Key Economic Benchmarks
Median Household Income
$68,089$5,674 per month · U.S. Census Bureau ACS 5-YearFair market rent & 30% rule in Seneca County, NY
Official HUD Fair Market Rents evaluated against local household income benchmarks.
2026 HUD Fair Market Rent Schedule: Seneca County, NY
Official FY2026 HUD Fair Market Rents for Seneca County, NY. Under the federal 30% housing affordability standard, housing costs are sustainable when they consume 30% or less of gross household income.
| Unit Size | Monthly Rent | Annual Rent | 30% Rule Min. Income | % of Median Income |
|---|---|---|---|---|
| Studio / Efficiency | $879 | $10,548 | $35,160 | 15.5% |
| 1-Bedroom Apartment | $921 | $11,052 | $36,840 | 16.2% |
| 2-Bedroom ApartmentBenchmark | $1,169 | $14,028 | $46,760 | 20.6% |
| 3-Bedroom Home | $1,550 | $18,600 | $62,000 | 27.3% |
| 4-Bedroom Home | $1,961 | $23,532 | $78,440 | 34.6% |
50/30/20 Living Budget in Seneca County, NY
Based on the local median household income of $68,089/year ($5,674/month), here is how a balanced budget allocates expenses:
Take-Home Pay & Tax Explorer in New York
Explore net income after federal income tax, FICA, and New York state income tax based on the local median baseline.
Related Regional & Financial Profiles
Compare earnings and living costs across New York with official federal datasets:
Frequently Asked Questions About Living in Seneca County, NY
What is the median household income in Seneca County, NY?
According to the latest U.S. Census Bureau ACS 5-Year survey, the median household income in Seneca County, NY is $68,089 per year (approximately $5,674 per month).
What is the average rent in Seneca County, NY?
According to HUD Fair Market Rent (FMR) benchmarks for 2026, standard monthly rents in Seneca County, NY are $879 for a studio, $921 for 1 bedroom, $1,169 for 2 bedrooms, $1,550 for 3 bedrooms, and $1,961 for 4 bedrooms.
How does the cost of living in Seneca County, NY compare to the national average?
Based on the Bureau of Economic Analysis (BEA) Regional Price Parity index, the general price level in Seneca County, NY is 107.9 (7.9% higher than the U.S. national baseline of 100.0).
How much do you need to earn to comfortably afford rent in Seneca County, NY?
Under the standard 30% housing affordability standard, renting a median 2-bedroom home ($1,169/month) in Seneca County, NY requires a minimum gross household income of $46,760 per year ($3,897 per month).
What is a balanced 50/30/20 monthly budget in Seneca County, NY?
For a typical household earning the median income of $68,089/year ($5,674/month) in Seneca County, NY, a balanced 50/30/20 budget allocates $2,837/month to essential needs (rent, utilities, groceries), $1,702/month to discretionary spending, and $1,135/month to savings and debt repayment.
What are typical electricity and utility costs in Seneca County, NY?
Residential electricity rates in New York average 29.5¢ per kWh according to the U.S. Energy Information Administration (EIA). For an average home using 900 kWh per month, the estimated electric bill is approximately $265 per month.