Wells, NY vs Youngstown, NY

Wells, NY and Youngstown, NY have a very similar cost of living, with only a 3.1% difference in their overall index. Wells scores 80 while Youngstown scores 78 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 Wells is $763/month compared to $928/month in Youngstown — a 18% difference. Interestingly, home values tell a different story: while Wells has cheaper rent, Youngstown actually has lower median home values ($199,500 vs $252,900).

Median household income in Wells is $78,047 compared to $81,818 in Youngstown (-4.6%). Youngstown offers a double advantage: higher earnings combined with a lower cost of living, giving residents significantly more purchasing power. Looking at affordability, residents of Wells spend roughly 11.7% of their income on rent, less than the 13.6% in Youngstown.