Hancock, NY vs Silver Creek, NY

Hancock, NY and Silver Creek, NY have a very similar cost of living, with only a 2.9% difference in their overall index. Hancock scores 76 while Silver Creek scores 74 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 Hancock is $1,051/month compared to $918/month in Silver Creek — a 15% difference. Home values follow the same pattern: Silver Creek is more affordable at $119,500 median vs $145,300.

Median household income in Hancock is $50,547 compared to $66,250 in Silver Creek (-23.7%). Silver Creek offers a double advantage: higher earnings combined with a lower cost of living, giving residents significantly more purchasing power. Looking at affordability, residents of Hancock spend roughly 25% of their income on rent, more than the 16.6% in Silver Creek.