Cost of Living in Gilbertsville, NY

With a cost of living index of 82, Gilbertsville, NY is a very affordable place to live. Living here is 18% cheaper than the national average and 29% below the New York state average of 111. Gilbertsville is a small community of 337 residents.

Housing costs are the biggest factor in Gilbertsville's cost of living. The median monthly rent is $1,105 (16% below the US median of $1,319), and the median home value sits at $151,800 (50% 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 Gilbertsville is $71,500, which is 5% lower than the national median of $75,149. Residents spend roughly 19% 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 Gilbertsville. The area sees an average annual temperature of 46.3°F, with summers averaging 67°F and winters around 25°F. Annual rainfall totals 42 inches spread over roughly 164 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.