Cost of Living in Westmere, NY

With a cost of living index of 109, Westmere, NY is somewhat more expensive than average. Living here is 9% more expensive than the national average and 3% below the New York state average of 111. Westmere is a smaller community of 7,616 residents, where everyday costs can differ substantially from nearby larger cities.

Housing costs are the biggest factor in Westmere's cost of living. The median monthly rent is $1,660 (26% above the US median of $1,319), and the median home value sits at $291,200 (4% below the national median of $304,900). At current prices, the median home costs roughly 3.4x the median household income — a moderately affordable ratio by today's standards.

The median household income in Westmere is $86,398, which is 15% higher than the national median of $75,149. Residents spend roughly 23% 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 Albany-Schenectady-Troy, 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.