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New York is not just about living in an expensive big city.
Key Point
- New York State has a reputation for being expensive, largely due to New York City real estate costs.
- There are affordable cities in other parts of the state, such as Western New York, Central New York, and Southern Tier.
- Check out cities like Buffalo and Rochester for more cost-effectiveness.
Ever wanted to live in the Empire State? New York City has a reputation for being expensive, but according to research by The Ascent, the average price of a single-family home across the state is $375,719. This is 12% lower than the typical home price of $428,700 across the United States. According to Zillow, New York City home prices continue to rise, averaging $778,733 as of August 31, 2022.
New York City is full of excitement and a true “city that never sleeps”, but if you want to buy an affordable home and enjoy a lower-than-average cost of living, New York has other vibrant cities to consider. There is also It has a rich history, diverse industries and many excellent schools in the surrounding metropolitan communities. If you like winter sports, some of these cities won’t disappoint. Because of its proximity to the Great Lakes, it receives a large amount of lake effect snow. Conversely, summers are beautiful, often without the heat and humidity found in other parts of the country. Check out her five affordable cities in New York State.
1. Binghamton
Average Home Price: $164,359
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US Average Percentage: 38%
Binghamton is the largest city in New York’s Southern Tier region, located just above New York State’s southern border. It is located at the confluence of the Chenango and Susquehanna rivers. The construction of the now-defunct Chenango Canal connected the city to other places of interest and industries via New York State’s Erie Canal. If you decide to live in Binghamton, you’ll have easy access to other southern cities like Ithaca, Elmira and Corning. Healthcare and education are the largest industries employing people in the region.
2. Buffalo
Average Home Price: $214,151
US average percentage: 50%
New York’s Queen City of Buffalo is the state’s second-largest city, and residents have easy access to the beauty and majesty of the Great Lakes and Niagara Falls, as well as proximity to neighboring Canada to the west. Buffalo has both an NFL team (the Bills) and an NHL team (the Sabers). The region was economically impacted by the loss of heavy industry in the mid-20th century, but recovered with the addition of information technology companies. So if you’re in the tech sector, Buffalo might be a good fit for you and your career.
3. Rochester
Average Home Price: $218,117
US average percentage: 51%
Rochester is located in western New York between Buffalo and Syracuse. Its importance to abolition and the women’s suffrage movement cannot be overstated (once home to Frederick Douglass and Susan B. Anthony). The city is a mix of historic buildings. Rochester is also home to his Wegmans, a legendary grocery chain. Along with the University of Rochester and healthcare companies, he is one of the largest employers in the area.
4. Syracuse
Average Home Price: $165,667
US Average Percentage: 38%
The largest city in Central New York, Syracuse is famous for its winters, which average 127.8 inches of snow. Syracuse University is a private university with approximately 17,000 students and a prominent NCAA Division I presence in basketball and football. While the university is he one of the region’s largest employers, Syracuse is also a hub for the medical industry, with four hospitals operating in the city.
5. Utica
Average Home Price: $174,102
US average percentage: 41%
Utica is located in the Mohawk River Valley and boasts beautiful scenery and a small but vibrant downtown. Like other Rust Belt cities, Utica suffered a domestic manufacturing decline in the mid-20th century, but recovered with the introduction of new industries such as healthcare and higher education. Can you see the pattern?). FX Matt Brewing Company, maker of Saranac Beer, is a notable and successful craft brewery known worldwide for its annual Boilermaker 15K Road Race.
If you’re dreaming of moving to the Empire State, find low housing costs and high quality of life in these five affordable cities.
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