Cost of Living in Chenango County, New York

$819/mo

Median Monthly Rent

$128,100

Median Home Value

28% below state averageUnaffordable

At a Glance

Median Monthly Rent

$819/mo

28% below state average

Median Home Value

$128,100

55% below national

Rent-to-Income Ratio

27.0%

% of income spent on rent

Rent burden measured as median gross rent as a percentage of renter household income (Census ACS B25071)

Affordability Rating

Unaffordable

Rent over 50% of income

How Chenango County Compares

Median monthly rent comparison

Chenango County$819/mo

New York Average$1,133/mo

National Median$1,163/mo

Detailed Housing Stats

$819/mo

Median Gross Rent

$128,100

Median Home Value

$905/mo

Monthly Owner Cost

27.0%

Rent-to-Income Ratio

Data Story

About Cost of Living in Chenango County, New York

Chenango hits affordability sweet spot

Renters in Chenango County spend just 15.8% of their income on housing—well below the national comfort zone of 28%. This county outpaces the national average for affordability, making it one of New York's most accessible markets for renters.

Third-most affordable in New York

At 15.8%, Chenango's rent-to-income ratio beats the state average of 17.6%, ranking it among New York's most affordable counties. The median rent of $819 per month runs $314 cheaper than the state average, a meaningful difference for working families.

Cheaper than surrounding upstate counties

Chenango's $819 rent sits below neighboring Cortland County ($911) and Broome County, offering some of the lowest rents in the region. However, median home values of $128,100 remain more modest than surrounding counties, keeping ownership equally accessible.

Housing takes modest slice of budget

With a median household income of $62,093, Chenango residents spending $819 on rent allocate just 15.8% of their income to housing, leaving substantial room for other expenses. Homeowners pay $905 monthly, representing about 17.5% of income—still well within the affordable range.

Stretch your dollar in Chenango

If housing affordability tops your relocation list, Chenango offers genuine value: the lowest rent-to-income ratio in this upstate cluster and median rents under $820. Compare this advantage against your current market—you may find significantly more breathing room in your monthly budget.

Affordability Calculator

See how your income compares to housing costs in Chenango County

Your Annual Household Income

Rent Burden

15.8%

of gross income

Max Housing (28% Rule)

$1,449

per month

Owner Cost Burden

17.5%

of gross income

You can likely afford the median home in Chenango County

Median home value is $128,100. Estimated monthly cost: $1,023 vs. your max of $1,449.

Rent Affordability Guide

Your rent-to-income ratio15.8%

Recommended max30.0%

Frequently Asked Questions

What is the cost of living in Chenango County, New York?

Chenango County, New York has a median monthly rent of $819/mo and a median home value of $128,100. The affordability rating is Unaffordable, with rent making up approximately 27.0% of median household income.

What is the median rent in Chenango County?

The median gross rent in Chenango County is $819/mo. This is 28% below state average for New York.

Is Chenango County affordable?

Chenango County is rated Unaffordable based on rent-to-income ratio of 27.0%. Spending over 50% of income on rent is generally considered unaffordable.

How does Chenango County's rent compare to the state average?

Chenango County's median rent of $819/mo is 28% below state average of $1,133/mo for New York.

What is the median home value in Chenango County?

The median home value in Chenango County, New York is $128,100. This is 55% below the national median home value of $281,900.