Lackawanna, NY vs Troy, NY

There is a significant gap in the cost of living between these two cities. Lackawanna is 18.9% cheaper than Troy. With a cost index of 69 vs 85, the difference would have a meaningful impact on a household's monthly budget. Someone relocating from Lackawanna to Troy should plan for substantially higher expenses across most categories.

On the housing front, median rent in Lackawanna is $823/month compared to $1,134/month in Troy — a 27% difference. Home values follow the same pattern: Lackawanna is more affordable at $126,500 median vs $192,500.

Median household income in Lackawanna is $48,185 compared to $57,688 in Troy (-16.5%). The higher salaries in Troy partially offset the cost difference, but don't fully close the gap. Looking at affordability, residents of Lackawanna spend roughly 20.5% of their income on rent, less than the 23.6% in Troy.