Cost Of Living
Taking into account the cost of goods and services like housing, groceries, transportation and utilities, the overall cost of living in this area is well below average.
Housing
High scores in the housing category are a distinguishing feature of this area, possibly driven by a favorable home affordability ratio, higher home values and appreciation rates.
Amenities
The majority of amenities are not ideally located within walking distance. To access these amenities, residents may be required to rely on a vehicle or public transit.
Commute
A low commute score could be due to longer-than-average work commutes and the limited availability of public transportation in this area.
Employment
In the employment category, a low score could be attributed to low income levels and high unemployment in the area, suggesting potential difficulties in finding lucrative employment.
Located in the state of New York, Penn Yan is a small-sized city with a population of 5,072 residents. At 93%, the majority of the Penn Yan population is White; this is followed by 2% Black and 1% Asian. If you are not a fan of long commutes, you will enjoy living in Penn Yan. With an average one way commute time of only 16 minutes, getting to and from work is a breeze compared to the national average of 26 minutes.
If you’re considering relocating to any new city, it could be a very intimidating task. However, it could also be a positive experience if you are willing to get to know the town before actually living in Penn Yan, New York. When searching for a new neighborhood, several key items should be considered. Safety is of utmost importance, ensuring a secure environment with low crime. Proximity to your workplace or school helps reduce commuting time and offers convenience. Access to amenities such as parks, grocery stores, and healthcare facilities enhances your daily life. Public transportation options contribute to easy mobility. A sense of community fosters a supportive and engaging environment. Lastly, the overall atmosphere should align with your desired lifestyle, ensuring a fulfilling living experience. Considering these items will guide you towards finding the perfect neighborhood that fits all your needs. Using the livability score which includes data from categories like crime, health & safety, education, housing, you can easily compare the best places to live in Penn Yan and also determine if there are any nearby cities that might be a better match for your lifestyle. You can also compare Penn Yan to New York and the national average.
Penn Yan, NY receives 64 out of 100 for its livability score; this results in a ranking of #662 in New York and #11,919 in the USA. Based on the scores for each individual category, Penn Yan has received high marks for crime (A+), cost of living (A), education (B-) and housing (B). Regrettably for Penn Yan, there are some categories for which it does not score well, this includes: amenities (F) and employment (F).
The unemployment rate in Penn Yan has consistently declined over the years and currently stands well below the national average at 1.6%. This downward trend holds the potential to reduce poverty and inequality within the region, promote higher wage levels and stimulate greater economic growth. Such positive indicators signal the overall robust health of the local economy, offering a promising outlook for its residents and fostering an environment of financial well-being and prosperity.
A robust real estate market serves as a crucial economic indicator, reflecting the local area's strength, stability and the confidence of its residents. Penn Yan excels in the housing sector, scoring high marks based on factors such as median home and rental prices, appreciation rates and home affordability. These calculations suggest that the apartment rental and real estate market in the region is exceptionally healthy, highlighting the area's economic vitality and attractiveness to potential homebuyers and renters.
Certain items on your wish list like shopping, restaurants, nightlife, parks and proximity to public transportation are all important things to look for. Having said that, perhaps the most important metric to consider when contemplating a move to Penn Yan is real estate affordability. The median home price for Penn Yan homes is $114,600, which is 60% lower than the New York average. If we take a closer look at the affordability of homes in Penn Yan, we’ll see that the home price to income ratio is 3.3, which is 29.8% lower than the New York average.
| Statistic | Penn Yan | New York | National |
| Average one way commute | 16min | 33min | 26min |
| Workers who drive to work | 77.6% | 53.0% | 76.4% |
| Workers who carpool | 6.3% | 6.7% | 9.3% |
| Workers who take public transit | 0.0% | 28.0% | 5.1% |
| Workers who bicycle | 1.0% | 0.7% | 0.6% |
| Workers who walk | 7.7% | 6.3% | 2.8% |
| Working from home | 7.2% | 4.0% | 4.6% |
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