Latham, NY vs Penn Yan, NY

The cost of living difference between Latham, NY and Penn Yan, NY is dramatic. Penn Yan is 48.7% cheaper than Latham, a gap that translates to thousands of dollars per year in household expenses. Latham has a cost index of 102 while Penn Yan sits at 69, making this one of the more striking comparisons on our site. Relocating between these cities would require a serious reassessment of budget and lifestyle expectations.

On the housing front, median rent in Latham is $1,417/month compared to $680/month in Penn Yan — a 108% difference. Home values follow the same pattern: Penn Yan is more affordable at $143,000 median vs $300,300.

Median household income in Latham is $101,580 compared to $51,466 in Penn Yan (+97.4%). While Latham is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Latham spend roughly 16.7% of their income on rent, more than the 15.9% in Penn Yan.

Climate-wise, both cities share similar average temperatures (49.4°F vs 48.7°F). Latham receives more rainfall at 40.7" per year compared to 30.2" in Penn Yan.