Cost of Living in Altona, NY

With a cost of living index of 75, Altona, NY is one of the most affordable cities in the country. Living here is 25% cheaper than the national average and 37% below the New York state average of 111. Altona is a small community of 603 residents.

Housing costs are the biggest factor in Altona's cost of living. The median monthly rent is $1,013 (23% below the US median of $1,319), and the median home value sits at $95,000 (69% below the national median of $304,900). At current prices, the median home costs roughly 4.4x the median household income — a moderately affordable ratio by today's standards.

The median household income in Altona is $21,629, which is 71% lower than the national median of $75,149. Residents spend roughly 56% of household income on rent. This is well above the 30% affordability threshold, indicating a significant housing cost burden for many residents. Lower incomes here are balanced by the significantly lower cost of living, stretching each dollar further.

Climate is another factor for anyone considering a move to Altona. The area sees an average annual temperature of 45.3°F, with summers averaging 67°F and winters around 22°F. Annual rainfall totals 30.9 inches spread over roughly 145 days. Cold winters mean higher heating bills, an important cost-of-living consideration.

Data sources: US Census Bureau (ACS 2023), Zillow Home Values, HUD Fair Market Rents, BEA Regional Price Parities, BLS Average Prices, and NOAA Climate Normals. Updated monthly.