Hammondsport, NY vs Waterville, NY

Hammondsport, NY and Waterville, NY have a very similar cost of living, with only a 3.3% difference in their overall index. Hammondsport scores 74 while Waterville scores 71 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 Hammondsport is $722/month compared to $852/month in Waterville — a 15% difference. Interestingly, home values tell a different story: while Hammondsport has cheaper rent, Waterville actually has lower median home values ($158,300 vs $189,200).

Median household income in Hammondsport is $70,521 compared to $76,125 in Waterville (-7.4%). Waterville offers a double advantage: higher earnings combined with a lower cost of living, giving residents significantly more purchasing power. Looking at affordability, residents of Hammondsport spend roughly 12.3% of their income on rent, less than the 13.4% in Waterville.