Cost of Living in Averill Park, NY

With a cost of living index of 98, Averill Park, NY is right around the national average in cost. Living here is 2% cheaper than the national average and 13% below the New York state average of 111. Averill Park is a small community of 1,604 residents.

Housing costs are the biggest factor in Averill Park's cost of living. The median monthly rent is $1,429 (8% above the US median of $1,319), and the median home value sits at $250,000 (18% below the national median of $304,900). At current prices, the median home costs roughly 2.2x the median household income — well within traditional affordability guidelines.

The median household income in Averill Park is $114,821, which is 53% higher than the national median of $75,149. Residents spend roughly 15% of household income on rent. This is a comfortable ratio, well below the 30% threshold that financial experts recommend as a maximum.

Climate is another factor for anyone considering a move to Averill Park. The area sees an average annual temperature of 49.4°F, with summers averaging 71°F and winters around 27°F. Annual rainfall totals 40.7 inches spread over roughly 139 days. Cold winters mean higher heating bills, an important cost-of-living consideration.

Everyday prices in the Albany-Schenectady-Troy, NY (Metropolitan Statistical Area) metro area are generally below the national average. Out of 6 common items tracked by the Bureau of Labor Statistics, 5 are priced lower than the US average. These real-world prices — from groceries to electricity — add up and should be factored into any cost of living comparison.

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.