Cost of Living in Owego, NY
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
95.9
100 = national avg
-4.1 vs national average
Living Wage (1 Adult)
$42,211
per year
Living Wage (Family of 4)
$99,771
per year
Cost Index by Category
Housing104.0
Food93.8
Transportation87.5
Healthcare95.0
Utilities97.1
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$868
per month
2 Bedroom
$1,103
per month
The overall cost of living index in Owego is 95.9, which is 4.1% below the national average. Housing costs are above the national average at an index of 104.0. A single adult needs to earn approximately $42,211 per year to cover basic expenses.