Canton, NY Cost Of Living
Cost Of Living In Canton, NY Summary
Cost of living in Canton 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 Canton 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 Canton is 100, with 100 being the average.
The cost of living index in Canton is 1.0x lower than the national average.
Canton ranks as the #86 cheapest in New York out of 340.
Canton ranks as the #3,149 cheapest out of 6,412 in the US.
The median home value in Canton is $175,700.
The median income in Canton is $55,531.
Table Of Contents
Canton's Overall Cost Of Living
Lower Than The National Average
What is the cost of living in Canton, NY?
According to the most recent data on the cost of living, Canton has an overall cost of living index of 100, which is 1.0x lower than the national index of 100.
Compared to New York, Canton has a cost of living index that's 0.8x lower than New York's index of 126.
The standard of living in Canton ranks as #86 most affordable out of the 340 places we measured in New York. By definition, that implies Canton ranks as the #254 most expensive place in the Empire State.
For more reading on life in Canton, check out:
- Living In Canton
- Canton Crime Report
- Search Homes For Sale In Canton, NY
In New York
In America
Canton Cost Of Living Vs. New York
Six factors go into calculating the cost of living index in Canton. Here is how it fairs on each of the criteria:
The Services index in Canton is 100.
The Groceries index in Canton is 115.
The Health index in Canton is 97.
The Housing index in Canton is 87.
The Transportation index in Canton is 115.
The Utilities index in Canton is 120.
| Living Expense | Canton | New York | National Average | |
|---|---|---|---|---|
| Overall | 100 | 126 | 100 | |
| Services | 100 | 110 | 100 | |
| Groceries | 115 | 104 | 100 | |
| Health | 97 | 105 | 100 | |
| Housing | 87 | 175 | 100 | |
| Transportation | 115 | 107 | 100 | |
| Utilities | 120 | 102 | 100 | |
Canton, 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 Canton is $175,700.
The Median Rent in Canton is $746.
The Median Income in Canton is $55,531.
The Home Value To Income in Canton is 3.2x.
The Rent To Monthly Income in Canton is 0.16x.
| Statistic | Canton | New York | United States |
|---|---|---|---|
| Median Home Value | $175,700 | $340,600 | $244,900 |
| Median Rent | $746 | $1,390 | $1,163 |
| Median Income | $55,531 | $75,157 | $69,021 |
| Home Value To Income | 3.2x | 4.5x | 3.5x |
| Rent To Monthly Income | 0.16x | 0.22x | 0.2x |
Median Home Value
Median Rent
Median Income
Canton, NY Costs By Category
Detailed Canton Services Costs Vs. New York
Detailed Canton Groceries Costs Vs. New York
Detailed Canton Health Costs Vs. New York
Detailed Canton Transportation Costs Vs. New York
Detailed Canton Utilities Costs Vs. New York
Canton SnackAbility
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Cost Of Living In Cities Around Canton
The cost of living varies in the cities and towns around Canton. Here's a quick look at the cost of living in the most populous nearby places:
Morristown, TN has a cost of living index of 85, 0.8x Canton.
Massena, NY has a cost of living index of 89, 0.9x Canton.
Ogdensburg, NY has a cost of living index of 87, 0.9x Canton.
| City | Population | Cost Of Living | Vs. Canton |
|---|---|---|---|
| Morristown, TN | 30,387 | 85 | 0.8x |
| Massena, NY | 10,377 | 89 | 0.9x |
| Ogdensburg, NY | 10,153 | 87 | 0.9x |
| Potsdam, NY | 8,455 | 96 | 1.0x |
| Malone, NY | 5,396 | 92 | 0.9x |
