Cost of Living in South Fallsburg, NY

With a cost of living index of 91, South Fallsburg, NY is slightly more affordable than average. Living here is 10% cheaper than the national average and 21% below the New York state average of 111. South Fallsburg is a small community of 1,850 residents.

Housing costs are the biggest factor in South Fallsburg's cost of living. The median monthly rent is $939 (29% below the US median of $1,319), and the median home value sits at $314,700 (3% above the national median of $304,900). At current prices, the median home costs roughly 6.6x the median household income — a challenging ratio that puts homeownership out of reach for many residents.

The median household income in South Fallsburg is $47,566, which is 37% lower than the national median of $75,149. Residents spend roughly 24% of household income on rent. This is a comfortable ratio, well below the 30% threshold that financial experts recommend as a maximum. Lower incomes here are balanced by the significantly lower cost of living, stretching each dollar further.

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.