Cost of Living in Cortland, NY

Population 17,465 · New York · Data vintage 2023

55
Cost Index
(100 = US avg)
Page updated: · Data vintage: 2023 ACS 5-Year
Sources: Census ACS·BLS·NOAA·EPA·Zillow · Methodology

Cortland is a smaller New York community of around 17000 residents, where median household incomes of $55,368 and housing costs ($144,000 for a typical home) give the local cost-of-living profile a distinctly small-town shape. Unemployment has stayed elevated relative to the national figure — 7.2% as of the most recent ACS release — which shows up in household-income and poverty figures as well.

Cortland is about 30 miles south of Syracuse, the nearest large metro — close enough that regional housing and labor patterns are shaped largely by the larger market. Median home values run roughly 15% higher than Syracuse's $125,000.

Cost Overview

Housing 47
Rent 68

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

About the Cost of Living in Cortland

The median home value in Cortland is $143,800 — 53% below the national median of $305,000. Median rent runs $893/month, 32% lower than the national median of $1,314/month. The median household income of $55,368/year is 26% lower than the US median of $74,580. The local unemployment rate is 7.2%, above 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 55.2°F and lows of 35.2°F. Overall, Cortland has a cost of living index of 55 versus the US average of 100, meaning it is 45% less expensive.

🏠 Housing

Median Home Value
$143,800
53% below avg
Zillow Home Value
$194,617
Zillow ZHVI
Median Rent
$893/mo
32% below avg
Zillow Rent
$1,196/mo
Zillow ZORI
Price-to-Rent Ratio
13.4x
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 44.5%
Renter-occupied 55.5%

💰 Estimated Monthly Budget

Rent median rent
$893
Groceries national estimate
$400
Utilities local estimate
$88
Transportation local gas prices
$126
Estimated Total $1,507/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
17.8 min
34% below avg
Gas Price
$3.145/gal
0% below avg
Work From Home
6.9%

Commute Mode

Drove alone
64.7%
Carpooled
14.2%
Public transit
1.8%
Walked
10.1%
Bicycle
0.8%
Work from home
6.9%

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
$55,368
26% below avg
Per Capita Income
$27,328
Unemployment Rate
7.2%
50% above avg
Poverty Rate
21.9%
Labor Force Participation
61.4%

🎓 Education

Bachelor's degree+ 12.7%
Graduate degree 13.4%

👥 Demographics

Median Age 27.2
Male median age 28.6
Female median age 26.8

🌤 Climate

NOAA 1991–2020 Climate Normals

Avg High
55.2°F
Avg Low
35.2°F
Annual Precip
41.7"
10° 28° 45° 63° 80° JFMAMJJASOND High Low Precip
Month JanFebMarAprMayJunJulAugSepOctNovDec
High °F 303341546775797770584635
Low °F 131422334352565448382921
Precip" 2.672.713.303.823.624.193.694.043.523.603.323.18

🏫 Schools

NCES CCD 2019 — public school district data

81%
4-Year Graduation Rate
11.6:1
Student-teacher ratio
5
Public schools
2,239
Total enrollment

Frequently Asked Questions

What is the cost of living in Cortland, NY?

Cortland has a cost index of 55 (100 = national average). It is 45% below the national average.

What is average rent in Cortland, NY?

The median gross rent in Cortland is $893 per month based on 2023 Census data.

What is the average home price in Cortland?

The median home value in Cortland is $143,800 according to Zillow and Census data.

What is the median income in Cortland?

The median household income in Cortland is $55,368 per year (2023 ACS 5-year estimates).

What is the sales tax in Cortland, NY?

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

Is Cortland, NY affordable?

Yes, Cortland is generally considered affordable, with a cost of living index of 55 — about 45% below the US national average of 100.

What is the weather like in Cortland?

Cortland has average high temperatures of 55.2°F and average lows of 35.2°F. Annual precipitation is 41.7". Data from NOAA 1991–2020 Climate Normals.

Cortland at a Glance

Population
17,465
Median Income
$55,368
Home Value
$143,800
Median Rent
$893/mo
Unemployment
7.2%
Avg High Temp
55.2°F
Sales Tax
8.5%
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