Cost of Living in South Lansing, NY

With a cost of living index of 106, South Lansing, NY is somewhat more expensive than average. Living here is 6% more expensive than the national average and 6% below the New York state average of 111. South Lansing is a small community of 1,233 residents.

Housing costs are the biggest factor in South Lansing's cost of living. The median monthly rent is $1,363 (3% above the US median of $1,319), and the median home value sits at $361,000 (18% above 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 South Lansing is $162,846, which is 117% higher than the national median of $75,149. Residents spend roughly 10% 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.