Philmont, NY vs Waterloo, NY

There is a significant gap in the cost of living between these two cities. Waterloo is 17% cheaper than Philmont. With a cost index of 73 vs 85, the difference would have a meaningful impact on a household's monthly budget. Someone relocating from Waterloo to Philmont should plan for substantially higher expenses across most categories.

On the housing front, median rent in Philmont is $1,036/month compared to $910/month in Waterloo — a 14% difference. Home values follow the same pattern: Waterloo is more affordable at $111,300 median vs $215,700.

Median household income in Philmont is $62,972 compared to $52,404 in Waterloo (+20.2%). While Philmont is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Philmont spend roughly 19.7% of their income on rent, less than the 20.8% in Waterloo.