Cost of Living in Rome, NY
Cost of Living in Rome, NY has an overall index of 86, 14% below the U.S. baseline of 100. The typical home value is $199,530; typical monthly rent is $871; and median household income is $58,857.
Cost index: committed city housing/rent inputs and BEA 2024 metro-area price parities. Home value: Zillow ZHVI market signal as of 2026-02. Rent: Census ACS 2023 fallback place estimate. A place-level signal, not a personal affordability decision or financial recommendation.
Rent and home prices are comparatively balanced with local income. This describes the local market, not your household.
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Other New York cities with a useful tradeoff.
Recommendations require usable housing and income data and exclude very small places for a city of this scale.
Frequently asked questions about Rome
Living in Rome
Is Rome, NY an affordable place to live?+
Yes — everyday expenses in Rome run about 14% below the US average (Cost Index: 86). Housing is especially affordable: the median home is valued around $199,530, compared to the $303,400 national median. Monthly rent is $871, versus $1,348 nationally.
How does Rome fit a household housing budget?+
Start with housing. Typical monthly rent is $871, while local median household income is $58,857. That implies a rent-burden proxy of about 18% before utilities and other costs. Use that as a planning signal for whether the place looks manageable under your own household assumptions.
How much are taxes in Rome, NY?+
New York uses a progressive model; 10.9% is top marginal-rate context. Applying the 1.72% state-level effective owner-occupied proxy to a home worth $199,530 gives a planning estimate near $3,432 per year; it is not a city, county, parcel, or individual tax bill. State plus average local sales-tax context is around 8.52%.
How much does it cost to rent in Rome, NY?+
The typical monthly rent in Rome is around $871. That's roughly 35% lower than the $1,348 national median. For comparison, the median home value here is $199,530, so buyers should also factor in mortgage payments, property taxes, and insurance.
How much does a house cost in Rome, NY?+
The typical home value in Rome is $199,530. With 20% down and the committed 6.11% national 30-year fixed benchmark as of 2026-03-12, principal and interest are roughly $968/month before property tax and insurance. This is a planning estimate, not a local lender quote. About 55% of residents here own their homes.
Are groceries and utilities expensive in Rome?+
Grocery prices in Rome are about average compared to the rest of the US (index: 100, where 100 is the national average). Utility bills (electricity, gas, water) are on the high side (index: 132). Overall, these everyday costs shouldn't cause major surprises if you're moving from another similarly-sized US city.
What is Rome, NY like to live in?+
Rome is a smaller city with a population of about 31,795. The median age of residents is 40.4, which is close to the national median. The local poverty rate is 18.13%, above the national average of 12.4%.