Cost of Living in Erie County, New York

$1,037/mo
Median Monthly Rent
$217,400
Median Home Value
8% below state averageUnaffordable

At a Glance

Median Monthly Rent
$1,037/mo
8% below state average
Median Home Value
$217,400
23% below national
Rent-to-Income Ratio
30.0%
% 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 Erie County Compares

Median monthly rent comparison

Erie County$1,037/mo
New York Average$1,133/mo
National Median$1,163/mo

Detailed Housing Stats

$1,037/mo
Median Gross Rent
$217,400
Median Home Value
$1,125/mo
Monthly Owner Cost
30.0%
Rent-to-Income Ratio

Data Story

About Cost of Living in Erie County, New York

Erie holds stable rent affordability

Erie County's rent-to-income ratio of 17.5% sits just below the national 28% comfort threshold, with median rent at $1,037 monthly. At $71,175 median household income, Erie residents maintain solid affordability despite rents above many smaller upstate counties.

Close to New York's state average

Erie's 17.5% rent-to-income ratio nearly mirrors New York's 17.6% average, with median rents of $1,037—just $96 below the state median. This positions Erie as representative of mid-tier New York affordability.

Buffalo-area pricing moderate regionally

Erie's $1,037 rent runs roughly 13% above neighboring upstate counties like Cortland and Chenango but remains $485 cheaper than Dutchess County. Median home values of $217,400 reflect Erie's status as an urban anchor county with significant housing stock.

Urban affordability with reasonable costs

Erie residents earning $71,175 spending $1,037 on rent allocate 17.5% of income to housing, a balanced approach in an urban setting. Homeowners pay $1,125 monthly, or 18.9% of income, keeping ownership achievable for moderate-income households.

Urban access with modest affordability

Erie offers families earning $65,000–$80,000 a combination of urban amenities and moderate housing costs that compare favorably to other major metros. At 17.5%, Erie's rent ratio delivers reasonable value for those seeking city services without premium pricing.

Affordability Calculator

See how your income compares to housing costs in Erie County

$

Rent Burden

17.5%

of gross income

Max Housing (28% Rule)

$1,661

per month

Owner Cost Burden

19.0%

of gross income

The median home in Erie County may be a stretch

Median home value is $217,400. Estimated monthly cost: $1,736 vs. your max of $1,661.

Rent Affordability Guide

Your rent-to-income ratio17.5%
Recommended max30.0%

Frequently Asked Questions

What is the cost of living in Erie County, New York?
Erie County, New York has a median monthly rent of $1,037/mo and a median home value of $217,400. The affordability rating is Unaffordable, with rent making up approximately 30.0% of median household income.
What is the median rent in Erie County?
The median gross rent in Erie County is $1,037/mo. This is 8% below state average for New York.
Is Erie County affordable?
Erie County is rated Unaffordable based on rent-to-income ratio of 30.0%. Spending over 50% of income on rent is generally considered unaffordable.
How does Erie County's rent compare to the state average?
Erie County's median rent of $1,037/mo is 8% below state average of $1,133/mo for New York.
What is the median home value in Erie County?
The median home value in Erie County, New York is $217,400. This is 23% below the national median home value of $281,900.
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Data: U.S. Census Bureau, American Community Survey (ACS) 5-Year Estimates (2019-2023) — Informational only. Not financial or legal advice.