Cost of Living in Hankins, NY
Population: 205 | New York
Hankins is 6% less expensive than the national average.
Cost of Living in Hankins, NY: What You Need to Know
With a cost of living index of 94, Hankins, NY is slightly more affordable than average. Living here is 6% cheaper than the national average and 17% below the New York state average of 111. Hankins is a small community of 205 residents.
The median household income in Hankins is $64,167, which is 15% 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 Hankins. The area sees an average annual temperature of 51.3°F, with summers averaging 72°F and winters around 31°F. Annual rainfall totals 38.7 inches spread over roughly 139 days.
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
- $64,167
- vs US Median ($75,149)
- -15%
Housing
- Median Rent
- $1,096/mo
- Median Monthly Housing Cost
- $1,096/mo
Climate in Hankins
NOAA 30-year normals (1991-2020)
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| High °F | 36 | 39 | 48 | 61 | 72 | 80 | 85 | 82 | 75 | 63 | 51 | 40 |
| Avg °F | 28 | 30 | 38 | 50 | 61 | 69 | 74 | 72 | 65 | 53 | 43 | 33 |
| Low °F | 20 | 22 | 29 | 39 | 50 | 58 | 63 | 61 | 54 | 43 | 34 | 26 |
| Rain" | 2.6 | 2.1 | 2.8 | 3.3 | 3.3 | 3.8 | 3.6 | 3.9 | 4.2 | 3.7 | 2.9 | 2.8 |