Cost of Living in Glens Falls, NY

Population 14,678 · New York · Data vintage 2023

Cost Index
(100 = US avg)

Page updated: April 2026 · Data vintage: 2023 ACS 5-Year

Sources: Census ACS·BLS·NOAA·EPA·Zillow · Methodology

Buyers in Glens Falls can reasonably expect a home to cost less than three years of household income — $196,000 against $70,089 in typical earnings — a ratio that has collapsed to 5:1 or worse in much of the country.

Geographically, Glens Falls is about 45 miles north of Albany, the nearest large metro. Median home values run roughly 12% lower than Albany's $223,000.

Cost Overview

Housing 64

Rent 80

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

About the Cost of Living in Glens Falls

The median home value in Glens Falls is $195,800 — 36% below the national median of $305,000. Median rent runs $1,050/month, 20% lower than the national median of $1,314/month. The median household income of $70,089/year is 6% lower than the US median of $74,580. The local unemployment rate is 4.3%, 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 56.9°F and lows of 34.5°F. Overall, Glens Falls has a cost of living index of 70 versus the US average of 100, meaning it is 30% less expensive.

🏠 Housing

Median Home Value

$195,800

36% below avg

Zillow Home Value

$261,132

Zillow ZHVI

Median Rent

$1,050/mo

20% below avg

Zillow Rent

$1,375/mo

Zillow ZORI

Price-to-Rent Ratio

15.5x

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 50.7%

Renter-occupied 49.3%

💰 Estimated Monthly Budget

Rent median rent

$1,050

Groceries national estimate

$400

Utilities local estimate

$88

Transportation local gas prices

$126

Estimated Total $1,664/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

21.3 min

21% below avg

Gas Price

$3.145/gal

0% below avg

Work From Home

7.1%

Commute Mode

Drove alone

76.7%

Carpooled

7.8%

Public transit

0.6%

Walked

4.5%

Bicycle

1.0%

Work from home

7.1%

⚡ 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

$70,089

6% below avg

Per Capita Income

$38,872

Unemployment Rate

4.3%

11% below avg

Poverty Rate

11.6%

Labor Force Participation

67.1%

🎓 Education

Bachelor's degree+ 19.0%

Graduate degree 14.3%

👥 Demographics

Median Age 37.1

Male median age 36.8

Female median age 37.4

🌤 Climate

NOAA 1991–2020 Climate Normals

Avg High

56.9°F

Avg Low

34.5°F

Annual Precip

38.2"

Month	Jan	Feb	Mar	Apr	May	Jun	Jul	Aug	Sep	Oct	Nov	Dec
High °F	30	33	43	57	69	77	82	80	72	59	47	35
Low °F	10	11	21	33	44	53	58	56	48	37	28	18
Precip"	2.56	1.95	2.79	3.10	3.35	3.72	4.26	3.48	3.30	3.68	3.01	3.01

🏫 Schools

NCES CCD 2019 — public school district data

77%

4-Year Graduation Rate

11.5:1

Student-teacher ratio

Public schools

2,257

Total enrollment

Frequently Asked Questions

What is the cost of living in Glens Falls, NY?

Glens Falls has a cost index of 70 (100 = national average). It is 30% below the national average.

What is average rent in Glens Falls, NY?

The median gross rent in Glens Falls is $1,050 per month based on 2023 Census data.

What is the average home price in Glens Falls?

The median home value in Glens Falls is $195,800 according to Zillow and Census data.

What is the median income in Glens Falls?

The median household income in Glens Falls is $70,089 per year (2023 ACS 5-year estimates).

What is the sales tax in Glens Falls, NY?

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

Is Glens Falls, NY affordable?

Yes, Glens Falls is generally considered affordable, with a cost of living index of 70 — about 30% below the US national average of 100.

What is the weather like in Glens Falls?

Glens Falls has average high temperatures of 56.9°F and average lows of 34.5°F. Annual precipitation is 38.2". Data from NOAA 1991–2020 Climate Normals.

Glens Falls at a Glance

Population: 14,678
Median Income: $70,089
Home Value: $195,800
Median Rent: $1,050/mo
Unemployment: 4.3%
Avg High Temp: 56.9°F
Sales Tax: 8.5%

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