Geneva, NY Cost Of Living
Cost Of Living In Geneva, NY Summary
Cost of living in Geneva 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 Geneva 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 Geneva is 91, with 100 being the average.
The cost of living index in Geneva is 0.9x lower than the national average.
Geneva ranks as the #44 cheapest in New York out of 340.
Geneva ranks as the #1,804 cheapest out of 6,412 in the US.
The median home value in Geneva is $106,100.
The median income in Geneva is $56,019.
Table Of Contents
Geneva's Overall Cost Of Living
Lower Than The National Average
What is the cost of living in Geneva, NY?
According to the most recent data on the cost of living, Geneva has an overall cost of living index of 91, which is 0.9x lower than the national index of 100.
Compared to New York, Geneva has a cost of living index that's 0.7x lower than New York's index of 126.
The standard of living in Geneva ranks as #44 most affordable out of the 340 places we measured in New York. By definition, that implies Geneva ranks as the #296 most expensive place in the Empire State.
For more reading on life in Geneva, check out:
- Living In Geneva
- Geneva Crime Report
- Search Homes For Sale In Geneva, NY
In New York
In America
Geneva Cost Of Living Vs. New York
Six factors go into calculating the cost of living index in Geneva. Here is how it fairs on each of the criteria:
The Services index in Geneva is 108.
The Groceries index in Geneva is 101.
The Health index in Geneva is 98.
The Housing index in Geneva is 55.
The Transportation index in Geneva is 108.
The Utilities index in Geneva is 94.
| Living Expense | Geneva | New York | National Average | |
|---|---|---|---|---|
| Overall | 91 | 126 | 100 | |
| Services | 108 | 110 | 100 | |
| Groceries | 101 | 104 | 100 | |
| Health | 98 | 105 | 100 | |
| Housing | 55 | 175 | 100 | |
| Transportation | 108 | 107 | 100 | |
| Utilities | 94 | 102 | 100 | |
Geneva, 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 Geneva is $106,100.
The Median Rent in Geneva is $857.
The Median Income in Geneva is $56,019.
The Home Value To Income in Geneva is 1.9x.
The Rent To Monthly Income in Geneva is 0.18x.
| Statistic | Geneva | New York | United States |
|---|---|---|---|
| Median Home Value | $106,100 | $340,600 | $244,900 |
| Median Rent | $857 | $1,390 | $1,163 |
| Median Income | $56,019 | $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
Geneva, NY Costs By Category
Detailed Geneva Services Costs Vs. New York
Detailed Geneva Groceries Costs Vs. New York
Detailed Geneva Health Costs Vs. New York
Detailed Geneva Transportation Costs Vs. New York
Detailed Geneva Utilities Costs Vs. New York
Geneva SnackAbility
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Cost Of Living In Cities Around Geneva
The cost of living varies in the cities and towns around Geneva. Here's a quick look at the cost of living in the most populous nearby places:
Canandaigua, NY has a cost of living index of 97, 1.1x Geneva.
Newark, NY has a cost of living index of 87, 1.0x Geneva.
Seneca Falls, NY has a cost of living index of 89, 1.0x Geneva.
| City | Population | Cost Of Living | Vs. Geneva |
|---|---|---|---|
| Canandaigua, NY | 10,563 | 97 | 1.1x |
| Newark, NY | 9,049 | 87 | 1.0x |
| Seneca Falls, NY | 6,700 | 89 | 1.0x |
| Penn Yan, NY | 5,268 | 93 | 1.0x |
