New Square, NY vs Ravena, NY

The cost of living difference between New Square, NY and Ravena, NY is dramatic. Ravena is 68.4% cheaper than New Square, a gap that translates to thousands of dollars per year in household expenses. New Square has a cost index of 138 while Ravena sits at 82, 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 New Square is $1,575/month compared to $1,042/month in Ravena — a 51% difference. Home values follow the same pattern: Ravena is more affordable at $194,400 median vs $618,800.

Median household income in New Square is $28,880 compared to $77,163 in Ravena (-62.6%). Ravena offers a double advantage: higher earnings combined with a lower cost of living, giving residents significantly more purchasing power. Looking at affordability, residents of New Square spend roughly 65.4% of their income on rent, more than the 16.2% in Ravena. The Ravena ratio exceeds the commonly recommended 30% threshold, which can put pressure on household budgets.

Climate-wise, both cities share similar average temperatures (52°F vs 49.4°F). New Square receives more rainfall at 47.8" per year compared to 40.7" in Ravena.