Smithville Flats, NY vs Wilmington, NY

There is a significant gap in the cost of living between these two cities. Smithville Flats is 22.2% cheaper than Wilmington. With a cost index of 72 vs 93, the difference would have a meaningful impact on a household's monthly budget. Someone relocating from Smithville Flats to Wilmington should plan for substantially higher expenses across most categories.

On the housing front, median rent in Smithville Flats is $1,063/month compared to $1,160/month in Wilmington — a 8% difference. Home values follow the same pattern: Smithville Flats is more affordable at $93,800 median vs $260,300.

Median household income in Smithville Flats is $54,531 compared to $91,750 in Wilmington (-40.6%). While Wilmington is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Smithville Flats spend roughly 23.4% of their income on rent, more than the 15.2% in Wilmington.