4 Cheapest Cities To Retire in New York in 2025 Heather TaylorNovember 1, 2025 at 6:00 AM 0 jimfeng / Getty Images New York may have a reputation for its high cost of living, but there are still four metros across the state where it's possible to enjoy an affordable retirement. Check Out: GOBankingRates Original Research Center Trending Now: How MiddleClass Earners Are Quietly Becoming Millionaires — and How You Can, Too GOBankingRates pulled these cities from a 2025 inhouse study on the nation's cheapest cities to retire in.
- - 4 Cheapest Cities To Retire in New York in 2025
Heather TaylorNovember 1, 2025 at 6:00 AM
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jimfeng / Getty Images
New York may have a reputation for its high cost of living, but there are still four metros across the state where it's possible to enjoy an affordable retirement.
Check Out: GOBankingRates Original Research Center
Trending Now: How Middle-Class Earners Are Quietly Becoming Millionaires — and How You Can, Too
GOBankingRates pulled these cities from a 2025 in-house study on the nation's cheapest cities to retire in. Every location has a percentage of residents age 65+ of at least 10% with supplemental information including the average value of a single-family home, average monthly mortgage and expenditure costs and total cost of living annually.
Here are the four cheapest New York cities to retire in this year.
traveler1116 / Getty Images/iStockphoto1. Rochester -
Population 65+ (%): 12.8%
Single family home average value: $215,484
Mortgage (average monthly cost): $1,284
Expenditures (average monthly cost): $1,965
Total cost of living (annually): $38,981
Find Out: How Much the Average Middle-Class Retiree Spends Monthly at Age 65
Learn More: I Asked ChatGPT Where To Retire on $2,000 a Month: Here's What It Said
Trending Now: Suze Orman's Secret to a Wealthy Retirement--Have You Made This Money Move?
benedek / Getty Images/iStockphoto2. Buffalo -
Population 65+ (%): 13.8%
Single family home average value: $224,175
Mortgage (average monthly cost): $1,336
Expenditures (average monthly cost): $1,997
Total cost of living (annually): $39,990
See Next: 5 Ways To Make Money in Retirement Without Going Back To Work Full Time
bigapple / Getty Images/iStockphoto3. Yonkers -
Population 65+ (%): 16.7%
Single family home average value: $695,077
Mortgage (average monthly cost): $4,141
Expenditures (average monthly cost): $2,436
Total cost of living (annually): $78,926
nimu1956 / Getty Images4. New York -
Population 65+ (%): 16%
Single family home average value: $797,509
Mortgage (average monthly cost): $4,751
Expenditures (average monthly cost): $2,685
Total cost of living (annually): $89,240
Check out more original studies and surveys in the GOBankingRates original research center.
Methodology: GOBankingRates identified cities with populations of at least 150,000 and a population percentage of residents age 65 and over of at least 10%. Total population, population ages 65 and over, total households and household median income all were sourced from the U.S. Census American Community Survey. The cost-of-living indexes were sourced from Sperling's BestPlaces and include the grocery, healthcare, housing, utilities, transportation and miscellaneous cost of living. Using the cost-of-living indexes and the national average expenditure costs for retired households, as sourced from the Bureau of Labor Statistics Consumer Expenditure Survey for retired households, the average expenditure cost for each location was calculated. The average home value was sourced from Zillow Home Value Index for December 2024 and the average mortgage was calculated using the national average 30-year fixed mortgage rate, as sourced from the Federal Reserve Economic Data. Using the average mortgage and average expenditure costs, the average cost of living was calculated. All data was collected on and is up to date as of Feb. 18, 2025.
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This article originally appeared on GOBankingRates.com: 4 Cheapest Cities To Retire in New York in 2025
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Published: November 01, 2025 at 01:19PM on Source: BERRY MAG
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