By Dan Heath, Press-Republican, March 12, 2015
Peru has been named the Most Affordable Small Town in the state of New York by Business Insider Magazine. The magazine listed one town in each of the 50 states. Its ranking focused on communities of 1,000 to 10,000 residents whose households spend less than 30 percent of their annual income on housing costs. The magazine found that 89.7 percent of the homes in the Town of Peru meet that criteria.