Fairmount, NY Cost Of Living
Cost Of Living In Fairmount, NY Summary
Cost of living in Fairmount 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 Fairmount 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 Fairmount is 93, with 100 being the average.
The cost of living index in Fairmount is 0.9x lower than the national average.
Fairmount ranks as the #59 cheapest in New York out of 340.
Fairmount ranks as the #2,137 cheapest out of 6,412 in the US.
The median home value in Fairmount is $143,200.
The median income in Fairmount is $74,896.
Table Of Contents
Fairmount's Overall Cost Of Living
Lower Than The National Average
What is the cost of living in Fairmount, NY?
According to the most recent data on the cost of living, Fairmount has an overall cost of living index of 93, which is 0.9x lower than the national index of 100.
Compared to New York, Fairmount has a cost of living index that's 0.7x lower than New York's index of 126.
The standard of living in Fairmount ranks as #59 most affordable out of the 340 places we measured in New York. By definition, that implies Fairmount ranks as the #281 most expensive place in the Empire State.
For more reading on life in Fairmount, check out:
- Living In Fairmount
- Search Homes For Sale In Fairmount, NY
In New York
In America
Fairmount Cost Of Living Vs. New York
Six factors go into calculating the cost of living index in Fairmount. Here is how it fairs on each of the criteria:
The Services index in Fairmount is 104.
The Groceries index in Fairmount is 103.
The Health index in Fairmount is 98.
The Housing index in Fairmount is 77.
The Transportation index in Fairmount is 97.
The Utilities index in Fairmount is 101.
| Living Expense | Fairmount | New York | National Average | |
|---|---|---|---|---|
| Overall | 93 | 126 | 100 | |
| Services | 104 | 110 | 100 | |
| Groceries | 103 | 104 | 100 | |
| Health | 98 | 105 | 100 | |
| Housing | 77 | 175 | 100 | |
| Transportation | 97 | 107 | 100 | |
| Utilities | 101 | 102 | 100 | |
Fairmount, 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 Fairmount is $143,200.
The Median Rent in Fairmount is $1,096.
The Median Income in Fairmount is $74,896.
The Home Value To Income in Fairmount is 1.9x.
The Rent To Monthly Income in Fairmount is 0.18x.
| Statistic | Fairmount | New York | United States |
|---|---|---|---|
| Median Home Value | $143,200 | $340,600 | $244,900 |
| Median Rent | $1,096 | $1,390 | $1,163 |
| Median Income | $74,896 | $75,157 | $69,021 |
| Home Value To Income | 1.9x | 4.5x | 3.5x |
| Rent To Monthly Income | 0.18x | 0.22x | 0.2x |
Median Home Value
Median Rent
Median Income
Fairmount, NY Costs By Category
Detailed Fairmount Services Costs Vs. New York
Detailed Fairmount Groceries Costs Vs. New York
Detailed Fairmount Health Costs Vs. New York
Detailed Fairmount Transportation Costs Vs. New York
Detailed Fairmount Utilities Costs Vs. New York
Fairmount SnackAbility
/10
Cost Of Living In Cities Around Fairmount
The cost of living varies in the cities and towns around Fairmount. Here's a quick look at the cost of living in the most populous nearby places:
Syracuse, NY has a cost of living index of 86, 0.9x Fairmount.
Auburn, NY has a cost of living index of 90, 1.0x Fairmount.
Fulton, NY has a cost of living index of 88, 0.9x Fairmount.
| City | Population | Cost Of Living | Vs. Fairmount |
|---|---|---|---|
| Syracuse, NY | 146,781 | 86 | 0.9x |
| Auburn, NY | 26,913 | 90 | 1.0x |
| Fulton, NY | 11,461 | 88 | 0.9x |
| Baldwinsville, NY | 7,739 | 93 | 1.0x |
| North Syracuse, NY | 6,796 | 92 | 1.0x |
| Solvay, NY | 6,661 | 90 | 1.0x |
| Mattydale, NY | 6,250 | 91 | 1.0x |
