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Cost of Living in Chatham, NY

Population: 1,594 | New York

93
Cost of Living Index
US Average = 100

Chatham is 7% less expensive than the national average.

78
Housing
100
Home Values
103
Regional Price

Cost of Living in Chatham, NY: What You Need to Know

With a cost of living index of 93, Chatham, NY is slightly more affordable than average. Living here is 7% cheaper than the national average and 19% below the New York state average of 111. Chatham is a small community of 1,594 residents.

Housing costs are the biggest factor in Chatham's cost of living. The median monthly rent is $1,034 (22% below the US median of $1,319), and the median home value sits at $306,300 (0% below the national median of $304,900). At current prices, the median home costs roughly 3.5x the median household income — a moderately affordable ratio by today's standards.

The median household income in Chatham is $86,625, which is 15% higher than the national median of $75,149. Residents spend roughly 14% 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 Chatham. The area sees an average annual temperature of 46.1°F, with summers averaging 67°F and winters around 25°F. Annual rainfall totals 44.2 inches spread over roughly 161 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.

Income

Median Household Income
$86,625
vs US Median ($75,149)
+15%

Housing

Median Rent
$1,034/mo
Median Home Value
$306,300
Median Monthly Housing Cost
$1,124/mo

Climate in Chatham

NOAA 30-year normals (1991-2020)

46.1°F
Avg Temperature
44.2"
Rainfall / Year
161d
Rainy Days / Year
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
High °F 30 33 42 55 67 75 79 78 70 58 47 36
Avg °F 22 24 32 45 56 64 69 67 60 48 38 28
Low °F 14 15 23 34 44 53 58 57 49 39 29 21
Rain" 2.7 2.5 3.1 3.4 3.8 4.6 4.2 3.8 4.5 4.6 3.5 3.6

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