Cost of Living in Rensselaer Falls, NY

With a cost of living index of 70, Rensselaer Falls, 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. Rensselaer Falls is a small community of 350 residents.

Housing costs are the biggest factor in Rensselaer Falls's cost of living. The median monthly rent is $925 (30% below the US median of $1,319), and the median home value sits at $73,600 (76% below the national median of $304,900). At current prices, the median home costs roughly 0.9x the median household income — well within traditional affordability guidelines.

The median household income in Rensselaer Falls is $80,625, which is 7% higher than the national median of $75,149. Residents spend roughly 14% of household income on rent. This is a comfortable ratio, well below the 30% threshold that financial experts recommend as a maximum.

Climate is another factor for anyone considering a move to Rensselaer Falls. 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.

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.