Cost of Living in Warsaw, NY

With a cost of living index of 70, Warsaw, NY is one of the most affordable cities in the country. Living here is 30% cheaper than the national average and 42% below the New York state average of 111. Warsaw is a small community of 3,061 residents.

Housing costs are the biggest factor in Warsaw's cost of living. The median monthly rent is $780 (41% below the US median of $1,319), and the median home value sits at $119,700 (61% below 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 Warsaw is $54,196, which is 28% lower than the national median of $75,149. Residents spend roughly 17% 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.