Chatham, NY vs Waterloo, NY

There is a significant gap in the cost of living between these two cities. Waterloo is 27.1% cheaper than Chatham. With a cost index of 73 vs 93, the difference would have a meaningful impact on a household's monthly budget. Someone relocating from Waterloo to Chatham should plan for substantially higher expenses across most categories.

On the housing front, median rent in Chatham is $1,034/month compared to $910/month in Waterloo — a 14% difference. Home values follow the same pattern: Waterloo is more affordable at $111,300 median vs $306,300.

Median household income in Chatham is $86,625 compared to $52,404 in Waterloo (+65.3%). While Chatham is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Chatham spend roughly 14.3% of their income on rent, less than the 20.8% in Waterloo.