Cost of Living in Newfane, NY
Population 3,470 · New York · Data vintage 2023
(100 = US avg)
Newfane offers a notably favorable income-to-housing ratio for its region. The typical home — $144,000 — costs less than 1.9 times median household income of $75,049, a threshold many coastal markets passed a decade ago. An unemployment rate of 1.4% points to a labor market well on the tight side of the national distribution.
Geographically, Newfane is about 30 miles northeast of Buffalo, the nearest large metro. Housing prices track closely with Buffalo's $152,000 median.
Cost Overview
Scale: 100 = US national average. Green < 90, Red > 110.
About the Cost of Living in Newfane
The median home value in Newfane is $143,500 — 53% below the national median of $305,000. Median rent runs $836/month, 36% lower than the national median of $1,314/month. The median household income of $75,049/year is 1% higher than the US median of $74,580. The local unemployment rate is 1.4%, 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 56.7°F and lows of 38.8°F. Overall, Newfane has a cost of living index of 54 versus the US average of 100, meaning it is 46% less expensive.
Newfane 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 | 33 | 41 | 55 | 68 | 76 | 81 | 79 | 73 | 60 | 47 | 37 |
| Low °F | 17 | 17 | 25 | 34 | 46 | 56 | 61 | 60 | 52 | 42 | 32 | 24 |
| Precip" | 2.27 | 1.77 | 2.12 | 3.19 | 3.03 | 2.88 | 3.37 | 2.62 | 3.27 | 3.23 | 2.78 | 2.44 |
💨 Air Quality
EPA AQS 2023 — county-level monitoring data
🏫 Schools
NCES CCD 2019 — public school district data
Frequently Asked Questions
What is the cost of living in Newfane, NY?
Newfane has a cost index of 54 (100 = national average). It is 46% below the national average.
What is average rent in Newfane, NY?
The median gross rent in Newfane is $836 per month based on 2023 Census data.
What is the average home price in Newfane?
The median home value in Newfane is $143,500 according to Zillow and Census data.
What is the median income in Newfane?
The median household income in Newfane is $75,049 per year (2023 ACS 5-year estimates).
What is the sales tax in Newfane, NY?
The combined state and local sales tax rate in Newfane is 8.5%. The New York state income tax top rate is 10.9%.
Is Newfane, NY affordable?
Yes, Newfane is generally considered affordable, with a cost of living index of 54 — about 46% below the US national average of 100.
What is the weather like in Newfane?
Newfane has average high temperatures of 56.7°F and average lows of 38.8°F. Annual precipitation is 33". Data from NOAA 1991–2020 Climate Normals.
Newfane at a Glance
- Population
- 3,470
- Median Income
- $75,049
- Home Value
- $143,500
- Median Rent
- $836/mo
- Unemployment
- 1.4%
- Avg High Temp
- 56.7°F
- Sales Tax
- 8.5%
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New York Rankings
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