Solvay, NY Cost Of Living
Cost Of Living In Solvay, NY Summary
Cost of living in Solvay 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 Solvay 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 Solvay is 90, with 100 being the average.
The cost of living index in Solvay is 0.9x lower than the national average.
Solvay ranks as the #37 cheapest in New York out of 340.
Solvay ranks as the #1,633 cheapest out of 6,412 in the US.
The median home value in Solvay is $121,200.
The median income in Solvay is $50,953.
Table Of Contents
Solvay's Overall Cost Of Living
Lower Than The National Average
What is the cost of living in Solvay, NY?
According to the most recent data on the cost of living, Solvay has an overall cost of living index of 90, which is 0.9x lower than the national index of 100.
Compared to New York, Solvay has a cost of living index that's 0.7x lower than New York's index of 126.
The standard of living in Solvay ranks as #37 most affordable out of the 340 places we measured in New York. By definition, that implies Solvay ranks as the #303 most expensive place in the Empire State.
For more reading on life in Solvay, check out:
- Living In Solvay
- Solvay Crime Report
- Search Homes For Sale In Solvay, NY
In New York
In America
Solvay Cost Of Living Vs. New York
Six factors go into calculating the cost of living index in Solvay. Here is how it fairs on each of the criteria:
The Services index in Solvay is 102.
The Groceries index in Solvay is 99.
The Health index in Solvay is 99.
The Housing index in Solvay is 63.
The Transportation index in Solvay is 97.
The Utilities index in Solvay is 103.
| Living Expense | Solvay | New York | National Average | |
|---|---|---|---|---|
| Overall | 90 | 126 | 100 | |
| Services | 102 | 110 | 100 | |
| Groceries | 99 | 104 | 100 | |
| Health | 99 | 105 | 100 | |
| Housing | 63 | 175 | 100 | |
| Transportation | 97 | 107 | 100 | |
| Utilities | 103 | 102 | 100 | |
Solvay, 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 Solvay is $121,200.
The Median Rent in Solvay is $816.
The Median Income in Solvay is $50,953.
The Home Value To Income in Solvay is 2.4x.
The Rent To Monthly Income in Solvay is 0.19x.
| Statistic | Solvay | New York | United States |
|---|---|---|---|
| Median Home Value | $121,200 | $340,600 | $244,900 |
| Median Rent | $816 | $1,390 | $1,163 |
| Median Income | $50,953 | $75,157 | $69,021 |
| Home Value To Income | 2.4x | 4.5x | 3.5x |
| Rent To Monthly Income | 0.19x | 0.22x | 0.2x |
Median Home Value
Median Rent
Median Income
Solvay, NY Costs By Category
Detailed Solvay Services Costs Vs. New York
Detailed Solvay Groceries Costs Vs. New York
Detailed Solvay Health Costs Vs. New York
Detailed Solvay Transportation Costs Vs. New York
Detailed Solvay Utilities Costs Vs. New York
Solvay SnackAbility
/10
Cost Of Living In Cities Around Solvay
The cost of living varies in the cities and towns around Solvay. Here's a quick look at the cost of living in the most populous nearby places:
Syracuse, NY has a cost of living index of 86, 1.0x Solvay.
Auburn, NY has a cost of living index of 90, 1.0x Solvay.
Fulton, NY has a cost of living index of 88, 1.0x Solvay.
| City | Population | Cost Of Living | Vs. Solvay |
|---|---|---|---|
| Syracuse, NY | 146,781 | 86 | 1.0x |
| Auburn, NY | 26,913 | 90 | 1.0x |
| Fulton, NY | 11,461 | 88 | 1.0x |
| Fairmount, NY | 10,292 | 93 | 1.0x |
| Baldwinsville, NY | 7,739 | 93 | 1.0x |
| North Syracuse, NY | 6,796 | 92 | 1.0x |
| Mattydale, NY | 6,250 | 91 | 1.0x |
