Housing costs in Elma?
A typical home costs
$343,200, which is 1.5% more expensive than the national average of
$338,100 and 17.0% less expensive than the average New York home, at
$413,600. Renting a two-bedroom unit in Elma costs
$1,310 per month, which is 8.4% cheaper than the national average of
$1,430 and 49.6% cheaper than the state average of
$1,960.
Can I afford Elma?
To live comfortably in Elma (zip 14059), New York, a minimum annual income of
$65,880 for a family, and
$44,400 for a single person is recommended.
What does A.I. say about Elma?
The cost of living in 14059 Elma, NY is higher than the national average. The median home price in Elma is $176,300 which is an 8.8% increase since last year and much higher than the nationwide median home value of $204,900. The cost of living index for Elma is 104.3, which is 4.3% higher than the United States average. Groceries are also more expensive than many other parts of the country with an index of 107.6 compared to the USA average of 100. Overall, living in 14059 Elma can be quite expensive due to its overall high cost of living index and high home prices.