Cost Of Living
Taking into account the cost of goods and services like housing, groceries, transportation and utilities, the overall cost of living in this area is well below average.
Housing
High scores in the housing category are a distinguishing feature of this area, possibly driven by a favorable home affordability ratio, higher home values and appreciation rates.
Amenities
The majority of amenities are not ideally located within walking distance. To access these amenities, residents may be required to rely on a vehicle or public transit.
Commute
A low commute score could be due to longer-than-average work commutes and the limited availability of public transportation in this area.
Health & Safety
The low score in this category could be due to challenges related to air quality and the limited accessibility of health-related facilities like hospitals, nursing homes, doctors and pharmacies.
Newfane is a smaller city located in the state of New York. The city has a population of 3,240 people. If we take a look at the last Census, the vast majority of the population falls within one racial group (94% White). Given that fact, Newfane could be considered less diverse than other cities. Long travel times to work can be one of the most frustrating things in the world - right behind housework! If you decide that living in Newfane is the right fit for you, your one way commute time will average 25 minutes, which is about average when compared to the national commute time of 26 minutes.
Without the right tools, relocating to any new city can be very stressful and challenging. Living in Newfane, New York could be a great experience for anyone who puts in the time to do the research required. When searching for a new neighborhood, several key items should be considered. Safety is paramount, ensuring a secure environment for you and your family. Proximity to workplaces or schools reduces commuting time and enhances convenience. Access to amenities like parks, grocery stores and healthcare facilities contributes to a comfortable lifestyle. Reliable public transportation options promote easy mobility. A strong sense of community fosters social connections and a welcoming atmosphere. Finding the best places to live in Newfane and nearby areas is a much easier task when you can rely on information and data from the livability score, which includes crime, cost of living, health & safety, education, housing and other important metrics.
Newfane has a livability score of 65 out of 100 and is ranked #588 in New York and #10,523 in the USA. If we probe a little deeper into each category within the livability score, we see that Newfane has higher than average grades for the following: crime (B+), cost of living (A+) and housing (B+). Unfortunately for Newfane, there are some categories for which it does not rank well, this includes: amenities (F) and employment (D).
The Newfane unemployment rate of 2.47% has continued to decrease over the years and is now well below the national average. The result could lead to reduced poverty and inequality in the area, higher wages and increased economic growth. This is a positive sign in the overall health of the local economy.
Finding affordable real estate and housing in Newfane can be tricky. Having said that, this area might be the place to get the best of both worlds. Based on factors like home/rental affordability and appreciation rates, this area has received an above average score in the housing category. A healthy real estate market can lead to wealth appreciation for property owners, as rising property values can contribute to homeowners' equity, financial stability and the ability to build long-term wealth.
There are many factors that go into deciding if an area is the right fit for your lifestyle. Certain “must haves” like low crime, great schools and nearby amenities are all at the top of most people's lists. But before even considering if those options are attainable, we'll need to know if the real estate in Newfane is actually affordable. Median real estate prices in Newfane come in at $95,800, which is 66.5% lower than the New York average. The home price to income ratio compares the median home prices to the median household income. In Newfane, the home price to income ratio is 2.3, which is 51.1% lower than the New York average.
| Statistic | Newfane | New York | National |
| Average one way commute | 25min | 33min | 26min |
| Workers who drive to work | 70.4% | 53.0% | 76.4% |
| Workers who carpool | 8.2% | 6.7% | 9.3% |
| Workers who take public transit | 3.6% | 28.0% | 5.1% |
| Workers who bicycle | 0.0% | 0.7% | 0.6% |
| Workers who walk | 1.0% | 6.3% | 2.8% |
| Working from home | 12.7% | 4.0% | 4.6% |
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