Cost of Living in Canastota, NY

Population 4,527 · New York · Data vintage 2023

53
Cost Index
(100 = US avg)
Page updated: · Data vintage: 2023 ACS 5-Year
Sources: Census ACS·BLS·NOAA·EPA·Zillow · Methodology

Buyers in Canastota can reasonably expect a home to cost less than three years of household income — $132,000 against $71,250 in typical earnings — a ratio that has collapsed to 5:1 or worse in much of the country.

Canastota sits roughly 20 miles east of Syracuse — close enough that regional housing and labor patterns are shaped largely by the larger market. Housing prices track closely with Syracuse's $125,000 median.

Cost Overview

Housing 43
Rent 67

Scale: 100 = US national average. Green < 90, Red > 110.

About the Cost of Living in Canastota

The median home value in Canastota is $131,500 — 57% below the national median of $305,000. Median rent runs $886/month, 33% lower than the national median of $1,314/month. The median household income of $71,250/year is 4% lower than the US median of $74,580. The local unemployment rate is 3.9%, below the national average of 4.8%. New York's top state income tax rate is 10.9% and the combined sales tax is 8.5%. The climate averages highs of 57.6°F and lows of 39.4°F, with about 127.8" of annual snowfall. Overall, Canastota has a cost of living index of 53 versus the US average of 100, meaning it is 47% less expensive.

🏠 Housing

Median Home Value
$131,500
57% below avg
Zillow Home Value
$212,301
Zillow ZHVI
Median Rent
$886/mo
33% below avg
Price-to-Rent Ratio
12.4x
Favors buying
Property Tax Rate
1.7%
Effective rate

HUD Fair Market Rents by Bedroom

Studio
$965
1 BR
$1,051
2 BR
$1,302
3 BR
$1,619
4 BR
$1,813
Owner-occupied 65.7%
Renter-occupied 34.3%

💰 Estimated Monthly Budget

Rent median rent
$886
Groceries national estimate
$400
Utilities local estimate
$88
Transportation local gas prices
$126
Estimated Total $1,500/mo

Estimates based on median data and national averages. Actual costs vary.

🛒 Food & Groceries

National BLS average prices (2023). Local prices may vary.

🥚
Eggs (dozen)
$0.548
🍞
White Bread (lb)
$1.912
🥩
Ground Beef (lb)
$5.61

🚗 Transportation

Avg Commute
27.2 min
1% above avg
Gas Price
$3.145/gal
0% below avg
Work From Home
5.3%

Commute Mode

Drove alone
84.4%
Carpooled
6.3%
Walked
2.9%
Work from home
5.3%

Utilities

Electricity
$0.176/kWh
0% below avg

📋 Taxes

State Income Tax 10.9%
Total Sales Tax 8.5%
State rate 4.0%
Avg local rate 4.5%
Property Tax 1.7%

💼 Income & Employment

Median Household Income
$71,250
4% below avg
Per Capita Income
$33,313
Unemployment Rate
3.9%
18% below avg
Poverty Rate
9.9%
Labor Force Participation
67.4%

🎓 Education

Bachelor's degree+ 12.5%
Graduate degree 8.2%

👥 Demographics

Median Age 43.4
Male median age 37.2
Female median age 45

🌤 Climate

NOAA 1991–2020 Climate Normals

Avg High
57.6°F
Avg Low
39.4°F
Annual Precip
39.9"
Annual Snowfall
127.8"
10° 30° 50° 70° 90° JFMAMJJASOND High Low Precip
Month JanFebMarAprMayJunJulAugSepOctNovDec
High °F 323442566977828073604837
Low °F 171825364757626053423324
Precip" 2.582.463.043.483.423.563.863.703.383.893.233.28
Snow" 34.030.319.83.00.10.00.00.00.00.29.830.6

🏫 Schools

NCES CCD 2019 — public school district data

82%
4-Year Graduation Rate
11.4:1
Student-teacher ratio
4
Public schools
1,321
Total enrollment

Frequently Asked Questions

What is the cost of living in Canastota, NY?

Canastota has a cost index of 53 (100 = national average). It is 47% below the national average.

What is average rent in Canastota, NY?

The median gross rent in Canastota is $886 per month based on 2023 Census data.

What is the average home price in Canastota?

The median home value in Canastota is $131,500 according to Zillow and Census data.

What is the median income in Canastota?

The median household income in Canastota is $71,250 per year (2023 ACS 5-year estimates).

What is the sales tax in Canastota, NY?

The combined state and local sales tax rate in Canastota is 8.5%. The New York state income tax top rate is 10.9%.

Is Canastota, NY affordable?

Yes, Canastota is generally considered affordable, with a cost of living index of 53 — about 47% below the US national average of 100.

What is the weather like in Canastota?

Canastota has average high temperatures of 57.6°F and average lows of 39.4°F. Annual precipitation is 39.9". Average annual snowfall is 127.8". Data from NOAA 1991–2020 Climate Normals.

Canastota at a Glance

Population
4,527
Median Income
$71,250
Home Value
$131,500
Median Rent
$886/mo
Unemployment
3.9%
Avg High Temp
57.6°F
Sales Tax
8.5%
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