Cortland, NY Cost Of Living
Cost Of Living In Cortland, NY Summary
Cost of living in Cortland 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 Cortland 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 Cortland is 89, with 100 being the average.
The cost of living index in Cortland is 0.9x lower than the national average.
Cortland ranks as the #29 cheapest in New York out of 340.
Cortland ranks as the #1,460 cheapest out of 6,412 in the US.
The median home value in Cortland is $115,400.
The median income in Cortland is $50,697.
Table Of Contents
Cortland's Overall Cost Of Living
Lower Than The National Average
What is the cost of living in Cortland, NY?
According to the most recent data on the cost of living, Cortland has an overall cost of living index of 89, which is 0.9x lower than the national index of 100.
Compared to New York, Cortland has a cost of living index that's 0.7x lower than New York's index of 126.
The standard of living in Cortland ranks as #29 most affordable out of the 340 places we measured in New York. By definition, that implies Cortland ranks as the #311 most expensive place in the Empire State.
For more reading on life in Cortland, check out:
- Living In Cortland
- Cortland Crime Report
- Search Homes For Sale In Cortland, NY
In New York
In America
Cortland Cost Of Living Vs. New York
Six factors go into calculating the cost of living index in Cortland. Here is how it fairs on each of the criteria:
The Services index in Cortland is 105.
The Groceries index in Cortland is 101.
The Health index in Cortland is 96.
The Housing index in Cortland is 58.
The Transportation index in Cortland is 97.
The Utilities index in Cortland is 103.
| Living Expense | Cortland | New York | National Average | |
|---|---|---|---|---|
| Overall | 89 | 126 | 100 | |
| Services | 105 | 110 | 100 | |
| Groceries | 101 | 104 | 100 | |
| Health | 96 | 105 | 100 | |
| Housing | 58 | 175 | 100 | |
| Transportation | 97 | 107 | 100 | |
| Utilities | 103 | 102 | 100 | |
Cortland, 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 Cortland is $115,400.
The Median Rent in Cortland is $785.
The Median Income in Cortland is $50,697.
The Home Value To Income in Cortland is 2.3x.
The Rent To Monthly Income in Cortland is 0.19x.
| Statistic | Cortland | New York | United States |
|---|---|---|---|
| Median Home Value | $115,400 | $340,600 | $244,900 |
| Median Rent | $785 | $1,390 | $1,163 |
| Median Income | $50,697 | $75,157 | $69,021 |
| Home Value To Income | 2.3x | 4.5x | 3.5x |
| Rent To Monthly Income | 0.19x | 0.22x | 0.2x |
Median Home Value
Median Rent
Median Income
Cortland, NY Costs By Category
Detailed Cortland Services Costs Vs. New York
Detailed Cortland Groceries Costs Vs. New York
Detailed Cortland Health Costs Vs. New York
Detailed Cortland Transportation Costs Vs. New York
Detailed Cortland Utilities Costs Vs. New York
Cortland SnackAbility
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Cost Of Living In Cities Around Cortland
The cost of living varies in the cities and towns around Cortland. Here's a quick look at the cost of living in the most populous nearby places:
Ithaca, NY has a cost of living index of 105, 1.2x Cortland.
Endwell, NY has a cost of living index of 95, 1.1x Cortland.
Fairmount, NY has a cost of living index of 93, 1.0x Cortland.
| City | Population | Cost Of Living | Vs. Cortland |
|---|---|---|---|
| Ithaca, NY | 31,819 | 105 | 1.2x |
| Endwell, NY | 11,795 | 95 | 1.1x |
| Fairmount, NY | 10,292 | 93 | 1.0x |
| South Hill, NY | 7,045 | 106 | 1.2x |
| North Syracuse, NY | 6,796 | 92 | 1.0x |
| Seneca Falls, NY | 6,700 | 89 | 1.0x |
| Solvay, NY | 6,661 | 90 | 1.0x |
| Big Flats, NY | 5,929 | 95 | 1.1x |
| Penn Yan, NY | 5,268 | 93 | 1.0x |
