Cost of Living in Wynantskill, NY

With a cost of living index of 94, Wynantskill, NY is slightly more affordable than average. Living here is 6% cheaper than the national average and 17% below the New York state average of 111. Wynantskill is a small community of 3,675 residents.

Housing costs are the biggest factor in Wynantskill's cost of living. The median monthly rent is $1,202 (9% below the US median of $1,319), and the median home value sits at $286,900 (6% below the national median of $304,900). At current prices, the median home costs roughly 2.7x the median household income — well within traditional affordability guidelines.

The median household income in Wynantskill is $107,045, which is 42% higher than the national median of $75,149. Residents spend roughly 13% 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.