Gilbertsville, NY vs Waddington, NY

Waddington is moderately more affordable than Gilbertsville, with a 11% lower cost of living index. Gilbertsville scores 82 compared to 74 for Waddington, where the US average is 100. This difference means residents of Gilbertsville can expect to pay noticeably more for everyday expenses, housing, and services.

On the housing front, median rent in Gilbertsville is $1,105/month compared to $718/month in Waddington — a 54% difference. Interestingly, home values tell a different story: while Waddington has cheaper rent, Gilbertsville actually has lower median home values ($151,800 vs $195,800).

Median household income in Gilbertsville is $71,500 compared to $69,375 in Waddington (+3.1%). Gilbertsville does offer higher incomes, but the salary premium barely offsets the higher cost of living, leaving residents with a tighter budget. Looking at affordability, residents of Gilbertsville spend roughly 18.5% of their income on rent, more than the 12.4% in Waddington.