Highland-on-the-Lake, NY vs Verona, NY

Highland-on-the-Lake, NY and Verona, NY have a very similar cost of living, with only a 1.8% difference in their overall index. Highland-on-the-Lake scores 78 while Verona scores 76 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 Highland-on-the-Lake is $1,012/month compared to $949/month in Verona — a 7% difference. Interestingly, home values tell a different story: while Verona has cheaper rent, Highland-on-the-Lake actually has lower median home values ($168,400 vs $184,200).

Median household income in Highland-on-the-Lake is $85,616 compared to $80,369 in Verona (+6.5%). While Highland-on-the-Lake is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Highland-on-the-Lake spend roughly 14.2% of their income on rent, less than the 14.2% in Verona.