Montour Falls, NY vs Penn Yan, NY

Montour Falls, NY and Penn Yan, NY have a very similar cost of living, with only a 3.2% difference in their overall index. Montour Falls scores 66 while Penn Yan scores 69 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 Montour Falls is $683/month compared to $680/month in Penn Yan — a 0% difference. Interestingly, home values tell a different story: while Penn Yan has cheaper rent, Montour Falls actually has lower median home values ($115,500 vs $143,000).

Median household income in Montour Falls is $43,083 compared to $51,466 in Penn Yan (-16.3%). While Penn Yan is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Montour Falls spend roughly 19% of their income on rent, more than the 15.9% in Penn Yan.

Climate-wise, both cities share similar average temperatures (48°F vs 48.7°F). Montour Falls receives more rainfall at 32.4" per year compared to 30.2" in Penn Yan.