These Were The 10 Most Expensive Places To Live In New York In 2021
It's no secret that when you live in New York State, you pay a lot in taxes. Where are the 10 most expensive places to live in our state?
It should come as no shock that one of the most expensive cities in all of America is New York City. If we took that out of the equation, where would your wallet be hurting the most?
HomeSnacks took a look at the numbers and discovered that places in the Central New York region, and the Mohawk Valley, were far from being the most expensive. We actually made the list of the cheapest places to live. Ilion came in at Number One for the cheapest place to live in New York. So for all the complaining we sometimes do in this area for cost of living, we might not need to anymore.
So here's how the list was developed: HomeSnacks researched several statistics from the latest Census American Community Survey 2015-2019 around incomes and costs. They looked at the following:
Median Home Price / Median Income (lower is better)
Median Income / Median Rent (Higher is better)
Median Home Price
Once they had that data, they added median home price because high home prices generally correlate with higher expenses for all costs related to homes. If you have a free moment, you can compare these metrics in each of the places in New York to figure out which is the most expensive. If you don't have that time, we tried to make it an easy process for you to read and understand.
Here were the 10 most expensive places to live in New York State for 2021: