Edwards, NY vs Montour Falls, NY

Edwards, NY and Montour Falls, NY have a very similar cost of living, with only a 0% difference in their overall index. Edwards scores 66 while Montour Falls scores 66 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 Edwards is $800/month compared to $683/month in Montour Falls — a 17% difference. Interestingly, home values tell a different story: while Montour Falls has cheaper rent, Edwards actually has lower median home values ($71,900 vs $115,500).

Median household income in Edwards is $75,547 compared to $43,083 in Montour Falls (+75.4%). Edwards offers a double advantage: higher earnings combined with a lower cost of living, giving residents significantly more purchasing power. Looking at affordability, residents of Edwards spend roughly 12.7% of their income on rent, less than the 19% in Montour Falls.

Climate-wise, Montour Falls is notably warmer with an average of 48°F compared to 44.6°F in Edwards. Edwards receives more rainfall at 38.2" per year compared to 32.4" in Montour Falls.