Cost of living in Ilion 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 Ilion 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 Ilion is 84, with 100 being the average.
The cost of living index in Ilion is 0.8x lower than the national average.
Ilion ranks as the #8 cheapest in New York out of 340.
Ilion ranks as the #629 cheapest out of 6,412 in the US.
The median home value in Ilion is $78,500.
The median income in Ilion is $62,832.
According to the most recent data on the cost of living, Ilion has an overall cost of living index of 84, which is 0.8x lower than the national index of 100.
Compared to New York, Ilion has a cost of living index that's 0.7x lower than New York's index of 126.
The standard of living in Ilion ranks as #8 most affordable out of the 340 places we measured in New York. By definition, that implies Ilion ranks as the #332 most expensive place in the Empire State.
For more reading on life in Ilion, check out:
Six factors go into calculating the cost of living index in Ilion. Here is how it fairs on each of the criteria:
The Services index in Ilion is 107.
The Groceries index in Ilion is 98.
The Health index in Ilion is 104.
The Housing index in Ilion is 46.
The Transportation index in Ilion is 91.
The Utilities index in Ilion is 99.
Living Expense | Ilion | New York | National Average | |
---|---|---|---|---|
Overall | 84 | 126 | 100 | |
Services | 107 | 110 | 100 | |
Groceries | 98 | 104 | 100 | |
Health | 104 | 105 | 100 | |
Housing | 46 | 175 | 100 | |
Transportation | 91 | 107 | 100 | |
Utilities | 99 | 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 Ilion is $78,500.
The Median Rent in Ilion is $655.
The Median Income in Ilion is $62,832.
The Home Value To Income in Ilion is 1.2x.
The Rent To Monthly Income in Ilion is 0.13x.
Statistic | Ilion | New York | United States |
---|---|---|---|
Median Home Value | $78,500 | $340,600 | $244,900 |
Median Rent | $655 | $1,390 | $1,163 |
Median Income | $62,832 | $75,157 | $69,021 |
Home Value To Income | 1.2x | 4.5x | 3.5x |
Rent To Monthly Income | 0.13x | 0.22x | 0.2x |
The cost of living varies in the cities and towns around Ilion. Here's a quick look at the cost of living in the most populous nearby places:
Utica, NY has a cost of living index of 86, 1.0x Ilion.
Rome, NY has a cost of living index of 88, 1.0x Ilion.
Amsterdam, NY has a cost of living index of 93, 1.1x Ilion.
City | Population | Cost Of Living | Vs. Ilion |
---|---|---|---|
Utica, NY | 64,723 | 86 | 1.0x |
Rome, NY | 32,309 | 88 | 1.0x |
Amsterdam, NY | 18,218 | 93 | 1.1x |
Oneonta, NY | 12,764 | 96 | 1.1x |
Herkimer, NY | 7,239 | 89 | 1.1x |
Norwich, NY | 6,982 | 88 | 1.0x |