Cost of Living in Hailesboro, NY

With a cost of living index of 70, Hailesboro, NY is one of the most affordable cities in the country. Living here is 30% cheaper than the national average and 41% below the New York state average of 111. Hailesboro is a small community of 608 residents.

Housing costs are the biggest factor in Hailesboro's cost of living. The median monthly rent is $838 (36% below the US median of $1,319), and the median home value sits at $154,200 (49% below the national median of $304,900). At current prices, the median home costs roughly 3.1x the median household income — a moderately affordable ratio by today's standards.

The median household income in Hailesboro is $50,156, which is 33% lower than the national median of $75,149. Residents spend roughly 20% 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 Hailesboro. The area sees an average annual temperature of 44.6°F, with summers averaging 67°F and winters around 20°F. Annual rainfall totals 38.2 inches spread over roughly 147 days. Cold winters mean higher heating bills, an important cost-of-living consideration.

Everyday prices in the Watertown-Fort Drum, NY (Metropolitan Statistical Area) metro area are generally below the national average. Out of 6 common items tracked by the Bureau of Labor Statistics, 5 are priced lower than the US average. These real-world prices — from groceries to electricity — add up and should be factored into any cost of living comparison.

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.