B
4%
Overall NAT. AVG.
15%
Goods & Services NAT. AVG.
37%
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 Rome New York National
Cost of living96117100
Goods & Services115108100
Groceries99102100
Health care103103100
Housing63145100
Transportation109105100
Utilities107100100

An Overview of Cost of Living in Rome, NY

Understanding the cost of living in Rome can help future residents assess whether their current financial situation aligns with the expenses they will encounter. It enables them to plan for potential changes in their budget and lifestyle. The Rome cost of living index is 96, which is 4% lower than the national average. The cost of living index is calculated by taking into account multiple categories, which encompass both the cost of everyday expenditures and larger expenses as well.

In Rome, daily expenses such as food, housing, goods and services, transportation and health care are in line with comparable areas and about average when compared to all cities across the nation. This ensures that the cost of living in Rome will resemble that of an average city, contributing to a manageable cost of living.

Goods and services make up 33% of the total cost of living index score and are a large part of your everyday expenses. These items could include things like haircuts, salons, toothpaste, shampoo, clothes, movies, bowling, gym memberships or yoga. In Rome, you can expect to pay 15% more than average for these items, making it a more expensive place to live.

What Do Locals Say About the Cost of Living in Rome?

The real experts on a city are its residents. That's why we reached out to 6 locals to get their views on the cost of living in Rome. We surveyed the residents and asked them if they felt like prices were affordable or out of reach. The results were as follows. 50% found it budget-friendly with decreasing prices, while 50% said it's simply not affordable as prices have continued to rise.

Is Rome Affordable?

Is Rome 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 Rome, the median home price is 45.2% lower than the national average and monthly rent prices are 17.9% lower than the typical rates. Additionally, the median income levels play a role in affordability, with Rome boasting a median household income of $51,752, 6.5% lower than the national average.

What Factors can Influence the Cost of Living in Rome?

Transportation: In cities with limited or no public transportation, residents may find it necessary to own and maintain vehicles, thereby elevating the cost of living. Monthly expenditures include fuel, insurance, routine maintenance and potential lease or financing commitments. In Rome, the transportation index stands at 8.9% higher than the national average.

Urbanization: Larger, urban hubs brimming with ample amenities and robust employment opportunities often showcase a heightened cost of living. This surge is primarily attributed to the amplified demand for services and increased residential migration, culminating in elevated home prices and elevated rental rates. Conversely, less densely populated rural locales or regions characterized by reduced demand tend to offer a more limited array of amenities and undergo slower job market growth, ultimately yielding a more affordable cost of living.

Healthcare: Healthcare expenditures and insurance premium rates can vary significantly, contingent upon the particular city or state. Factors such as the accessibility of healthcare facilities, out-of-pocket expenses for doctor's appointments, dental care charges, prescription medication costs, and expenses related to specialized medical care can all have an impact on the overall cost of living. In Rome, healthcare costs are 3.4% higher than the national average.

Where is the Data From?

The Rome cost of living data you see above is sourced from the C2ER cost of living index, providing a practical and accurate means of comparing living expenses in urban areas. Updated quarterly, this index gathers data from over 300 independent researchers, covering more than 60 goods and services, in 6 different categories. These selections are made meticulously to represent a wide range of consumer expenditure categories. The weightings applied to cost differences are based on government survey data that tracks spending patterns among professional and executive households. It's important to note that while the C2ER index excludes data on sales or income tax rates, AreaVibes factors tax rates into the overall cost of living score for each region.

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Cost Of Living Quick Facts

  • The cost of living in Rome is 18% lower than the New York average
  • The cost of living in Rome is 4% lower than the national average
  • Rome housing is 37% 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 Rome

See all the best places to live around Rome

Compare Rome, NY Cost of Living

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      This is how much you would need to earn in
      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$67,407$5,617$1,573$2,022
      Renters$31,603$2,634$737$948
      To approximate the cost of living and the housing affordability in Rome, NY, we can look at the percentage of income that is available to be spent on monthly housing, otherwise known as the debt-to-income ratio (DTI). To stay on the safe side, a consumer should not spend more than 28% of his or her gross income on housing-related expenses and costs and not more than 36% of income on all expenses and debts. Homeowners in Rome have a median income of $67,407. Therefore, the amount that a consumer should spend on housing costs should be no more than $1,573 per month to avoid calamity and poverty. The renters in the city have an income of about $31,603, which would make their monthly maximum allowable rental costs $737.

      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 Rome National avg. Difference
      Haircut $15.89$24.2634.5%
      Beauty Salon $39.00$45.5614.4%
      Toothpaste $3.67$3.700.8%
      Shampoo $1.17$1.288.9%
      Movie $11.17$12.137.9%
      Bowling $14.33$18.0020.4%

      Groceries

      Item Rome National avg. Difference
      Ground Beef $5.84$5.840.1%
      Fried Chicken $1.51$1.574.0%
      Milk $4.80$4.672.8%
      Potatoes $5.11$4.933.5%
      Pizza $12.75$12.095.5%
      Beer $10.36$10.410.5%

      Health Care

      Item Rome National avg. Difference
      Optometrist $111.00$125.6811.7%
      Doctor $143.15$135.785.4%
      Dentist $118.67$113.294.7%
      Ibuprofen $10.40$10.652.4%
      Lipitor $509.11$468.608.6%

      Housing

      Item Rome National avg. Difference
      Home Price $101,200.00$184,700.0045.2%
      Avg. Mortgage Payment $1,404.03$2,346.6940.2%
      Apartment Rent $779.00$949.0017.9%

      Transportation

      Item Rome National avg. Difference
      Gasoline $3.64$3.465.1%
      Tire Balancing $70.72$59.9218.0%

      Utilities

      Item Rome National avg. Difference
      All Electricity $215.23$193.9910.9%
      Phone $194.79$192.251.3%
      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.
      Westmoreland, NY4931099.5%
      Whitesboro, NY3,624955.5%
      Yorkville, NY2,575955.0%
      Chadwicks, NY1,140954.9%
      Camden, NY2,560909.7%
      Rome, NY32,217964.5%

      Cities with similar population

      City Population Cost of Living Index National Avg.
      College Park, MD32,22113332.5%
      Eastpointe, MI32,221909.8%
      Orillia, ON32,222n/a 
      Greer, SC32,229991.4%
      Jackson, MI32,2518119.5%
      Rome, NY32,217964.5%
      Date & Last Updated: This data reflects 2023 and was released from C2ER in January, 2024; this is the most current data available.