Cost of Living in Bemus Point, NY

With a cost of living index of 90, Bemus Point, NY is a very affordable place to live. Living here is 10% cheaper than the national average and 22% below the New York state average of 111. Bemus Point is a small community of 206 residents.

Housing costs are the biggest factor in Bemus Point's cost of living. The median monthly rent is $750 (43% below the US median of $1,319), and the median home value sits at $372,700 (22% above the national median of $304,900). At current prices, the median home costs roughly 4.3x the median household income — a moderately affordable ratio by today's standards.

The median household income in Bemus Point is $86,000, which is 14% higher than the national median of $75,149. Residents spend roughly 10% 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 Bemus Point. The area sees an average annual temperature of 48.8°F, with summers averaging 69°F and winters around 29°F. Annual rainfall totals 33 inches spread over roughly 149 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.