Rensselaer, NY Cost Of Living

Demographics | Cost Of Living
Updated: 2023-11-15

Cost Of Living In Rensselaer, NY Summary

Cost of living in Rensselaer 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 Rensselaer 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 Rensselaer is 100, with 100 being the average.

  • The cost of living index in Rensselaer is 1.0x lower than the national average.

  • Rensselaer ranks as the #86 cheapest in New York out of 340.

  • Rensselaer ranks as the #3,149 cheapest out of 6,412 in the US.

  • The median home value in Rensselaer is $175,000.

  • The median income in Rensselaer is $66,136.

Table Of Contents

  1. Summary
  2. National Comparison
  3. Housing Breakdown
  4. Detailed Pricing
  5. Nearby Comparisons
100
Rensselaer's Overall Cost Of Living
1.0x
Lower Than The National Average

What is the cost of living in Rensselaer, NY?

According to the most recent data on the cost of living, Rensselaer has an overall cost of living index of 100, which is 1.0x lower than the national index of 100.

Compared to New York, Rensselaer has a cost of living index that's 0.8x lower than New York's index of 126.

The standard of living in Rensselaer ranks as #86 most affordable out of the 340 places we measured in New York. By definition, that implies Rensselaer ranks as the #254 most expensive place in the Empire State.

For more reading on life in Rensselaer, check out:

86 out of 340
In New York
3,149 out of 6,412
In America

Rensselaer Cost Of Living Vs. New York

Six factors go into calculating the cost of living index in Rensselaer. Here is how it fairs on each of the criteria:

  • The Services index in Rensselaer is 108.

  • The Groceries index in Rensselaer is 113.

  • The Health index in Rensselaer is 103.

  • The Housing index in Rensselaer is 76.

  • The Transportation index in Rensselaer is 104.

  • The Utilities index in Rensselaer is 100.

Living Expense Rensselaer New York National Average
Overall 100 126 100
Services 108 110 100
Groceries 113 104 100
Health 103 105 100
Housing 76 175 100
Transportation 104 107 100
Utilities 100 102 100
For more reading on cost of living around New York, check out:
Rensselaer Cost of Living Vs. NY

Rensselaer, 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 Rensselaer is $175,000.

  • The Median Rent in Rensselaer is $1,005.

  • The Median Income in Rensselaer is $66,136.

  • The Home Value To Income in Rensselaer is 2.6x.

  • The Rent To Monthly Income in Rensselaer is 0.18x.

Statistic Rensselaer New York United States
Median Home Value $175,000 $340,600 $244,900
Median Rent $1,005 $1,390 $1,163
Median Income $66,136 $75,157 $69,021
Home Value To Income 2.6x 4.5x 3.5x
Rent To Monthly Income 0.18x 0.22x 0.2x
Search Homes For Sale In Rensselaer, NY
$175,000
Median Home Value
$1,005
Median Rent
$66,136
Median Income

Rensselaer, NY Costs By Category

Detailed Rensselaer Services Costs Vs. New York

Item Rensselaer New York
Shampoo $1.06 $1.06
Movie $14.09 $10.68
Bowling $17.0 $14.67
Haircut $21.64 $18.62
Beauty Salon $45.78 $39.05

Detailed Rensselaer Groceries Costs Vs. New York

Item Rensselaer New York
Ground Beef $3.6 $4.22
Fried Chicken $1.56 $1.39
Milk $2.44 $2.05
Potatoes $3.46 $3.29
Pizza $10.52 $10.62
Beer $9.93 $9.38
Toothpaste $2.41 $2.34

Detailed Rensselaer Health Costs Vs. New York

Item Rensselaer New York
Optometrist $142.69 $108.57
Doctor $102.25 $116.17
Dentist $110.33 $99.13

Detailed Rensselaer Transportation Costs Vs. New York

Item Rensselaer New York
Gasoline $2.36 $2.22
Tire Balancing $48.79 $50.07

Detailed Rensselaer Utilities Costs Vs. New York

Item Rensselaer New York
All Electricity $163.41 $167.67
Phone $188.21 $175.64

Rensselaer SnackAbility

6
/10
Overall SnackAbility
Jobs
7/10
Housing
7
Affordability
8
Diversity
8
Safety
N/A
Amenities
8.5
Education
8
Commute
8

Cost Of Living In Cities Around Rensselaer

The cost of living varies in the cities and towns around Rensselaer. Here's a quick look at the cost of living in the most populous nearby places:

  • Albany, NY has a cost of living index of 104, 1.0x Rensselaer.

  • Troy, NY has a cost of living index of 101, 1.0x Rensselaer.

  • Rotterdam, NY has a cost of living index of 104, 1.0x Rensselaer.

City Population Cost Of Living Vs. Rensselaer
Albany, NY 99,402 104 1.0x
Troy, NY 50,717 101 1.0x
Rotterdam, NY 22,584 104 1.0x
Niskayuna, NY 20,369 110 1.1x
Cohoes, NY 17,931 101 1.0x
East Glenville, NY 11,687 109 1.1x
Watervliet, NY 10,363 97 1.0x
Colonie, NY 7,792 107 1.1x
Westmere, NY 7,730 111 1.1x
Scotia, NY 7,305 98 1.0x

Articles About New York

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