Cost of Living in Sloan, NY

Population 3,757 · New York · Data vintage 2023

57
Cost Index
(100 = US avg)
Page updated: · Data vintage: 2023 ACS 5-Year
Sources: Census ACS·BLS·NOAA·EPA·Zillow · Methodology

Buyers in Sloan can reasonably expect a home to cost less than three years of household income — $120,000 against $69,954 in typical earnings — a ratio that has collapsed to 5:1 or worse in much of the country.

Geographically, Sloan is part of the immediate Buffalo metro area. Median home values run roughly 21% lower than Buffalo's $152,000.

Cost Overview

Housing 39
Rent 82

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

About the Cost of Living in Sloan

The median home value in Sloan is $120,000 — 61% below the national median of $305,000. Median rent runs $1,081/month, 18% lower than the national median of $1,314/month. The median household income of $69,954/year is 6% lower than the US median of $74,580. The local unemployment rate is 4.0%, 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 56.8°F and lows of 40.9°F, with about 95.4" of annual snowfall. Overall, Sloan has a cost of living index of 57 versus the US average of 100, meaning it is 43% less expensive.

🏠 Housing

Median Home Value
$120,000
61% below avg
Median Rent
$1,081/mo
18% below avg
Price-to-Rent Ratio
9.3x
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 75.6%
Renter-occupied 24.4%

💰 Estimated Monthly Budget

Rent median rent
$1,081
Groceries national estimate
$400
Utilities local estimate
$88
Transportation local gas prices
$126
Estimated Total $1,695/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
19.6 min
27% below avg
Gas Price
$3.145/gal
0% below avg
Work From Home
13.4%

Commute Mode

Drove alone
68.4%
Carpooled
12.8%
Public transit
1.1%
Walked
3.4%
Work from home
13.4%

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
$69,954
6% below avg
Per Capita Income
$32,406
Unemployment Rate
4.0%
17% below avg
Poverty Rate
12.6%
Labor Force Participation
63.8%

🎓 Education

Bachelor's degree+ 12.9%
Graduate degree 5.5%

👥 Demographics

Median Age 39.2
Male median age 38.4
Female median age 42.1

🌤 Climate

NOAA 1991–2020 Climate Normals

Avg High
56.8°F
Avg Low
40.9°F
Annual Precip
40.7"
Annual Snowfall
95.4"
10° 30° 50° 70° 90° JFMAMJJASOND High Low Precip
Month JanFebMarAprMayJunJulAugSepOctNovDec
High °F 323342556776807972604837
Low °F 192026374858636255443426
Precip" 3.352.492.893.373.373.373.233.234.104.033.503.75
Snow" 26.718.114.12.50.00.00.00.00.00.97.825.3

💨 Air Quality

EPA AQS 2023 — county-level monitoring data

Median AQI 48 — Good
54.2%
Good air days/yr
176
Max AQI recorded
275
PM2.5 days
86
Ozone days

🏫 Schools

NCES CCD 2019 — public school district data

87%
4-Year Graduation Rate
10.8:1
Student-teacher ratio
4
Public schools
1,356
Total enrollment

Frequently Asked Questions

What is the cost of living in Sloan, NY?

Sloan has a cost index of 57 (100 = national average). It is 43% below the national average.

What is average rent in Sloan, NY?

The median gross rent in Sloan is $1,081 per month based on 2023 Census data.

What is the average home price in Sloan?

The median home value in Sloan is $120,000 according to 2023 Census ACS data.

What is the median income in Sloan?

The median household income in Sloan is $69,954 per year (2023 ACS 5-year estimates).

What is the sales tax in Sloan, NY?

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

Is Sloan, NY affordable?

Yes, Sloan is generally considered affordable, with a cost of living index of 57 — about 43% below the US national average of 100.

What is the weather like in Sloan?

Sloan has average high temperatures of 56.8°F and average lows of 40.9°F. Annual precipitation is 40.7". Average annual snowfall is 95.4". Data from NOAA 1991–2020 Climate Normals.

Sloan at a Glance

Population
3,757
Median Income
$69,954
Home Value
$120,000
Median Rent
$1,081/mo
Unemployment
4.0%
Avg High Temp
56.8°F
Sales Tax
8.5%
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