Cost of Living in Millport, NY

With a cost of living index of 88, Millport, 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. Millport is a small community of 340 residents.

Housing costs are the biggest factor in Millport's cost of living. The median monthly rent is $1,583 (20% above the US median of $1,319), and the median home value sits at $96,800 (68% below the national median of $304,900). At current prices, the median home costs roughly 2.2x the median household income — well within traditional affordability guidelines.

The median household income in Millport is $44,038, which is 41% lower than the national median of $75,149. Residents spend roughly 43% of household income on rent. This is well above the 30% affordability threshold, indicating a significant housing cost burden for many residents. 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 Millport. 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.

Everyday prices in the Elmira, 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.