Cost of Living in Penn Yan, NY

Cost indexes, living wages, and fair market rents — 2024 Data

Cost of Living Overview

Overall Index

84.3

100 = national avg

-15.7 vs national average

Living Wage (1 Adult)

$37,110

per year

Living Wage (Family of 4)

$87,715

per year

Cost Index by Category

Housing
83.3
Food
89.3
Transportation
78.7
Healthcare
91.5
Utilities
90.3

100 = national average. Higher = more expensive.

Fair Market Rent

Source: HUD

1 Bedroom

$836

per month

2 Bedroom

$1,097

per month

The overall cost of living index in Penn Yan is 84.3, which is 15.7% below the national average. Housing costs are below the national average at an index of 83.3. A single adult needs to earn approximately $37,110 per year to cover basic expenses.