Phelps, NY vs Southport, NY

Southport is moderately more affordable than Phelps, with a 9% lower cost of living index. Phelps scores 81 compared to 74 for Southport, where the US average is 100. This difference means residents of Phelps can expect to pay noticeably more for everyday expenses, housing, and services.

On the housing front, median rent in Phelps is $1,094/month compared to $1,105/month in Southport — a 1% difference. Interestingly, home values tell a different story: while Phelps has cheaper rent, Southport actually has lower median home values ($101,200 vs $162,700).

Median household income in Phelps is $65,272 compared to $62,060 in Southport (+5.2%). The higher salaries in Phelps partially offset the cost difference, but don't fully close the gap. Looking at affordability, residents of Phelps spend roughly 20.1% of their income on rent, less than the 21.4% in Southport.