Cost of Living in Gang Mills, NY

With a cost of living index of 98, Gang Mills, 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. Gang Mills is a small community of 4,369 residents.

Housing costs are the biggest factor in Gang Mills's cost of living. The median monthly rent is $1,301 (1% below the US median of $1,319), and the median home value sits at $274,400 (10% below the national median of $304,900). At current prices, the median home costs roughly 2.3x the median household income — well within traditional affordability guidelines.

The median household income in Gang Mills is $118,790, which is 58% higher than the national median of $75,149. Residents spend roughly 13% 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 Gang Mills. The area sees an average annual temperature of 48°F, with summers averaging 68°F and winters around 28°F. Annual rainfall totals 32.4 inches spread over roughly 153 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.