Cost of Living in Owego, NY
Population 3,823 · New York · Data vintage 2023
(100 = US avg)
Under 25,000 residents gives Owego a small-town character that shows up in every data point below — from the commute patterns to the rental inventory. A typical home runs $143,000. A poverty rate near 26% adds context to the income figures — well above the US average, and worth factoring into any comparison with cities on the coasts or in the Rockies.
Owego is about 65 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 14% higher than Syracuse's $125,000.
Cost Overview
Scale: 100 = US national average. Green < 90, Red > 110.
About the Cost of Living in Owego
The median home value in Owego is $143,000 — 53% below the national median of $305,000. Median rent runs $918/month, 30% lower than the national median of $1,314/month. The median household income of $57,240/year is 23% lower than the US median of $74,580. The local unemployment rate is 2.9%, 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 54.8°F and lows of 37.8°F, with about 86.5" of annual snowfall. Overall, Owego has a cost of living index of 56 versus the US average of 100, meaning it is 44% less expensive.
Owego 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 | 30 | 32 | 41 | 54 | 66 | 74 | 78 | 77 | 70 | 57 | 45 | 34 |
| Low °F | 16 | 17 | 24 | 35 | 46 | 55 | 59 | 58 | 51 | 41 | 31 | 22 |
| Precip" | 2.62 | 2.41 | 3.05 | 3.63 | 3.78 | 4.69 | 3.80 | 4.10 | 4.01 | 3.76 | 3.11 | 3.08 |
| Snow" | 20.6 | 19.7 | 16.4 | 3.8 | 0.1 | 0.0 | 0.0 | 0.0 | 0.0 | 1.0 | 6.8 | 18.1 |
🏫 Schools
NCES CCD 2019 — public school district data
Frequently Asked Questions
What is the cost of living in Owego, NY?
Owego has a cost index of 56 (100 = national average). It is 44% below the national average.
What is average rent in Owego, NY?
The median gross rent in Owego is $918 per month based on 2023 Census data.
What is the average home price in Owego?
The median home value in Owego is $143,000 according to 2023 Census ACS data.
What is the median income in Owego?
The median household income in Owego is $57,240 per year (2023 ACS 5-year estimates).
What is the sales tax in Owego, NY?
The combined state and local sales tax rate in Owego is 8.5%. The New York state income tax top rate is 10.9%.
Is Owego, NY affordable?
Yes, Owego is generally considered affordable, with a cost of living index of 56 — about 44% below the US national average of 100.
What is the weather like in Owego?
Owego has average high temperatures of 54.8°F and average lows of 37.8°F. Annual precipitation is 42". Average annual snowfall is 86.5". Data from NOAA 1991–2020 Climate Normals.
Owego at a Glance
- Population
- 3,823
- Median Income
- $57,240
- Home Value
- $143,000
- Median Rent
- $918/mo
- Unemployment
- 2.9%
- Avg High Temp
- 54.8°F
- Sales Tax
- 8.5%
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