Owego, NY vs Alfred, NY: Cost of Living

Which city costs less?

Alfred, NY has a modeled overall cost index 7.0% higher than Owego, NY.

Owego, NY · modeled 2BR rent
$1,110 / month
Alfred, NY · modeled 2BR rent
$990 / month

These are saved estimates, not current rental listings. Some cities use adjusted regional data. Your household budget can differ from the overall index. Sources and assumptions

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Cost of Living Comparison 2026

Compare Owego, NY and Alfred, NY using saved regional data and explicit budgeting assumptions. Rent estimates are not live listings. Change the salary below, then check the source notes before applying a result to your household.

Saved regional estimates · Sources and assumptions

$
Numbers update automatically as you type

Estimated extra cost: $291/month in Alfred, NY

$150,000 in your current city has a modeled equivalent of $153,493 in Alfred, NY

Regional cost estimates: Owego, NY uses Newark, NJ. Alfred, NY uses Pittsburgh, PA. Available city ZIP rent estimates are shown separately.
Overall Cost
↑ 7.0%
More expensive
Monthly Impact
$291
Extra cost
Annual Impact
$3.5K
Per year

Assumes 60% of current gross income goes to living costs. The headline uses the category budget below; taxes, moving costs and savings goals are excluded.

Owego, NY

Population:4K
Cost Index:
82.1
100 = national average
Typical Home:$191K

Alfred, NY

Population:5K
Cost Index:
87.8
100 = national average
Typical Home:$186K

Planning the move to Alfred?

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Owego, NY

The Empire State

4K
Population
State Tax
Yes

Located in New York, this city has a population of 4K residents.

Alfred, NY

The Empire State

5K
Population
State Tax
Yes

Located in New York, this city has a population of 5K residents.

Cost Breakdown by Category

Estimated monthly spending: Owego, NY vs Alfred, NY

Assumes 60% of your current gross income is spent on these categories. The headline and totals use this same budget. Rent estimates below are separate reference data. Rounded amounts may differ by $1.

Housing
↑ 11.9%
Owego, NY
$1,819
Alfred, NY
$2,036
Difference
$217
more
All Utilities
↑ 16.0%
Owego, NY
$611
Alfred, NY
$709
Difference
$97.96
more
Healthcare
↓ 12.7%
Owego, NY
$705
Alfred, NY
$615
Difference
$89.84
less
Other
↑ 3.0%
Owego, NY
$1,810
Alfred, NY
$1,865
Difference
$54.65
more
Groceries
↑ 2.6%
Owego, NY
$1,127
Alfred, NY
$1,156
Difference
$28.80
more
Transportation
↓ 1.2%
Owego, NY
$1,428
Alfred, NY
$1,411
Difference
$17.54
less

🏠Rent Comparison

Studio
From$800
To$760
↓ $40.00
1 Bed
From$870
To$770
↓ $100
2 Bed
From$1,110
To$990
↓ $120
3 Bed
From$1,420
To$1,260
↓ $160
Owego, NYZIP-level data

1BR range: $870–$870/mo

Alfred, NYZIP-level data

1BR range: $770–$770/mo

💡 Note: HUD Fair Market Rents estimate 40th-percentile gross rents, including most tenant-paid utilities. City ZIP summaries are medians of those estimates, not market median rents. Actual prices vary by neighborhood, amenities, and condition. Source: HUD Small Area Fair Market Rents FY2026.

$7,500
Monthly in Owego, NY
$7,791
Monthly in Alfred, NY
$291
Difference

Home Values

Owego
Alfred
$191K
Median Value
$186K
↑ +2.6%
YoY Change
↑ +7.4%
↑ +31.8%
5-Year Change
↑ +51.9%

Homes in Alfred are 3% less expensive than Owego

Calculate payment - OwegoCalculate payment - Alfred

Source: Zillow Home Value Index (ZHVI), January 2026

Tax Comparison

Annual tax burden comparison at $150.0K salary

Tax Savings
→ $0
Same taxes
Monthly Difference
$0
Same take-home
Effective Rate Diff
0.0%
Rate difference

Owego, NY

Federal Income Tax
Effective: 18.9%
$25.5K
New York State Tax
Effective: 6.4%
$9.5K
FICA Taxes
Social Security + Medicare
$11.5K
Total Taxes
Effective: 31.0%
$46.6K
Take-Home Pay
$8,620/month
$103.4K

Alfred, NY

Federal Income Tax
Effective: 18.9%
$25.5K
New York State Tax
Effective: 6.4%
$9.5K
FICA Taxes
Social Security + Medicare
$11.5K
Total Taxes
Effective: 31.0%
$46.6K
Take-Home Pay
$8,620/month
$103.4K

Additional Tax Information

Owego, NY Tax Rates

Sales Tax:8.8%
Property Tax:1.2%

Alfred, NY Tax Rates

Sales Tax:8.8%
Property Tax:1.2%

💡 Note: Tax calculations are estimates based on 2024/2025 tax brackets for single filers with standard deduction. Actual taxes may vary based on filing status, deductions, credits, and local variations.

Environment

Owego
Alfred
N/A
Air Quality
52 Moderate
-
Good Air Days
47.8%
98 High
Climate Risk
98 High
🌊🌡🌪
Top Hazards
🌊🌪💨
▲+2.9°F
2050 Outlook
▲+3.0°F
15 days
Heat Days >95°F
12 days
▲+2.9°F
2050 Outlook
▲+3.0°F
15 days
Heat Days >95°F
12 days

Before moving from Owego, NY to Alfred, NY

Use this comparison to shortlist a move, then check the costs that depend on your household.

  1. Compare actual homes. Get current quotes in Alfred, NY for the same bedroom count and included utilities as your home in Owego, NY. Add parking, deposits, insurance and any overlapping leases. The rent estimates above are a starting point, not available listings.
  2. Confirm your income. Check your expected pay with your employer, including any location adjustment. Use “Different salary at destination?” above to compare two incomes. The budget model excludes taxes and one-time moving costs; it is not a take-home-pay calculation.
  3. Price your daily routine. Check the commute from a specific address to work, school or childcare. Add household expenses missing from this model, such as childcare, debt payments and medical needs. Verify local services before signing a lease.
  4. Plan the transition. Get moving quotes and budget for travel, setup costs and time off. Open your Owego to Alfred moving checklist to organize the tasks and timing.

Still choosing a destination? Explore cities similar to Alfred, NY by cost, housing, population and region.

Frequently Asked Questions: Owego, NY vs Alfred, NY

How do the cost estimates for Owego, NY and Alfred, NY compare?

Alfred, NY has a modeled overall cost index 7.0% higher than Owego, NY. This is a broad model comparison, not a survey of today's prices or a forecast of your household spending. Some cities use adjusted regional fallback data.

What does the equivalent salary mean?

At a $150,000 salary in Owego, NY, the model estimates $153,493 in Alfred, NY. It allocates 60% of gross income to the origin city’s category budget and applies each destination category’s relative cost. The equivalent salary adds the total category difference to your income. The monthly difference is the same category difference divided by 12; it is not take-home pay or guaranteed savings. Household size, childcare and your actual lease are not inputs to this calculation.

What rent estimates are available for Owego, NY and Alfred, NY?

The modeled two-bedroom rents are $1,110/month in Owego, NY and $990/month in Alfred, NY. Where available, the source is a city median of HUD FY2026 ZIP-level estimates; otherwise a saved metro table is used. City adjustments may also apply. These are not asking rents or available listings. Compare actual properties with the same bedroom count and included utilities.

How should I use this comparison before moving?

Use it to shortlist locations, then replace modeled costs with a current housing quote, employer-confirmed income, commute costs, insurance and your household's other expenses. Add one-time moving costs separately. Source years differ and the saved datasets are not a live price feed. Read the methodology for the formulas and fallback rules.

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