Living in Ransomville, New York
Cost of living, income, home prices, rent and demographics of Ransomville · Census data 2020–2024
Ransomville has 1,564 residents with a median age of 46.2. The median household income is $83,400 (about the same as the New York median), the median home value is $218,200, the median rent is $900/month.
Ransomville at a glance
- Population
- 1,564
- Median age
- 46.2State: 39.8
- Median household income
- $83,400State: $85,974
- Median home value
- $218,200State: $423,800
- Median rent
- $900/moState: $1,621
- Homeowners
- 72.1%
- Bachelor's degree or higher
- 19.1%
- Average commute
- 26 min
Is Ransomville a good place to live?
Pros: Home values 49% lower than the state median; an average commute of 26 minutes; unemployment of 0.7%; a poverty rate of 9.5%.
Cons: Median household income about the same as the New York median.
The weather is best in June to September.
Cost of living in Ransomville
Housing is the biggest part of the cost of living. In Ransomville the median home value is $218,200, 34% lower than the U.S. median. Renters pay a median of $900 per month, which is 34.5% of household income. Homeowners with a mortgage pay $1,415 a month in housing costs.
Ransomville median household income
The median household income in Ransomville is $83,400 and the income per person is $37,367. 9.5% of residents live below the poverty line (New York: 14%).
Housing in Ransomville: homes for sale and rent
- Housing units
- 552
- Owner-occupied
- 72.1%
- Renter-occupied
- 27.9%
- Vacant
- 0%Includes seasonal homes
- Median year built
- 1938
- Average household size
- 2.68
Ransomville demographics
- Population
- 1,564
- Median age
- 46.2
- Under 18
- 24%
- 65 and older
- 13.2%
- Households
- 552
- Foreign-born
- 7%
- Veterans
- 5.7%Adults 18+
Hispanic or Latino can be of any race. Population history of Ransomville ›
Education in Ransomville
19.1% of adults 25 and older in Ransomville have a bachelor's degree or higher (New York: 40.2%), and 9.6% have a graduate or professional degree.
Jobs and commute in Ransomville
- Unemployment rate
- 0.7%State: 6.4%
- Average commute
- 26 minState: 33 min
- Work from home
- 3.2%
- Drive alone
- 72.4%
- Public transit
- 0%
- Walk to work
- 3.4%
- Homes with broadband
- 96.4%
Ransomville vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Ransomville | 1,564 | $83,400 | $218,200 | $900 |
| Youngstown | 1,758 | $81,369 | $216,100 | $900 |
| Wilson | 1,379 | $60,639 | $172,700 | $768 |
| Sanborn | 1,573 | $82,122 | $235,600 | $1,049 |
| Lewiston | 2,588 | $73,821 | $238,100 | $1,131 |
| Niagara Falls | 47,987 | $49,101 | $115,300 | $823 |
| Newfane | 3,938 | $77,096 | $151,700 | $828 |
| Olcott | 527 | $87,833 | $200,000 | — |
| Lockport | 20,610 | $62,410 | $139,900 | $945 |
More for people moving to Ransomville
Ransomville ZIP code ›Weather and climate ›Living in Ransomville: FAQ
What is the median household income in Ransomville, NY?
The median household income in Ransomville is $83,400, about the same as the New York median of $85,974 (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
What is the average home price in Ransomville?
The median home value in Ransomville is $218,200, compared with $423,800 in New York.
How much is rent in Ransomville?
The median gross rent in Ransomville is $900 per month, about 34.5% of household income.
Is Ransomville, NY a good place to live?
Pluses: home values 49% lower than the state median; an average commute of 26 minutes; unemployment of 0.7%; a poverty rate of 9.5%. Minuses: median household income about the same as the New York median.
What is the median age in Ransomville?
The median age in Ransomville is 46.2 years (New York: 39.8).
How long is the commute in Ransomville?
The average commute to work in Ransomville is 26 minutes; 3.2% of workers work from home.
What is the unemployment rate in Ransomville?
The unemployment rate in Ransomville is 0.7% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Ransomville?
19.1% of adults in Ransomville have a bachelor's degree or higher.
Source: U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024 (margins of error apply, especially in small towns). Figures are in 2024 dollars.
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