Fair Haven, NY vs Smithville Flats, NY

Fair Haven is moderately more affordable than Smithville Flats, with a 11.3% lower cost of living index. Fair Haven scores 64 compared to 72 for Smithville Flats, where the US average is 100. This difference means residents of Smithville Flats can expect to pay noticeably more for everyday expenses, housing, and services.

On the housing front, median rent in Fair Haven is $476/month compared to $1,063/month in Smithville Flats — a 55% difference. Interestingly, home values tell a different story: while Fair Haven has cheaper rent, Smithville Flats actually has lower median home values ($93,800 vs $184,100).

Median household income in Fair Haven is $60,694 compared to $54,531 in Smithville Flats (+11.3%). Fair Haven offers a double advantage: higher earnings combined with a lower cost of living, giving residents significantly more purchasing power. Looking at affordability, residents of Fair Haven spend roughly 9.4% of their income on rent, less than the 23.4% in Smithville Flats.