Cost of Living in Jefferson, NY

With a cost of living index of 88, Jefferson, NY is a very affordable place to live. Living here is 12% cheaper than the national average and 23% below the New York state average of 111. Jefferson is a small community of 150 residents.

The median household income in Jefferson is $70,781, which is 6% lower than the national median of $75,149. 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 Jefferson. The area sees an average annual temperature of 49.4°F, with summers averaging 71°F and winters around 27°F. Annual rainfall totals 40.7 inches spread over roughly 139 days. Cold winters mean higher heating bills, an important cost-of-living consideration.

Everyday prices in the Albany-Schenectady-Troy, 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.