10 Most Affordable Places to Live in New York

New York State is located in the north-eastern United States and is bordered by the states of New Jersey, Pennsylvania, Connecticut, and Massachusetts. New York State is home to a diverse population, with people from all over the world living and working in the state. The economy of New York State is also diverse, with a large number of businesses operating in the state. New York State is a popular tourist destination, with people from all over the world visiting the state’s many attractions, including Niagara Falls, Central Park, and the Statue of Liberty. New York State is a beautiful place to live, work, and visit.

New York state is expensive; there’s no doubt about it. But, if you’re on a tight budget, there are several affordable places to live in the state. These areas offer a great mix of affordability and natural beauty, making them ideal for those looking to save money while still enjoying all that New York

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1. Albany

Albany is the capital of New York State, and it’s also one of the most affordable places to live in the state. Located on the Hudson River, Albany offers a mix of urban amenities and natural beauty, with plenty of parks, recreational areas, and hiking trails nearby. Albany’s history is reflected in its architecture, including several Dutch Colonial and Victorian buildings. In addition, Albany has excellent public transportation options, with several bus and train routes running through the city. Albany is home to several colleges and universities, including SUNY Albany and Rensselaer Polytechnic Institute. The cost of living in Albany is lower than the average cost of living in New York State, making it an affordable place to live.

  • Population – 98,425
  • Median Value Of Home – $172,700
  • Median Rent – $875
  • Overall Cost of Living Compared to National Average 100 – 94.6
  • Employability Rate – 95.4
  • Crime Rate per 1000 residents – 36.42 (8.85 Violent and 27.57 Property)
  • Healthcare, Retail, and education are among the city’s major employers.
  • Best Neighborhoods- Park south, Pinehills, Helderberg

Things to Do in Albany

  • Take a look at the New York State Capitol’s original 19th-century architecture and see the state’s legislative chambers.
  • Get tickets for a comedy performance or a musical show at The Egg, or watch the Albany Berkshire Ballet’s shows.
  • Play a round of 18-holes at Capital Hills Golf Course; you can also sign up for lessons.

2. Buffalo

Founded in 1679, Buffalo is the second-largest city in the state of New York. Located on the eastern shore of Lake Erie and at the head of the Niagara River, Buffalo is a central hub for commerce and transportation. The city is home to a diverse population, with significant Italian, Irish, Polish, and African American communities. Buffalo is also known for its rich architectural heritage, with many buildings dating back to the 19th century. With great schools and universities, including the University at Buffalo, there is plenty to do in Buffalo for both young and old alike. Today, the city is undergoing a renaissance, with new businesses and cultural attractions revitalizing its downtown core. From its vibrant food scene to its world-class museums, Buffalo has something to offer everyone. Additionally, with a lower cost of living than the New York average, Buffalo offers excellent value for those looking to live in the state on a budget.

  • Population – 258,989
  • Median Value Of Home – $72,600
  • Median Rent – $710
  • Overall Cost of Living Compared to National Average 100 – 79.5
  • Employability Rate – 94.2
  • Crime Rate per 1000 residents – 38.44 (9.43 Violent and 29.02 Property)
  • Among the city’s most well-known employers are the manufacturing, healthcare, and education sectors.
  • Best Neighborhoods- Allentown, North Park, Black Rock

Things to Do in Buffalo

  • The Buffalo Zoo is home to gorillas, otters, and rhinos, explore the place and see them.
  • Travel to the vast world of dinosaurs at the Buffalo Museum of Science and discover about weather and gravity.
  • Cheer on the Buffalo Sabres (NHL) as they face off against their rivals at the KeyBank Center.

Also See: Moving to Buffalo NY

3. Geneva

Located on the shore of Seneca Lake in the Finger Lakes region of New York, Geneva is a charming small city that offers a wealth of natural beauty and cultural attractions. With its picturesque downtown shops and quiet residential neighborhoods, this small city offers a beautiful blend of urban and rural living. Geneva is also a relatively affordable city to live in, with a cost of living that’s far lower than the state average. Whether you’re looking for energetic nightlife or an idyllic lakeside retreat, there is something for everyone in Geneva.

  • Population – 13,136
  • Median Value Of Home – $$91,000
  • Median Rent – $709
  • Overall Cost of Living Compared to National Average 100 – 81.6
  • Employability Rate – 96.0
  • Crime Rate per 1000 residents – 18.89 (3.20 Violent and 15.69 Property)
  • The city’s major employers include food, Retail, and pharmaceuticals.
  • Best Neighborhoods- Castle Heights, Hildreth Hills, Western Gardens

 Things to Do in Geneva

  • Smith Center for the Arts in Fort Worth hosts various events, including live music, classic movies, and local shows.
  • Spend a day at Seneca Lake State Park, which has a picnic area, boat rentals, and hiking and cycling options.
  • Come out for the monthly Geneva Night Out, a cultural celebration on the first Friday of each month.

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4. Hudson

Hudson is a small city located in Columbia County, New York. With a population of just over 6,000 people, Hudson is the perfect place for those looking for a quiet and relaxed pace of life. This historic city is known for its charming Victorian-era architecture and quaint downtown shops. The city is also home to a number of excellent cultural attractions, including galleries, theaters, and museums. With its incredible natural beauty and thriving arts scene, Hudson is the ideal place to live for those looking to enjoy life at a slower pace. With its affordable housing and low cost of living compared to the New York state average, Hudson is also an excellent choice for those looking to live on a budget.

  • Population – 6,549
  • Median Value Of Home – $183,100
  • Median Rent – $749
  • Overall Cost of Living Compared to National Average 100 – 93.3
  • Employability Rate – 95.7
  • Crime Rate per 1000 residents – 21.55 (3.79 Violent and 17.77 Property)
  • Manufacturing and construction are among the city’s major employers.
  • Best Neighborhoods- Nyack, Kingston, Northern Westchester

 Things to Do in Hudson

  • Stop by art galleries such as Caldwell Gallery Hudson, September Gallery, and Carrie Haddad Gallery on Warren Street.
  • Attend the Hudson Farmers Market to get tasty fruits and vegetables or buy handcrafted items while listening to live music.
  • Plan a picnic for the whole family or go kayaking in the Henry Hudson waterfront park.

5. Lake Placid

Lake Placid is a scenic small town that offers residents a balance of natural beauty and urban amenities situated in the heart of the Adirondack Mountains. From its beautiful lakeside parks to its bustling downtown district, there is something for everyone in Lake Placid. With its vibrant cultural scene, excellent restaurants, and world-class outdoor recreation, Lake Placid is the perfect place to live for those who want to enjoy all that New York has to offer. With a lower cost of living than the New York state average, Lake Placid is a reasonably priced community to call home.

  • Population – 2,639
  • Median Value Of Home – $219,300
  • Median Rent – $758
  • Overall Cost of Living Compared to National Average 100 – 110.3
  • Employability Rate – 94.1
  • Crime Rate per 1000 residents – 33.05 (4.24 Violent and 28.81 Property)
  • The city’s major employers include Manufacturing, tourism, and food.
  • Best Neighborhoods- Whiteface, North Pole, Ray Brook

Things to Do in Lake Placid

  • Visit the Lake Placid Winter Olympic Museum to learn more about the history of the Winter Olympics.
  • At the 45-hole Lake Placid Club, play a few rounds of golf with your pals.
  • Visit Lake Placid Beach to swim in Mirror Lake or hire canoes and standup paddleboards.

6. North Tonawanda

Located on the southern bank of the Niagara River, North Tonawanda is a vibrant city in western New York. With a history that dates back to the late 1800s, North Tonawanda is known for its rich cultural heritage and friendly community spirit. North Tonawanda is a beautiful place to call home with its beautiful waterfront parks, expansive hiking trails, and lively downtown district. This charming city offers residents a wealth of amenities and opportunities for outdoor recreation, making it the perfect choice for those who love spending time in nature. North Tonawanda is an attractive place to live, with its affordable cost of living and excellent public schools, and a low crime rate.

  • Population – 30,935
  • Median Value Of Home – $109,200
  • Median Rent – $1005
  • Overall Cost of Living Compared to National Average 100 – 85.2
  • Employability Rate – 94.7
  • Crime Rate per 1000 residents – 13.21 (1.38 Violent and 11.84 Property)
  • Healthcare and tourism are among the city’s major employers, while Manufacturing is a significant contributor to the economy.
  • Best Neighborhoods- Sandy Beach, Grand Island, Kenmore

Things to Do in North Tonawanda

  • At the Herschell Carrousel Factory Museum, discover how paper music rolls are made and play on interactive exhibits in the Kiddeland Testing Park.
  • At Riviera Theatre, you may see a comedy performance, watch classic movies, or hear tribute bands.
  • Visit Niagara Falls State Park any time of the year to catch spectacular photographs of the falls.

7. Saratoga Springs

An upstate New York gem, Saratoga Springs is a small city with a big heart. This vibrant community is known for its healing mineral springs, world-class horse racing, and rich cultural heritage. Saratoga Springs is a lovely place to call home with its beautiful Victorian architecture, lively downtown district, and abundance of parks and green spaces. The city is also home to several colleges and universities, making it an excellent place for students to live and learn. Saratoga Springs enjoys a low cost of living and outstanding public schools, making it an attractive destination.

  • Population – 27,447
  • Median Value Of Home – $332,800
  • Median Rent – $1,069
  • Overall Cost of Living Compared to National Average 100 – 115.8
  • Employability Rate – 95.8
  • Crime Rate per 1000 residents – 19.90 (2.18 Violent and 17.72 Property)
  • Healthcare and education industries are some of the city’s major employers.
  • Best Neighborhoods- Greenfield Center, Schuylerville, Malta

Things to Do in Saratoga Springs

  • The dancers will perform, and the Philadelphia Orchestra will perform at the Saratoga Performing Arts Center.
  • Hit the links at Saratoga Spa State Park for a quick 18 holes at the Saratoga Spa State Park Golf Course.
  • Spend the day learning about automobiles, new and old, at the Saratoga Automobile Museum.

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8. Syracuse

Located in the heart of central New York, Syracuse is a vibrant city with much to offer its residents. With a rich history dating back to the 1800s, this dynamic community provides numerous cultural and recreational amenities, excellent schools, and a thriving economy. From its charming downtown district to its bustling waterfront parks, there is something for everyone in Syracuse. It is one of the most affordable communities to reside in New York, with a lower cost of living than the overall state average.

  • Population – 144,350
  • Median Value Of Home – $89,900
  • Median Rent – $737
  • Overall Cost of Living Compared to National Average 100 – 79.0
  • Employability Rate – 93.9
  • Crime Rate per 1000 residents – 37.01 (8.22 Violent and 28.79 Property)
  • The city’s major employers include the Gas, Childcare, and Healthcare sectors.
  • Best Neighborhoods- Washington Square, Eastside, Westcott

Things to Do in Syracuse

  • Take a trip to Destiny USA, where you may shop till you drop, with over 200 different businesses, including Macy’s, Pottery Barn, Steve Madden, and more!
  • Visit the Rosamond Gifford Zoo to see snow leopards, monkeys, and armadillos.
  • Head to Onondaga Lake Park for jogging.

9. Ilion

Nestled in the Mohawk Valley region of New York State, the village of Ilion is a historic community with a rich industrial heritage. Founded in 1792, Ilion was initially a small farming town. However, it soon became known for its firearms production, with several major gun manufacturers setting up operations in the village. In fact, during the Civil War, Ilion was one of the largest suppliers of firearms to the Union Army. Today, the village is home to about 7,000 residents. While Manufacturing still plays an important role in the local economy, Ilion has also become a popular destination for outdoor recreation. The rolling hills and scenic views of the Mohawk Valley make it a beautiful place to hike, bike, and camp.

  • Population – 7,485
  • Median Value Of Home – $114,589
  • Median Rent – $1000
  • Overall Cost of Living Compared to National Average 100 – 77.4
  • Employability Rate – 91.6
  • Crime Rate per 1000 residents – 32.57 (4.32 Violent and 28.25 Property)
  • Food and Manufacturing are among the city’s major employers.
  • Best Neighborhoods- North Ilion, Dennison Corners

Things to Do in Ilion

  • Go to picnic at the Jones family farm and enjoy quality time with your family.
  • At Erie Canal Cruises, you can have a Canal ride with your loved ones.
  • Seymour June House Art and Antiques is a treat for art and antique lovers.

10. Massena

Massena, NY, is a vibrant, dynamic community known for its rich history, thriving businesses, and welcoming atmosphere. Founded in the early 1800s as a depot town on the massive railroad network that connected New York to Montreal, Massena has always been at the center of trade and commerce in the northeastern United States. Today, thanks to its strategic location and extensive infrastructure networks, Massena continues to be a major economic hub in the region. The town is home to dozens of modern manufacturing companies that produce everything from food products to high-tech electronics. Its beautiful natural landscape and abundance of outdoor recreational opportunities also attract tourists from all over the world. Whether you’re looking for a place to start your own business or just want to take advantage of all that Massena has to offer, this charming community is hard to beat.

  • Population – 9,993
  • Median Value Of Home – $91,961
  • Median Rent – $1253
  • Overall Cost of Living Compared to National Average 100 – 102.6
  • Employability Rate – 95.3
  • Crime Rate per 1000 residents – 28.77 (1,48 Violent and 27.29 Property)
  • Government and Manufacturing are two of the city’s major employers.
  • Best Neighborhoods- Massena Springs, Plumbrook, Norfolk

Things to Do in Massena

  • Visit Massena Nature Centre and fall in love with nature all over again.
  • Enjoy the sunshine at Massena town beach.
  • Watch a play at 56 Auto Drive-In Theatre.

Conclusion

As you can see, there are many affordable places to live in New York. Whether you’re looking for a small-town atmosphere or a vibrant cityscape, there’s sure to be an ideal place for you. Be sure to do your research, though; each city has its own unique set of pros and cons. So don’t wait any longer; start your search today and find the perfect home for you and your family. Thanks for Reading!

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Also See: 8 Best Neighborhoods in New York for Families | Largest Cities In New York

Frequently Asked Questions

Why is New York State a great place to live?

New York State has much to offer in terms of natural beauty, economic opportunities, and overall quality of life. With a rich history and diverse landscape, it is truly one of the most unique and exciting places to live in the United States. Whether you’re looking for small-town charm or big-city excitement, New York has something for everyone.

What are some of the most affordable places to live in New York?

Some of the most affordable places to live in New York include Ilion, Syracuse, and Buffalo. These cities have the lowest cost of living in New York State.  

How can I find an affordable home in one of these cities?

Look on Google, get advice from your pals and family, and you’ll be able to locate a cheap house in one of these cities.

How do I choose the best city to live in, New York?

It would be best if you thought about factors like housing costs, employment opportunities, weather, and recreational activities while selecting a new city.

See Also: Top National Moving Companies in the USA

Written by


Rostislav Shetman is the founder of 9Kilo Moving. He has been in the moving and relocation industry for more than 25 years, making him an expert in his field. Rostislav started as a helper, dispatcher and driver and has worked his way up to owning his own company. He takes great pride in his work and enjoys helping people relocate across the United States of America. When he's not working, Rostislav enjoys spending time with his family and friends. They are the light of his life and bring him happiness every day.