What is the median household income in the Village of Cato, NY?
The median household income in the Village of Cato, NY is $82,292 (±$18,624) a year (2020–2024 American Community Survey).
Paying the median gross rent of $695 a month would take about $27,800 a year at the common guideline of spending no more than 30% of income on rent.
In the Village of Cato, the median household income went from $55,893 in 2015–2019 to $82,292 in 2020–2024 (+47.2%).
Prices (CPI-U) rose 22.7% over the same years; the change is not measurably different from the rise in prices.
Figures last updated on .
- Median household income
- $82,292 (±$18,624)
- Median renter income
- $72,969 (±$66,932)
- Income to afford median rent
- about $27,800
Income in the Village of Cato against Cayuga County, its state and the nation
| Village of Cato | Cayuga County | New York | United States | |
|---|---|---|---|---|
| Median household income | $82,292 (±$18,624) | $67,904 (±$2,566) | $85,974 (±$402) | $80,734 |
| Median renter household income | $72,969 (±$66,932) | $36,725 (±$2,970) | $57,803 (±$395) | $52,966 |
| Median owner household income | $89,286 (±$19,548) | $83,243 (±$2,675) | $114,563 (±$568) | $100,009 |
| Median gross rent | $695 (±$678) | $942 (±$46) | $1,621 (±$7) | $1,413 |
In the Village of Cato, median household income is not measurably different from Cayuga County ($67,904).
It is not measurably different from New York ($85,974).
It is not measurably different from the national figure ($80,734).
In Cayuga County, the Village of Cato ranks 3 of 9 places with a published estimate, from highest to lowest median household income.
Statewide, it ranks 208 of 527.
Rankings use the estimates alone; where margins of error overlap, neighboring ranks may not truly differ.
How much you need to earn to rent in the Village of Cato
Many landlords and housing programs use 30% of gross income as the most a household should spend on rent.
At that guideline, the median gross rent of $695 a month ($8,340 a year) needs an income of about $27,800 a year.
The median renting household in the Village of Cato earns $72,969 a year.
This is arithmetic on the published medians, not a rule any landlord must follow; screening criteria vary and some places limit how income may be weighed.
Income against housing costs since 2015–2019
| 2015–2019 | 2020–2024 | Amount of change | Verdict | |
|---|---|---|---|---|
| Median household income | $55,893 (±$12,114) | $82,292 (±$18,624) | +47.2% | No measurable change after inflation |
| Median gross rent | $744 (±$166) | $695 (±$678) | −6.6% | No measurable change after inflation |
| Median home value | $109,600 (±$17,497) | $163,300 (±$19,436) | +49.0% | No measurable change after inflation |
The Census Bureau publishes 2015–2019 dollars in 2019 dollars and 2020–2024 dollars in 2024 dollars.
Prices (the CPI-U, US Bureau of Labor Statistics) rose 22.7% between 2019 and 2024, so a dollar figure’s verdict compares the two after raising the earlier one by that much, using the Census Bureau’s test for a difference.
The two periods do not overlap, as the Census Bureau recommends for 5-year estimates.
Median household income in places near the Village of Cato
| Place | Distance | Median household income | Compared with this place |
|---|---|---|---|
| Village of Cato | — | $82,292 (±$18,624) | — |
| Village of Meridian | 1.5 mi | $93,750 (±$42,957) | Not measurably different |
| Town of Cato | 3.5 mi | $79,760 (±$11,398) | Not measurably different |
| Town of Ira | 3.5 mi | $97,019 (±$11,055) | Not measurably different |
| Town of Victory | 5.1 mi | $71,071 (±$5,037) | Not measurably different |
| Town of Conquest | 5.6 mi | $81,620 (±$10,157) | Not measurably different |
| Village of Weedsport | 8.1 mi | $70,865 (±$13,365) | Not measurably different |
| Village of Jordan | 8.3 mi | $76,588 (±$11,204) | Not measurably different |
| Town of Brutus | 8.4 mi | $77,031 (±$10,117) | Not measurably different |
None of the nearby places differs measurably from this one on this figure.
Distance is measured in a straight line between the Census Bureau’s internal points for each place.
Median household income across Cayuga County, place by place
| Rank | Place | Median household income |
|---|---|---|
| 1 | Village of Cayuga | $97,885 (±$25,232) |
| 2 | Village of Meridian | $93,750 (±$42,957) |
| 3 | Village of Cato | $82,292 (±$18,624) |
| 4 | Village of Union Springs | $81,250 (±$32,840) |
| 5 | Village of Aurora | $71,250 (±$25,010) |
| 6 | Village of Weedsport | $70,865 (±$13,365) |
| 7 | Village of Moravia | $63,073 (±$13,938) |
| 8 | Village of Fair Haven | $57,390 (±$17,419) |
| 9 | Village of Port Byron | $48,750 (±$15,818) |
Survey years: 2020–2024 (American Community Survey 5-year estimates), compared with 2015–2019.
Margins of error are at the 90% confidence level.
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Questions about Village of Cato
What is the median household income in the Village of Cato?
The median household income in the Village of Cato is $82,292 (±$18,624) a year (2020–2024 American Community Survey).
How much do you need to make to afford rent in the Village of Cato?
About $27,800 a year, if rent is to stay at or below 30% of income at the median gross rent of $695 a month.
Have incomes in the Village of Cato kept up with inflation?
In the Village of Cato, the median household income went from $55,893 in 2015–2019 to $82,292 in 2020–2024 (+47.2%).
Prices (CPI-U) rose 22.7% over the same years; the change is not measurably different from the rise in prices.
What do renters earn in the Village of Cato?
The median renting household in the Village of Cato, NY earns $72,969 (±$66,932) a year.
Sources
- Selected Economic Characteristics (DP03), 2020–2024 ACS 5-year estimates — Cato village, New York
- Median Household Income by Tenure (B25119), 2020–2024 ACS 5-year estimates — Cato village, New York
- Selected Housing Characteristics (DP04), 2020–2024 ACS 5-year estimates — Cato village, New York
- Median Household Income (B19013), 2015–2019 ACS 5-year estimates — Cato village, New York
- Median Gross Rent (B25064), 2015–2019 ACS 5-year estimates — Cato village, New York
- Median Value (B25077), 2015–2019 ACS 5-year estimates — Cato village, New York
- Consumer Price Index for All Urban Consumers (CPI-U), US city average, all items, US Bureau of Labor Statistics: annual averages 2019 and 2024
To check these figures in the Census Bureau’s own API, request the variables below from the 2024 ACS 5-year data profile (acs/acs5/profile) and detailed tables (acs/acs5) for Cato village, New York (place:12958, in state:36).
Each estimate (E or PE) has a margin of error beside it (M or PM).
The 2015–2019 figures are B19013_001E, B19013_001M, B25064_001E, B25064_001M, B25077_001E, B25077_001M from the 2019 release.
The API needs a free key.
DP03_0062E, DP03_0062M, B25119_003E, B25119_003M, B25119_002E, B25119_002M, DP04_0134E, DP04_0134M
This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.
Figures are published by the US Census Bureau, HUD, the Bureau of Labor Statistics and the FBI; Seayora reproduces them and does not adjust them, except where a sentence says it compares dollar figures after inflation. They describe the whole place, not any one building or street, and are not an appraisal, a rent determination, a tax bill, a safety rating or legal advice.
Figures last updated on .
Related
- Housing in the Village of Cato at a glance
- Home values in the Village of Cato
- Homeowner costs in the Village of Cato
- Property taxes in the Village of Cato
- Types of homes in the Village of Cato
- Age of homes in the Village of Cato
- Heating fuel in the Village of Cato
- Commute and cars in the Village of Cato
- New York landlord and tenant rules
- Housing across Cayuga County
- New York places ranked by median household income
- Housing data for every place in New York