Cost of Living in Newfane, NY
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
104.5
100 = national avg
+4.5 vs national average
Living Wage (1 Adult)
$45,979
per year
Living Wage (Family of 4)
$108,679
per year
Cost Index by Category
Housing94.4
Food107.4
Transportation114.7
Healthcare105.9
Utilities103.3
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$1,139
per month
2 Bedroom
$1,343
per month
The overall cost of living index in Newfane is 104.5, which is 4.5% above the national average. Housing costs are below the national average at an index of 94.4. A single adult needs to earn approximately $45,979 per year to cover basic expenses.