Is Owego, NY a Good Place to Live?
Owego is a small town of 3,740 in New York, with a median household income of $51,200 and a 3.1% unemployment rate. Its cost of living index is 95 (US average = 100), which is 5% below the national average.
Strengths: Owego stands out for an affordable cost of living, below-average home prices, solid school ratings (B+), short average commutes.
Trade-offs: No major red flags stand out in the available data. Whether Owego is right for you depends on your priorities — the full breakdown is below.
All Owego city data on this page comes from official government sources — the US Census Bureau, FBI, NCES, BEA, and NOAA — updated annually.
Cost of Living
Index: 95.2Owego's overall cost of living index is 95.2, where 100 represents the US national average. Living in Owego costs roughly 5% less than the average American city.
| Metric | Owego, NY | National Avg |
|---|---|---|
| Median Home Value | $115,500 | $244,900 |
| Median Monthly Rent | $929 | $1,163 |
| Homeownership Rate | 48.9% | 65.9% |
| Median Household Income | $51,200 | $74,755 |
Crime & Safety
Crime data for Owego is not currently available from the FBI's Uniform Crime Reporting program. Not all local agencies report to the UCR each year.
Schools & Education
Owego is served primarily by OWEGO-APALACHIN CENTRAL SCHOOL DISTRICT. The student-to-teacher ratio is 14.3:1 (better than the national average of ~16:1).
| Metric | Owego, NY | National Avg |
|---|---|---|
| School District | OWEGO-APALACHIN CENTRAL SCHOOL DISTRICT | — |
| Elementary Schools | 2 | — |
| Middle Schools | 1 | — |
| High Schools | 1 | — |
| Student/Teacher Ratio | 14.3:1 | 16:1 |
| Bachelor's Degree or Higher | 32.7% | 35.4% |
| High School Diploma or Higher | 91.3% | 91.1% |
Weather & Climate
Owego sees average highs of 33.7°F in January and 82.0°F in July, with 38.8 inches of annual precipitation and 49.1 inches of snow per year.
| Metric | Owego, NY |
|---|---|
| Average High — January | 33.7°F |
| Average High — July | 82.0°F |
| Annual Precipitation | 38.8" |
| Annual Snowfall | 49.1" |
Demographics
| Metric | Owego, NY | National Avg |
|---|---|---|
| Population | 3,740 | — |
| Median Age | 41.8 | 38.9 |
| Unemployment Rate | 3.1% | 3.7% |
| Avg Commute Time | 21.8 min | 26 min |
| White (non-Hispanic) | 91.7% | 59.3% |
| Black or African American | 2.5% | 13.6% |
| Hispanic or Latino | 3.1% | 18.9% |
| Asian | 0.5% | 6.3% |
| Under 18 | 23.0% | 22.2% |
| 65 and over | 20.2% | 16.8% |
Nearby Cities
ZIP Codes in Owego
Owego, NY is covered by 1 ZIP code: