Gowanda, NY vs South Lockport, NY

Gowanda, NY and South Lockport, NY have a very similar cost of living, with only a 4.6% difference in their overall index. Gowanda scores 62 while South Lockport scores 65 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 Gowanda is $709/month compared to $647/month in South Lockport — a 10% difference. Interestingly, home values tell a different story: while South Lockport has cheaper rent, Gowanda actually has lower median home values ($84,700 vs $143,800).

Median household income in Gowanda is $49,946 compared to $54,051 in South Lockport (-7.6%). While South Lockport is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Gowanda spend roughly 17% of their income on rent, more than the 14.4% in South Lockport.