Gates, NY vs Trumansburg, NY

Trumansburg is moderately more affordable than Gates, with a 9.2% lower cost of living index. Gates scores 94 compared to 86 for Trumansburg, 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 $951/month in Trumansburg — a 60% difference. Interestingly, home values tell a different story: while Trumansburg has cheaper rent, Gates actually has lower median home values ($159,900 vs $271,300).

Median household income in Gates is $54,003 compared to $71,316 in Trumansburg (-24.3%). Trumansburg 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 16% in Trumansburg. The Trumansburg ratio exceeds the commonly recommended 30% threshold, which can put pressure on household budgets.