Cost of Living in Phelps, NY
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
106.1
100 = national avg
+6.1 vs national average
Living Wage (1 Adult)
$46,694
per year
Living Wage (Family of 4)
$110,367
per year
Cost Index by Category
Housing116.8
Food99.9
Transportation99.8
Healthcare99.9
Utilities103.3
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$1,256
per month
2 Bedroom
$1,573
per month
The overall cost of living index in Phelps is 106.1, which is 6.1% above the national average. Housing costs are above the national average at an index of 116.8. A single adult needs to earn approximately $46,694 per year to cover basic expenses.