cost Of Living In Cities Around Corning
The cost of living varies in the cities and towns around Corning. Here's a quick look at the cost of living in the most populous nearby places:
Elmira, NY has a cost of living index of 85, 0.9x Corning.
Southport, NY has a cost of living index of 89, 1.0x Corning.
Horseheads, NY has a cost of living index of 93, 1.0x Corning.
| City | Population | Cost Of Living | Vs. Corning |
|---|---|---|---|
| Elmira, NY | 26,737 | 85 | 0.9x |
| Southport, NY | 6,746 | 89 | 1.0x |
| Horseheads, NY | 6,564 | 93 | 1.0x |
| Big Flats, NY | 5,929 | 95 | 1.0x |
| Bath, NY | 5,613 | 85 | 0.9x |
