Cost of Living in Homer, NY
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
111.2
100 = national avg
+11.2 vs national average
Living Wage (1 Adult)
$48,940
per year
Living Wage (Family of 4)
$115,677
per year
Cost Index by Category
Housing118.8
Food104.8
Transportation109.6
Healthcare103.8
Utilities106.6
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$960
per month
2 Bedroom
$1,198
per month
The overall cost of living index in Homer is 111.2, which is 11.2% above the national average. Housing costs are above the national average at an index of 118.8. A single adult needs to earn approximately $48,940 per year to cover basic expenses.