Counties with the lowest cost of living in New York

·Stacker

Appz Dreamer // Shutterstock
Appz Dreamer // Shutterstock

While inflation has fallen from 2022 peaks, high prices are still eating into household budgets. Many Americans are paying keen attention to their finances and finding ways to reduce spending.

Home prices, rent, and food inflation, as well as higher prices for gas in the last couple of years, are making it so that each dollar earned has even less purchasing power than before. In the first two months of 2024, Americans were able to save about 3.9% of their disposable income, according to the Bureau of Economic Analysis, well below historic levels.

Stacker compiled a list of counties with the lowest cost of living in New York using rankings from Niche.

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#23. Niagara County, New York

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#23. Niagara County, New York

- Overall Rank: 2,080
- Population: 212,230
- Median household income: $65,882
- Median home value: $163,100 (71% own)
- Median rent: $823 (29% rent)

#22. Oneida County, New York

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#22. Oneida County, New York

- Overall Rank: 2,078
- Population: 231,055
- Median household income: $66,402
- Median home value: $157,600 (68% own)
- Median rent: $889 (32% rent)

#21. Schoharie County, New York

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#21. Schoharie County, New York

- Overall Rank: 2,066
- Population: 29,970
- Median household income: $71,479
- Median home value: $169,400 (77% own)
- Median rent: $883 (23% rent)

#20. Essex County, New York

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#20. Essex County, New York

- Overall Rank: 2,057
- Population: 37,314
- Median household income: $68,090
- Median home value: $189,500 (77% own)
- Median rent: $875 (23% rent)

#18. Otsego County, New York

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#18. Otsego County, New York

- Overall Rank: 2,046
- Population: 59,678
- Median household income: $65,778
- Median home value: $166,500 (74% own)
- Median rent: $927 (26% rent)

#17. Fulton County, New York

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#17. Fulton County, New York

- Overall Rank: 2,040
- Population: 53,280
- Median household income: $60,557
- Median home value: $142,000 (69% own)
- Median rent: $855 (31% rent)

#16. Tioga County, New York

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#16. Tioga County, New York

- Overall Rank: 2,025
- Population: 48,344
- Median household income: $70,427
- Median home value: $144,200 (78% own)
- Median rent: $894 (22% rent)

#15. Schuyler County, New York

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#15. Schuyler County, New York

- Overall Rank: 2,021
- Population: 17,855
- Median household income: $61,316
- Median home value: $151,100 (77% own)
- Median rent: $808 (23% rent)

#14. Seneca County, New York

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#14. Seneca County, New York

- Overall Rank: 2,013
- Population: 33,651
- Median household income: $64,050
- Median home value: $132,000 (73% own)
- Median rent: $871 (27% rent)

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#13. Delaware County, New York

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#13. Delaware County, New York

- Overall Rank: 2,008
- Population: 44,637
- Median household income: $58,338
- Median home value: $160,400 (77% own)
- Median rent: $785 (23% rent)

#12. Hamilton County, New York

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#12. Hamilton County, New York

- Overall Rank: 1,964
- Population: 5,090
- Median household income: $66,891
- Median home value: $204,900 (85% own)
- Median rent: $902 (15% rent)

#11. Steuben County, New York

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#11. Steuben County, New York

- Overall Rank: 1,961
- Population: 93,584
- Median household income: $62,506
- Median home value: $121,000 (73% own)
- Median rent: $832 (27% rent)

#10. Wyoming County, New York

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#10. Wyoming County, New York

- Overall Rank: 1,950
- Population: 40,338
- Median household income: $65,066
- Median home value: $143,000 (77% own)
- Median rent: $787 (23% rent)

#9. Yates County, New York

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#9. Yates County, New York

- Overall Rank: 1,939
- Population: 24,713
- Median household income: $63,974
- Median home value: $159,800 (77% own)
- Median rent: $773 (23% rent)

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#8. Chenango County, New York

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#8. Chenango County, New York

- Overall Rank: 1,892
- Population: 47,096
- Median household income: $61,741
- Median home value: $121,100 (76% own)
- Median rent: $798 (24% rent)

#7. Chautauqua County, New York

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#7. Chautauqua County, New York

- Overall Rank: 1,878
- Population: 127,440
- Median household income: $54,625
- Median home value: $110,900 (69% own)
- Median rent: $759 (31% rent)

#6. Cattaraugus County, New York

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#6. Cattaraugus County, New York

- Overall Rank: 1,840
- Population: 77,000
- Median household income: $56,889
- Median home value: $105,100 (74% own)
- Median rent: $745 (26% rent)

#5. St. Lawrence County, New York

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#5. St. Lawrence County, New York

- Overall Rank: 1,830
- Population: 108,670
- Median household income: $58,339
- Median home value: $114,700 (71% own)
- Median rent: $788 (29% rent)

#3. Franklin County, New York

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#3. Franklin County, New York

- Overall Rank: 1,747
- Population: 47,459
- Median household income: $60,270
- Median home value: $131,600 (71% own)
- Median rent: $788 (29% rent)

#2. Herkimer County, New York

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#2. Herkimer County, New York

- Overall Rank: 1,744
- Population: 60,293
- Median household income: $68,104
- Median home value: $130,900 (76% own)
- Median rent: $776 (24% rent)

#1. Allegany County, New York

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#1. Allegany County, New York

- Overall Rank: 1,738
- Population: 47,222
- Median household income: $58,725
- Median home value: $93,200 (81% own)
- Median rent: $735 (19% rent)

This story features data reporting and writing by Elena Cox and is part of a series utilizing data automation across 32 states.