Cost of Living in Champlain, NY

With a cost of living index of 78, Champlain, NY is a very affordable place to live. Living here is 22% cheaper than the national average and 33% below the New York state average of 111. Champlain is a small community of 1,206 residents.

Housing costs are the biggest factor in Champlain's cost of living. The median monthly rent is $1,054 (20% below the US median of $1,319), and the median home value sits at $120,600 (60% below the national median of $304,900). At current prices, the median home costs roughly 2.1x the median household income — well within traditional affordability guidelines.

The median household income in Champlain is $56,250, which is 25% lower than the national median of $75,149. Residents spend roughly 22% of household income on rent. This is a comfortable ratio, well below the 30% threshold that financial experts recommend as a maximum. 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 Champlain. 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.