Gates, NY vs Philmont, NY

Philmont is moderately more affordable than Gates, with a 9.9% lower cost of living index. Gates scores 94 compared to 85 for Philmont, where the US average is 100. This difference means residents of Gates can expect to pay noticeably more for everyday expenses, housing, and services.

On the housing front, median rent in Gates is $1,525/month compared to $1,036/month in Philmont — a 47% difference. Interestingly, home values tell a different story: while Philmont has cheaper rent, Gates actually has lower median home values ($159,900 vs $215,700).

Median household income in Gates is $54,003 compared to $62,972 in Philmont (-14.2%). Philmont offers a double advantage: higher earnings combined with a lower cost of living, giving residents significantly more purchasing power. Looking at affordability, residents of Gates spend roughly 33.9% of their income on rent, more than the 19.7% in Philmont. The Philmont ratio exceeds the commonly recommended 30% threshold, which can put pressure on household budgets.

Climate-wise, Gates is notably warmer with an average of 49.5°F compared to 46.1°F in Philmont. Philmont receives more rainfall at 44.2" per year compared to 35.1" in Gates.