Cost of living in Rome 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 Rome 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 Rome is 88, with 100 being the average.
The cost of living index in Rome is 0.9x lower than the national average.
Rome ranks as the #21 cheapest in New York out of 340.
Rome ranks as the #1,278 cheapest out of 6,412 in the US.
The median home value in Rome is $105,900.
The median income in Rome is $53,995.
According to the most recent data on the cost of living, Rome has an overall cost of living index of 88, which is 0.9x lower than the national index of 100.
Compared to New York, Rome has a cost of living index that's 0.7x lower than New York's index of 126.
The standard of living in Rome ranks as #21 most affordable out of the 340 places we measured in New York. By definition, that implies Rome ranks as the #319 most expensive place in the Empire State.
For more reading on life in Rome, check out:
Six factors go into calculating the cost of living index in Rome. Here is how it fairs on each of the criteria:
The Services index in Rome is 104.
The Groceries index in Rome is 98.
The Health index in Rome is 104.
The Housing index in Rome is 59.
The Transportation index in Rome is 90.
The Utilities index in Rome is 99.
Living Expense | Rome | New York | National Average | |
---|---|---|---|---|
Overall | 88 | 126 | 100 | |
Services | 104 | 110 | 100 | |
Groceries | 98 | 104 | 100 | |
Health | 104 | 105 | 100 | |
Housing | 59 | 175 | 100 | |
Transportation | 90 | 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 Rome is $105,900.
The Median Rent in Rome is $803.
The Median Income in Rome is $53,995.
The Home Value To Income in Rome is 2.0x.
The Rent To Monthly Income in Rome is 0.18x.
Statistic | Rome | New York | United States |
---|---|---|---|
Median Home Value | $105,900 | $340,600 | $244,900 |
Median Rent | $803 | $1,390 | $1,163 |
Median Income | $53,995 | $75,157 | $69,021 |
Home Value To Income | 2.0x | 4.5x | 3.5x |
Rent To Monthly Income | 0.18x | 0.22x | 0.2x |
The cost of living varies in the cities and towns around Rome. Here's a quick look at the cost of living in the most populous nearby places:
Fort Wayne, IN has a cost of living index of 84, 1.0x Rome.
Goshen, IN has a cost of living index of 87, 1.0x Rome.
Granger, IN has a cost of living index of 105, 1.2x Rome.
City | Population | Cost Of Living | Vs. Rome |
---|---|---|---|
Fort Wayne, IN | 262,676 | 84 | 1.0x |
Goshen, IN | 34,792 | 87 | 1.0x |
Granger, IN | 30,394 | 105 | 1.2x |
Warsaw, IN | 15,905 | 86 | 1.0x |
Auburn, IN | 13,281 | 85 | 1.0x |
Sturgis, MI | 11,067 | 83 | 0.9x |
Kendallville, IN | 9,926 | 84 | 1.0x |
Bryan, OH | 8,668 | 87 | 1.0x |
Nappanee, IN | 7,132 | 83 | 0.9x |
Dunlap, IN | 7,097 | 88 | 1.0x |