Phelps, NY vs Victory, NY

Phelps, NY and Victory, NY have a very similar cost of living, with only a 3.4% difference in their overall index. Phelps scores 81 while Victory scores 84 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 Phelps is $1,094/month compared to $1,116/month in Victory — a 2% difference. Home values follow the same pattern: Phelps is more affordable at $162,700 median vs $190,600.

Median household income in Phelps is $65,272 compared to $65,114 in Victory (+0.2%). Phelps offers a double advantage: higher earnings combined with a lower cost of living, giving residents significantly more purchasing power. Looking at affordability, residents of Phelps spend roughly 20.1% of their income on rent, less than the 20.6% in Victory.