Herkimer, NY Cost Of Living
Cost Of Living In Herkimer, NY Summary
Cost of living in Herkimer 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 Herkimer 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 Herkimer is 89, with 100 being the average.
The cost of living index in Herkimer is 0.9x lower than the national average.
Herkimer ranks as the #29 cheapest in New York out of 340.
Herkimer ranks as the #1,460 cheapest out of 6,412 in the US.
The median home value in Herkimer is $95,800.
The median income in Herkimer is $51,051.
Table Of Contents
Herkimer's Overall Cost Of Living
Lower Than The National Average
What is the cost of living in Herkimer, NY?
According to the most recent data on the cost of living, Herkimer has an overall cost of living index of 89, which is 0.9x lower than the national index of 100.
Compared to New York, Herkimer has a cost of living index that's 0.7x lower than New York's index of 126.
The standard of living in Herkimer ranks as #29 most affordable out of the 340 places we measured in New York. By definition, that implies Herkimer ranks as the #311 most expensive place in the Empire State.
For more reading on life in Herkimer, check out:
- Living In Herkimer
- Herkimer Crime Report
- Search Homes For Sale In Herkimer, NY
In New York
In America
Herkimer Cost Of Living Vs. New York
Six factors go into calculating the cost of living index in Herkimer. Here is how it fairs on each of the criteria:
The Services index in Herkimer is 107.
The Groceries index in Herkimer is 99.
The Health index in Herkimer is 104.
The Housing index in Herkimer is 56.
The Transportation index in Herkimer is 91.
The Utilities index in Herkimer is 101.
| Living Expense | Herkimer | New York | National Average | |
|---|---|---|---|---|
| Overall | 89 | 126 | 100 | |
| Services | 107 | 110 | 100 | |
| Groceries | 99 | 104 | 100 | |
| Health | 104 | 105 | 100 | |
| Housing | 56 | 175 | 100 | |
| Transportation | 91 | 107 | 100 | |
| Utilities | 101 | 102 | 100 | |
Herkimer, 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 Herkimer is $95,800.
The Median Rent in Herkimer is $737.
The Median Income in Herkimer is $51,051.
The Home Value To Income in Herkimer is 1.9x.
The Rent To Monthly Income in Herkimer is 0.17x.
| Statistic | Herkimer | New York | United States |
|---|---|---|---|
| Median Home Value | $95,800 | $340,600 | $244,900 |
| Median Rent | $737 | $1,390 | $1,163 |
| Median Income | $51,051 | $75,157 | $69,021 |
| Home Value To Income | 1.9x | 4.5x | 3.5x |
| Rent To Monthly Income | 0.17x | 0.22x | 0.2x |
Median Home Value
Median Rent
Median Income
Herkimer, NY Costs By Category
Detailed Herkimer Services Costs Vs. New York
Detailed Herkimer Groceries Costs Vs. New York
Detailed Herkimer Health Costs Vs. New York
Detailed Herkimer Transportation Costs Vs. New York
Detailed Herkimer Utilities Costs Vs. New York
Herkimer SnackAbility
/10
Cost Of Living In Cities Around Herkimer
The cost of living varies in the cities and towns around Herkimer. Here's a quick look at the cost of living in the most populous nearby places:
Utica, NY has a cost of living index of 86, 1.0x Herkimer.
Rome, NY has a cost of living index of 88, 1.0x Herkimer.
Amsterdam, NY has a cost of living index of 93, 1.0x Herkimer.
| City | Population | Cost Of Living | Vs. Herkimer |
|---|---|---|---|
| Utica, NY | 64,723 | 86 | 1.0x |
| Rome, NY | 32,309 | 88 | 1.0x |
| Amsterdam, NY | 18,218 | 93 | 1.0x |
| Oneonta, NY | 12,764 | 96 | 1.1x |
| Ilion, NY | 7,826 | 84 | 0.9x |
| Norwich, NY | 6,982 | 88 | 1.0x |
