Cost of Living in Youngstown, NY

With a cost of living index of 78, Youngstown, NY is a very affordable place to live. Living here is 22% cheaper than the national average and 34% below the New York state average of 111. Youngstown is a small community of 1,773 residents.

Housing costs are the biggest factor in Youngstown's cost of living. The median monthly rent is $928 (30% below the US median of $1,319), and the median home value sits at $199,500 (35% below the national median of $304,900). At current prices, the median home costs roughly 2.4x the median household income — well within traditional affordability guidelines.

The median household income in Youngstown is $81,818, which is 9% higher than the national median of $75,149. Residents spend roughly 14% 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 Buffalo-Cheektowaga, 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.