Alfred, NY vs Ransomville, NY

Alfred, NY and Ransomville, NY have a very similar cost of living, with only a 0.1% difference in their overall index. Alfred scores 75 while Ransomville scores 75 on the cost of living index, where 100 represents the national average. The day-to-day expenses for residents in both cities are comparable, though differences emerge when looking at specific categories.

On the housing front, median rent in Alfred is $807/month compared to $793/month in Ransomville — a 2% difference. Interestingly, home values tell a different story: while Ransomville has cheaper rent, Alfred actually has lower median home values ($169,100 vs $211,500).

Median household income in Alfred is $45,357 compared to $97,083 in Ransomville (-53.3%). While Ransomville is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Alfred spend roughly 21.4% of their income on rent, more than the 9.8% in Ransomville.

Climate-wise, both cities share similar average temperatures (46.4°F vs 47.7°F). Alfred receives more rainfall at 37.2" per year compared to 33" in Ransomville.