Cost of Living in Slaterville Springs, NY

With a cost of living index of 88, Slaterville Springs, 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. Slaterville Springs is a small community of 179 residents.

The median household income in Slaterville Springs is $77,917, which is 4% 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.

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.