Cost of Living in Wilmington, NY

With a cost of living index of 93, Wilmington, NY is slightly more affordable than average. Living here is 7% cheaper than the national average and 19% below the New York state average of 111. Wilmington is a small community of 979 residents.

Housing costs are the biggest factor in Wilmington's cost of living. The median monthly rent is $1,160 (12% below the US median of $1,319), and the median home value sits at $260,300 (15% below the national median of $304,900). At current prices, the median home costs roughly 2.8x the median household income — well within traditional affordability guidelines.

The median household income in Wilmington is $91,750, which is 22% higher than the national median of $75,149. Residents spend roughly 15% of household income on rent. This is a comfortable ratio, well below the 30% threshold that financial experts recommend as a maximum.

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.