Cost of Living in Walton, NY

With a cost of living index of 67, Walton, NY is one of the most affordable cities in the country. Living here is 33% cheaper than the national average and 45% below the New York state average of 111. Walton is a small community of 2,655 residents.

Housing costs are the biggest factor in Walton's cost of living. The median monthly rent is $720 (45% below the US median of $1,319), and the median home value sits at $106,700 (65% below the national median of $304,900). At current prices, the median home costs roughly 3.2x the median household income — a moderately affordable ratio by today's standards.

The median household income in Walton is $32,989, which is 56% lower than the national median of $75,149. Residents spend roughly 26% of household income on rent. This is near the 30% threshold that financial experts generally consider the upper limit of affordability. 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.