Cost of Living in Allegany, NY
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
103.2
100 = national avg
+3.2 vs national average
Living Wage (1 Adult)
$45,402
per year
Living Wage (Family of 4)
$107,315
per year
Cost Index by Category
Housing93.2
Food106.4
Transportation112.8
Healthcare105.1
Utilities102.5
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$783
per month
2 Bedroom
$1,007
per month
The overall cost of living index in Allegany is 103.2, which is 3.2% above the national average. Housing costs are below the national average at an index of 93.2. A single adult needs to earn approximately $45,402 per year to cover basic expenses.