Cost of living in Fulton 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 Fulton 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 Fulton is 88, with 100 being the average.
The cost of living index in Fulton is 0.9x lower than the national average.
Fulton ranks as the #21 cheapest in New York out of 340.
Fulton ranks as the #1,278 cheapest out of 6,412 in the US.
The median home value in Fulton is $81,000.
The median income in Fulton is $46,959.
According to the most recent data on the cost of living, Fulton has an overall cost of living index of 88, which is 0.9x lower than the national index of 100.
Compared to New York, Fulton has a cost of living index that's 0.7x lower than New York's index of 126.
The standard of living in Fulton ranks as #21 most affordable out of the 340 places we measured in New York. By definition, that implies Fulton ranks as the #319 most expensive place in the Empire State.
For more reading on life in Fulton, check out:
Six factors go into calculating the cost of living index in Fulton. Here is how it fairs on each of the criteria:
The Services index in Fulton is 102.
The Groceries index in Fulton is 102.
The Health index in Fulton is 99.
The Housing index in Fulton is 51.
The Transportation index in Fulton is 98.
The Utilities index in Fulton is 102.
Living Expense | Fulton | New York | National Average | |
---|---|---|---|---|
Overall | 88 | 126 | 100 | |
Services | 102 | 110 | 100 | |
Groceries | 102 | 104 | 100 | |
Health | 99 | 105 | 100 | |
Housing | 51 | 175 | 100 | |
Transportation | 98 | 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 Fulton is $81,000.
The Median Rent in Fulton is $808.
The Median Income in Fulton is $46,959.
The Home Value To Income in Fulton is 1.7x.
The Rent To Monthly Income in Fulton is 0.21x.
Statistic | Fulton | New York | United States |
---|---|---|---|
Median Home Value | $81,000 | $340,600 | $244,900 |
Median Rent | $808 | $1,390 | $1,163 |
Median Income | $46,959 | $75,157 | $69,021 |
Home Value To Income | 1.7x | 4.5x | 3.5x |
Rent To Monthly Income | 0.21x | 0.22x | 0.2x |
The cost of living varies in the cities and towns around Fulton. Here's a quick look at the cost of living in the most populous nearby places:
Oswego, NY has a cost of living index of 89, 1.0x Fulton.
Fairmount, NY has a cost of living index of 93, 1.1x Fulton.
Baldwinsville, NY has a cost of living index of 93, 1.1x Fulton.
City | Population | Cost Of Living | Vs. Fulton |
---|---|---|---|
Oswego, NY | 17,105 | 89 | 1.0x |
Fairmount, NY | 10,292 | 93 | 1.1x |
Baldwinsville, NY | 7,739 | 93 | 1.1x |
North Syracuse, NY | 6,796 | 92 | 1.0x |
Solvay, NY | 6,661 | 90 | 1.0x |
Mattydale, NY | 6,250 | 91 | 1.0x |