Scotia, NY Cost Of Living
Cost Of Living In Scotia, NY Summary
Cost of living in Scotia 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 Scotia 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 Scotia is 98, with 100 being the average.
The cost of living index in Scotia is 1.0x lower than the national average.
Scotia ranks as the #80 cheapest in New York out of 340.
Scotia ranks as the #2,890 cheapest out of 6,412 in the US.
The median home value in Scotia is $153,200.
The median income in Scotia is $63,097.
Table Of Contents
Scotia's Overall Cost Of Living
Lower Than The National Average
What is the cost of living in Scotia, NY?
According to the most recent data on the cost of living, Scotia has an overall cost of living index of 98, which is 1.0x lower than the national index of 100.
Compared to New York, Scotia has a cost of living index that's 0.8x lower than New York's index of 126.
The standard of living in Scotia ranks as #80 most affordable out of the 340 places we measured in New York. By definition, that implies Scotia ranks as the #260 most expensive place in the Empire State.
For more reading on life in Scotia, check out:
- Living In Scotia
- Scotia Crime Report
- Search Homes For Sale In Scotia, NY
In New York
In America
Scotia Cost Of Living Vs. New York
Six factors go into calculating the cost of living index in Scotia. Here is how it fairs on each of the criteria:
The Services index in Scotia is 108.
The Groceries index in Scotia is 112.
The Health index in Scotia is 105.
The Housing index in Scotia is 76.
The Transportation index in Scotia is 105.
The Utilities index in Scotia is 101.
| Living Expense | Scotia | New York | National Average | |
|---|---|---|---|---|
| Overall | 98 | 126 | 100 | |
| Services | 108 | 110 | 100 | |
| Groceries | 112 | 104 | 100 | |
| Health | 105 | 105 | 100 | |
| Housing | 76 | 175 | 100 | |
| Transportation | 105 | 107 | 100 | |
| Utilities | 101 | 102 | 100 | |
Scotia, 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 Scotia is $153,200.
The Median Rent in Scotia is $899.
The Median Income in Scotia is $63,097.
The Home Value To Income in Scotia is 2.4x.
The Rent To Monthly Income in Scotia is 0.17x.
| Statistic | Scotia | New York | United States |
|---|---|---|---|
| Median Home Value | $153,200 | $340,600 | $244,900 |
| Median Rent | $899 | $1,390 | $1,163 |
| Median Income | $63,097 | $75,157 | $69,021 |
| Home Value To Income | 2.4x | 4.5x | 3.5x |
| Rent To Monthly Income | 0.17x | 0.22x | 0.2x |
Median Home Value
Median Rent
Median Income
Scotia, NY Costs By Category
Detailed Scotia Services Costs Vs. New York
Detailed Scotia Groceries Costs Vs. New York
Detailed Scotia Health Costs Vs. New York
Detailed Scotia Transportation Costs Vs. New York
Detailed Scotia Utilities Costs Vs. New York
Scotia SnackAbility
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Cost Of Living In Cities Around Scotia
The cost of living varies in the cities and towns around Scotia. 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, 1.1x Scotia.
Schenectady, NY has a cost of living index of 97, 1.0x Scotia.
Saratoga Springs, NY has a cost of living index of 122, 1.2x Scotia.
| City | Population | Cost Of Living | Vs. Scotia |
|---|---|---|---|
| Albany, NY | 99,402 | 104 | 1.1x |
| Schenectady, NY | 66,809 | 97 | 1.0x |
| Saratoga Springs, NY | 28,110 | 122 | 1.2x |
| Rotterdam, NY | 22,584 | 104 | 1.1x |
| Niskayuna, NY | 20,369 | 110 | 1.1x |
| Cohoes, NY | 17,931 | 101 | 1.0x |
| East Glenville, NY | 11,687 | 109 | 1.1x |
| Rensselaer, NY | 9,330 | 100 | 1.0x |
| Colonie, NY | 7,792 | 107 | 1.1x |
| Westmere, NY | 7,730 | 111 | 1.1x |
