Tonawanda Town, NY vs Troy, NY

Tonawanda Town, NY and Troy, NY have a very similar cost of living, with only a 3.3% difference in their overall index. Tonawanda Town scores 82 while Troy scores 85 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 Tonawanda Town is $1,062/month compared to $1,134/month in Troy — a 6% difference. Interestingly, home values tell a different story: while Tonawanda Town has cheaper rent, Troy actually has lower median home values ($192,500 vs $199,400).

Median household income in Tonawanda Town is $76,644 compared to $57,688 in Troy (+32.9%). Tonawanda Town offers a double advantage: higher earnings combined with a lower cost of living, giving residents significantly more purchasing power. Looking at affordability, residents of Tonawanda Town spend roughly 16.6% of their income on rent, less than the 23.6% in Troy.