Cost of Living in Newfield, NY

With a cost of living index of 87, Newfield, NY is a very affordable place to live. Living here is 13% cheaper than the national average and 24% below the New York state average of 111. Newfield is a small community of 1,112 residents.

The median household income in Newfield is $93,079, which is 24% higher than the national median of $75,149.

Climate is another factor for anyone considering a move to Newfield. The area sees an average annual temperature of 45.2°F, with summers averaging 65°F and winters around 24°F. Annual rainfall totals 41.7 inches spread over roughly 182 days. Cold winters mean higher heating bills, an important cost-of-living consideration.

Everyday prices in the Ithaca, 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.