Salamanca, NY Cost Of Living
Cost Of Living In Salamanca, NY Summary
Cost of living in Salamanca 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 Salamanca 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 Salamanca is 82, with 100 being the average.
The cost of living index in Salamanca is 0.8x lower than the national average.
Salamanca ranks as the #4 cheapest in New York out of 340.
Salamanca ranks as the #377 cheapest out of 6,412 in the US.
The median home value in Salamanca is $67,100.
The median income in Salamanca is $36,047.
Table Of Contents
Salamanca's Overall Cost Of Living
Lower Than The National Average
What is the cost of living in Salamanca, NY?
According to the most recent data on the cost of living, Salamanca has an overall cost of living index of 82, which is 0.8x lower than the national index of 100.
Compared to New York, Salamanca has a cost of living index that's 0.7x lower than New York's index of 126.
The standard of living in Salamanca ranks as #4 most affordable out of the 340 places we measured in New York. By definition, that implies Salamanca ranks as the #336 most expensive place in the Empire State.
For more reading on life in Salamanca, check out:
- Living In Salamanca
- Salamanca Crime Report
- Search Homes For Sale In Salamanca, NY
In New York
In America
Salamanca Cost Of Living Vs. New York
Six factors go into calculating the cost of living index in Salamanca. Here is how it fairs on each of the criteria:
The Services index in Salamanca is 98.
The Groceries index in Salamanca is 92.
The Health index in Salamanca is 85.
The Housing index in Salamanca is 44.
The Transportation index in Salamanca is 98.
The Utilities index in Salamanca is 96.
| Living Expense | Salamanca | New York | National Average | |
|---|---|---|---|---|
| Overall | 82 | 126 | 100 | |
| Services | 98 | 110 | 100 | |
| Groceries | 92 | 104 | 100 | |
| Health | 85 | 105 | 100 | |
| Housing | 44 | 175 | 100 | |
| Transportation | 98 | 107 | 100 | |
| Utilities | 96 | 102 | 100 | |
Salamanca, 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 Salamanca is $67,100.
The Median Rent in Salamanca is $675.
The Median Income in Salamanca is $36,047.
The Home Value To Income in Salamanca is 1.9x.
The Rent To Monthly Income in Salamanca is 0.22x.
| Statistic | Salamanca | New York | United States |
|---|---|---|---|
| Median Home Value | $67,100 | $340,600 | $244,900 |
| Median Rent | $675 | $1,390 | $1,163 |
| Median Income | $36,047 | $75,157 | $69,021 |
| Home Value To Income | 1.9x | 4.5x | 3.5x |
| Rent To Monthly Income | 0.22x | 0.22x | 0.2x |
Median Home Value
Median Rent
Median Income
Salamanca, NY Costs By Category
Detailed Salamanca Services Costs Vs. New York
Detailed Salamanca Groceries Costs Vs. New York
Detailed Salamanca Health Costs Vs. New York
Detailed Salamanca Transportation Costs Vs. New York
Detailed Salamanca Utilities Costs Vs. New York
Salamanca SnackAbility
/10
Cost Of Living In Cities Around Salamanca
The cost of living varies in the cities and towns around Salamanca. Here's a quick look at the cost of living in the most populous nearby places:
West Seneca, NY has a cost of living index of 91, 1.1x Salamanca.
Jamestown, NY has a cost of living index of 82, 1.0x Salamanca.
Lackawanna, NY has a cost of living index of 82, 1.0x Salamanca.
| City | Population | Cost Of Living | Vs. Salamanca |
|---|---|---|---|
| West Seneca, NY | 45,390 | 91 | 1.1x |
| Jamestown, NY | 28,818 | 82 | 1.0x |
| Lackawanna, NY | 19,697 | 82 | 1.0x |
| Olean, NY | 13,941 | 83 | 1.0x |
| Dunkirk, NY | 12,651 | 80 | 1.0x |
| Fredonia, NY | 10,018 | 90 | 1.1x |
| Hamburg, NY | 9,722 | 91 | 1.1x |
| Warren, PA | 9,363 | 84 | 1.0x |
| Bradford, PA | 7,913 | 78 | 1.0x |
| East Aurora, NY | 6,095 | 97 | 1.2x |
