Cost of Living in Hancock, NY
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
94.3
100 = national avg
-5.7 vs national average
Living Wage (1 Adult)
$41,482
per year
Living Wage (Family of 4)
$98,047
per year
Cost Index by Category
Housing111.9
Food88.6
Transportation77.3
Healthcare90.9
Utilities95.6
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$884
per month
2 Bedroom
$1,033
per month
The overall cost of living index in Hancock is 94.3, which is 5.7% below the national average. Housing costs are above the national average at an index of 111.9. A single adult needs to earn approximately $41,482 per year to cover basic expenses.