Cost of Living in Fairmount, NY
Population 9,998 · New York · Data vintage 2023
(100 = US avg)
Fairmount offers a notably favorable income-to-housing ratio for its region. The typical home — $173,000 — costs less than 2.1 times median household income of $82,968, a threshold many coastal markets passed a decade ago. The labor market has been unusually tight, with unemployment around 1.7% — below most comparable cities in the state.
Located 5 miles west of Syracuse, Fairmount falls within that metro's commuting orbit. Median home values run roughly 39% higher than Syracuse's $125,000.
Cost Overview
Scale: 100 = US national average. Green < 90, Red > 110.
About the Cost of Living in Fairmount
The median home value in Fairmount is $173,400 — 43% below the national median of $305,000. Median rent runs $1,226/month, 7% lower than the national median of $1,314/month. The median household income of $82,968/year is 11% higher than the US median of $74,580. The local unemployment rate is 1.7%, 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, Fairmount has a cost of living index of 71 versus the US average of 100, meaning it is 29% less expensive.
Fairmount has limited residential data
Detailed housing and income data is limited for this location. Here are the nearest cities with full cost of living data:
🏠 Housing
HUD Fair Market Rents by Bedroom
💰 Estimated Monthly Budget
Estimates based on median data and national averages. Actual costs vary.
🛒 Food & Groceries
National BLS average prices (2023). Local prices may vary.
🚗 Transportation
Commute Mode
⚡ Utilities
📋 Taxes
💼 Income & Employment
🎓 Education
👥 Demographics
🌤 Climate
NOAA 1991–2020 Climate Normals
| Month | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| High °F | 32 | 34 | 42 | 56 | 69 | 77 | 82 | 80 | 73 | 60 | 48 | 37 |
| Low °F | 17 | 18 | 25 | 36 | 47 | 57 | 62 | 60 | 53 | 42 | 33 | 24 |
| Precip" | 2.58 | 2.46 | 3.04 | 3.48 | 3.42 | 3.56 | 3.86 | 3.70 | 3.38 | 3.89 | 3.23 | 3.28 |
| Snow" | 34.0 | 30.3 | 19.8 | 3.0 | 0.1 | 0.0 | 0.0 | 0.0 | 0.0 | 0.2 | 9.8 | 30.6 |
💨 Air Quality
EPA AQS 2023 — county-level monitoring data
Frequently Asked Questions
What is the cost of living in Fairmount, NY?
Fairmount has a cost index of 71 (100 = national average). It is 29% below the national average.
What is average rent in Fairmount, NY?
The median gross rent in Fairmount is $1,226 per month based on 2023 Census data.
What is the average home price in Fairmount?
The median home value in Fairmount is $173,400 according to Zillow and Census data.
What is the median income in Fairmount?
The median household income in Fairmount is $82,968 per year (2023 ACS 5-year estimates).
What is the sales tax in Fairmount, NY?
The combined state and local sales tax rate in Fairmount is 8.5%. The New York state income tax top rate is 10.9%.
Is Fairmount, NY affordable?
Yes, Fairmount is generally considered affordable, with a cost of living index of 71 — about 29% below the US national average of 100.
What is the weather like in Fairmount?
Fairmount 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.
Fairmount at a Glance
- Population
- 9,998
- Median Income
- $82,968
- Home Value
- $173,400
- Median Rent
- $1,226/mo
- Unemployment
- 1.7%
- Avg High Temp
- 57.6°F
- Sales Tax
- 8.5%
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