Cost of Living in Fredonia, NY

With a cost of living index of 78, Fredonia, NY is a very affordable place to live. Living here is 22% cheaper than the national average and 34% below the New York state average of 111. Fredonia is a smaller community of 9,601 residents, where everyday costs can differ substantially from nearby larger cities.

Housing costs are the biggest factor in Fredonia's cost of living. The median monthly rent is $866 (34% below the US median of $1,319), and the median home value sits at $184,400 (40% below the national median of $304,900). At current prices, the median home costs roughly 3.9x the median household income — a moderately affordable ratio by today's standards.

The median household income in Fredonia is $47,694, which is 37% 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 Fredonia. 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.