B
1%
Overall NAT. AVG.
2%
Goods & Services NAT. AVG.
6%
Housing NAT. AVG.
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Date & Last Updated: This data reflects 2023 and was released from C2ER in January, 2024; this is the most current data available.
The cost of living index is based on a national average of 100. For example, if the cost of living is 90, then it is 10% lower than average. If the cost of living is 110, then it is 10% higher than average. The breakdown for each index is as follows: goods & services (33%), groceries (13%), health care (5%), housing (30%), transportation (9%) and utilities (10%). If the cost of living data was unavailable for this city, estimates based upon nearby cities were used.
Index Canandaigua New York National
Cost of living99117100
Goods & Services102108100
Groceries98102100
Health care99103100
Housing94145100
Transportation108105100
Utilities92100100

An Overview of Cost of Living in Canandaigua, NY

Getting a feel for the cost of living in Canandaigua is essential for anyone planning to relocate, as it empowers them to make informed financial decisions, secure a comfortable lifestyle and maintain financial stability in their new environment. The cost of living in Canandaigua is 99, which is 1% lower than the national average. Relocating individuals may need to adjust their savings and investment strategies based on the cost of living in the new location. It influences decisions about retirement planning, investments and financial goals.

The cost of living in Canandaigua is about average when compared to all other cities across the nation. You can expect that everyday items like food, goods and services and utility bills will be no more expensive than any other average city. Residents can anticipate living expenses that remain in line with the national average, ensuring a manageable financial burden, making it an attractive choice for those seeking affordability without the constraints of higher everyday expenditures.

Is Canandaigua Affordable?

Is Canandaigua affordable? This is a pivotal question, especially when mulling over a move, as affordability carries substantial weight in your decision-making process. Factors such as the cost of living index (discussed earlier), housing expenses and income levels all contribute to a location's affordability. For instance, in Canandaigua, the median home price is 4.1% lower than the national average and monthly rent prices are 9.8% lower than the typical rates. Additionally, the median income levels play a role in affordability, with Canandaigua boasting a median household income of $48,125, 13% lower than the national average.

What Factors can Influence the Cost of Living in Canandaigua?

Taxes: Locations with elevated tax rates, encompassing both sales and income taxes, can be a factor in driving up the cost of living. When you're paying more in taxes for everyday goods and services, it naturally translates into higher expenses. Similarly, a higher income tax rate can also contribute to an overall higher cost of living. In Canandaigua, the standard sales tax rate starts at 4%, and the income tax rates commence at 4%.

Subsidies: Certain cities or states may implement government subsidies or assistance programs with the goal of alleviating the cost of living pressures on their residents. These programs encompass a broad spectrum of support mechanisms, including Medicare, Medicaid, housing subsidies, low-income home energy assistance programs, school lunch programs, supplemental nutrition assistance programs, student loans, electric vehicle tax credits, affordable care act subsidies and farming subsidies. Areas offering fewer subsidies may experience a rise in their cost of living.

Housing: High demand for housing in desirable locations can drive up property prices and rental rates. This can be a primary contributor to a higher cost of living. While low demand for housing, especially in undesirable locations, can have the reverse effect and drive prices down, resulting in a lower cost of living. The housing index in Canandaigua, is 5.8% lower than the national average.

Where is the Data From?

The Canandaigua cost of living data displayed above is derived from the C2ER cost of living index to provide a useful and reasonably accurate measure of living cost differences in urban areas. The index takes into account data from 300 independent researches, covering more than 60 goods and services across 6 different categories, to create an overall index for each area, with 100 being the average. The C2ER index does not include sales or income tax rates in their data, however AreaVibes does include both income and sales tax rates in the overall cost of living score for each area.

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Cost Of Living Quick Facts

  • The cost of living in Canandaigua is 16% lower than the New York average
  • The cost of living in Canandaigua is 1% lower than the national average
  • Canandaigua housing is 6% lower than the national average
  • New York general sales tax is 22% lower than the national average
  • New York state income tax is 54% higher than the national average

Most Affordable Places to Live in and Around Canandaigua

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Compare Canandaigua, NY Cost of Living

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      Price difference in compared to
      Cost of living index
      Goods & Services index
      Groceries index
      Health care index
      Housing index
      Transportation index
      Utilities index

      Median Income & Debt-To-Income Ratio

      Median Income Per Year Per Month Max Budget (28% DTI) Max Budget (36% DTI)
      Owners$91,500$7,625$2,135$2,745
      Renters$35,565$2,964$830$1,067
      The affordability of the housing market in Canandaigua, NY as well as the overall cost of living can be predicted by what percent of the monthly income is spent on housing related costs. This is konwn as the debt-to-income ratio (DTI). The overall rule of thumb is that no more than 28% of your gross income should be spent on the overall costs related to housing and no more than 36% of gross income on all expenses and debts. Among Canandaigua homeowners, the median income is $91,500. This indicates that a monthly maximum of $2,135 should be spent by homeowners on all housing related costs. Renters have a median income of $35,565. This indicates that renters would have a maximum of $830 for their rent related monthly costs.

      New York Sales Tax

      State General Sales Tax With Max Surtax
      New York 4% 8.875%

      New York Income Tax

      State Income Tax (Low) Income Tax (High)
      New York 4% 10.9%

      Goods & Services

      Item Canandaigua National avg. Difference
      Haircut $26.78$24.2610.4%
      Beauty Salon $44.58$45.562.2%
      Toothpaste $3.72$3.700.4%
      Shampoo $1.70$1.2832.6%
      Movie $15.90$12.1331.0%
      Bowling $24.25$18.0034.7%

      Groceries

      Item Canandaigua National avg. Difference
      Ground Beef $6.04$5.843.5%
      Fried Chicken $1.55$1.571.4%
      Milk $5.16$4.6710.5%
      Potatoes $5.21$4.935.7%
      Pizza $13.16$12.098.9%
      Beer $11.98$10.4115.1%

      Health Care

      Item Canandaigua National avg. Difference
      Optometrist $124.25$125.681.1%
      Doctor $154.18$135.7813.6%
      Dentist $124.68$113.2910.1%
      Ibuprofen $11.17$10.654.8%
      Lipitor $398.58$468.6014.9%

      Housing

      Item Canandaigua National avg. Difference
      Home Price $177,200.00$184,700.004.1%
      Avg. Mortgage Payment $5,235.60$2,346.69123.1%
      Apartment Rent $856.00$949.009.8%

      Transportation

      Item Canandaigua National avg. Difference
      Gasoline $3.58$3.463.6%
      Tire Balancing $59.33$59.921.0%

      Utilities

      Item Canandaigua National avg. Difference
      All Electricity $196.28$193.991.2%
      Phone $200.67$192.254.4%
      Although the cost of living data is updated regularly, this cost of living information is to be used as estimates only as prices can change on an ongoing basis.

      Nearby cities with low cost of living

      City Population Cost of Living Index National Avg.
      Port Gibson, NY8591010.7%
      Lyons, NY3,3138713.3%
      Rushville, NY7248712.9%
      Newark, NY8,8688910.9%
      Palmyra, NY3,3619010.5%
      Canandaigua, NY10,241991.3%

      Cities with similar population

      City Population Cost of Living Index National Avg.
      Belle Chasse, LA10,24111312.5%
      London, OH10,241919.4%
      Doraville, GA10,2441076.6%
      Sumner, WA10,24613333.5%
      Shasta Lake, CA10,23511211.7%
      Canandaigua, NY10,241991.3%
      Date & Last Updated: This data reflects 2023 and was released from C2ER in January, 2024; this is the most current data available.