Housing costs in Silver Bay?
A typical home costs
$951,000, which is 181.3% more expensive than the national average of
$338,100 and 129.9% more expensive than the average New York home, at
$413,600. Renting a two-bedroom unit in Silver Bay costs
$1,100 per month, which is 23.1% cheaper than the national average of
$1,430 and 78.2% cheaper than the state average of
$1,960.
Can I afford Silver Bay?
To live comfortably in Silver Bay (zip 12874), New York, a minimum annual income of
$182,160 for a family, and
$35,200 for a single person is recommended.
What does A.I. say about Silver Bay?
12874 Silver Bay, NY has an affordable cost of living. The median home cost in the city is $295,000, which is far lower than the national average of $199,600. Renters can expect to pay around $1,500 per month for a one-bedroom apartment and up to $2,500 for a two-bedroom or larger unit. Groceries are also relatively inexpensive with prices often being 10%-20% lower than other parts of the state. Additionally, gas prices are typically lower than most other areas making transportation costs more economical. All in all, 12874 Silver Bay offers citizens a comfortable quality of life at a price they can afford.