CostBy County

Cost of Living in Chenango County, New York

$875/mo
Median Monthly Rent
$137,900
Median Home Value

At a Glance

Median Monthly Rent
$875/mo
25% below state average
Median Home Value
$137,900
59% below national
Census GRAPI
26.8%
Median gross rent as % of renter income

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

Affordability Rating
Affordable
Median gross rent is under 30% of renter household income

These figures are county medians, not a personal budget. Use them to frame rent, ownership, and income tradeoffs, then account for household size, commute, financing, insurance, taxes, debt, and local availability before making a decision.

How Chenango County Compares

Median monthly rent comparison

Chenango County$875/mo
New York Average$1,168/mo
National Median$1,413/mo

Detailed Housing Stats

$875/mo
Median Gross Rent
$137,900
Median Home Value
$922/mo
Monthly Owner Cost
26.8%
Census GRAPI

National Ranking

Affordability Rank

Chenango County ranks #1,773 of 3,142 counties for affordability (bottom 44%)

Most AffordableLeast Affordable

Sourced county brief

Chenango County Median Home Value Estimated at $137,900

The median home value in Chenango County was estimated at $137,900 according to the 2020-2024 American Community Survey 5-Year Estimates. This value is $143,300 below the New York unweighted county mean of $281,200. For renter-occupied units, the median gross rent was $875 per month, which is $293 below the state unweighted county mean of $1,168. The official median gross rent as a percentage of household income (GRAPI) is 26.8% in Chenango County. This official GRAPI figure differs from the New York unweighted county mean official GRAPI of 29.8% by 3.0 percentage points. Among owner-occupied households, the median selected monthly owner costs were $922, compared to the unweighted county mean of $1,352 across the state. The median renter-household income was recorded at $40,237. See ACS table B25071 for the underlying estimate.

Cost of Living Advisory: Chenango County

Affordability Verdict

ACS B25071 estimates median gross rent at 26.8% of renter household income in Chenango County, which is below the 30% affordability benchmark. This is a median percentage among renter-occupied units, not the share of households above a threshold.

Rent vs. Own

Median gross rent is $875 per month; median selected monthly owner costs are $922. These ACS medians describe different tenure groups and are not a personalized rent-versus-buy calculation.

Income Needed

Using the common 30% budgeting benchmark, $35,000 in annual gross income would allocate 30% to the county's median gross rent. This is a reproducible illustration, not evidence that a particular household can afford housing.

Regional Context

The New York unweighted mean of county median rents is $1,168 per month. Chenango County's $875 median is 25.1% below that comparison value.

Data version acs5-2020-2024 · Method cost-advisory-v2

Affordability Calculator

See how your income compares to housing costs in Chenango County

$

Rent Burden

16.7%

of gross income

Max Housing (28% Rule)

$1,469

per month

Owner Cost Burden

17.6%

of gross income

You can likely afford the median home in Chenango County

Median home value is $137,900. Estimated monthly cost: $1,101 vs. your max of $1,469.

Rent Affordability Guide

Your entered rent as a share of entered income16.7%
Recommended max30.0%

Income Needed Calculator

See how much you need to earn to comfortably afford housing

$
Rent Affordability

$0/yr

Needed to stay within recommended threshold

Median income:$0/yr
Can you afford it? Yes
Your income: $62,948Needed: $35,000
Owner Cost Affordability

$0/yr

Needed to stay within recommended threshold

Median income:$0/yr
Can you afford it? Yes
Your income: $62,948Needed: $39,514
Mortgage Affordability

$0/yr

Needed to stay within recommended threshold

Median income:$0/yr
Can you afford it? Yes
Your income: $62,948Needed: $32,093

Based on the 30% rule for rent and 28% rule for housing costs (mortgage + owner costs). Mortgage estimate assumes 20% down, 7.2% interest, 30-year fixed.

Frequently Asked Questions

What is the cost of living in Chenango County, New York?
Chenango County, New York has a median monthly rent of $875/mo and a median home value of $137,900. The affordability rating is Affordable, with median gross rent equal to approximately 26.8% of renter household income.
What is the median rent in Chenango County?
The median gross rent in Chenango County is $875/mo. This is 25% below state average for New York.
Is Chenango County affordable?
Chenango County is rated Affordable using the Census median gross-rent-as-a-percentage-of-income measure of 26.8%. Median gross rent is under 30% of renter household income.
How does Chenango County's rent compare to the state average?
Chenango County's median rent of $875/mo is 25% below state average of $1,168/mo for New York.
What is the median home value in Chenango County?
The median home value in Chenango County, New York is $137,900. This is 59% below the national median home value of $332,700.

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Published by the CostByCounty Editorial Team. See our methodology and corrections policy.Data build reviewed 2026-07-09; first published 2026-03-10.

Data: U.S. Census Bureau, American Community Survey (ACS) 5-Year Estimates (2020-2024). Data is informational only and is not personalized financial advice.

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