Lockport, NY Cost Of Living
Cost Of Living In Lockport, NY Summary
Cost of living in Lockport 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 Lockport 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 Lockport is 85, with 100 being the average.
The cost of living index in Lockport is 0.8x lower than the national average.
Lockport ranks as the #12 cheapest in New York out of 340.
Lockport ranks as the #777 cheapest out of 6,412 in the US.
The median home value in Lockport is $103,900.
The median income in Lockport is $51,819.
Table Of Contents
Lockport's Overall Cost Of Living
Lower Than The National Average
What is the cost of living in Lockport, NY?
According to the most recent data on the cost of living, Lockport has an overall cost of living index of 85, which is 0.8x lower than the national index of 100.
Compared to New York, Lockport has a cost of living index that's 0.7x lower than New York's index of 126.
The standard of living in Lockport ranks as #12 most affordable out of the 340 places we measured in New York. By definition, that implies Lockport ranks as the #328 most expensive place in the Empire State.
For more reading on life in Lockport, check out:
- Living In Lockport
- Lockport Crime Report
- Search Homes For Sale In Lockport, NY
In New York
In America
Lockport Cost Of Living Vs. New York
Six factors go into calculating the cost of living index in Lockport. Here is how it fairs on each of the criteria:
The Services index in Lockport is 101.
The Groceries index in Lockport is 92.
The Health index in Lockport is 86.
The Housing index in Lockport is 56.
The Transportation index in Lockport is 100.
The Utilities index in Lockport is 98.
| Living Expense | Lockport | New York | National Average | |
|---|---|---|---|---|
| Overall | 85 | 126 | 100 | |
| Services | 101 | 110 | 100 | |
| Groceries | 92 | 104 | 100 | |
| Health | 86 | 105 | 100 | |
| Housing | 56 | 175 | 100 | |
| Transportation | 100 | 107 | 100 | |
| Utilities | 98 | 102 | 100 | |
Lockport, 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 Lockport is $103,900.
The Median Rent in Lockport is $738.
The Median Income in Lockport is $51,819.
The Home Value To Income in Lockport is 2.0x.
The Rent To Monthly Income in Lockport is 0.17x.
| Statistic | Lockport | New York | United States |
|---|---|---|---|
| Median Home Value | $103,900 | $340,600 | $244,900 |
| Median Rent | $738 | $1,390 | $1,163 |
| Median Income | $51,819 | $75,157 | $69,021 |
| Home Value To Income | 2.0x | 4.5x | 3.5x |
| Rent To Monthly Income | 0.17x | 0.22x | 0.2x |
Median Home Value
Median Rent
Median Income
Lockport, NY Costs By Category
Detailed Lockport Services Costs Vs. New York
Detailed Lockport Groceries Costs Vs. New York
Detailed Lockport Health Costs Vs. New York
Detailed Lockport Transportation Costs Vs. New York
Detailed Lockport Utilities Costs Vs. New York
Lockport SnackAbility
/10
Cost Of Living In Cities Around Lockport
The cost of living varies in the cities and towns around Lockport. Here's a quick look at the cost of living in the most populous nearby places:
Kenmore, NY has a cost of living index of 89, 1.0x Lockport.
Eggertsville, NY has a cost of living index of 89, 1.0x Lockport.
Lancaster, NY has a cost of living index of 89, 1.0x Lockport.
| City | Population | Cost Of Living | Vs. Lockport |
|---|---|---|---|
| Kenmore, NY | 15,207 | 89 | 1.0x |
| Eggertsville, NY | 14,577 | 89 | 1.0x |
| Lancaster, NY | 10,046 | 89 | 1.0x |
| South Lockport, NY | 8,480 | 85 | 1.0x |
| Harris Hill, NY | 6,078 | 104 | 1.2x |
| Williamsville, NY | 5,419 | 93 | 1.1x |
