A new study has uncovered the harsh truth about living in the Hudson Valley and Upstate New York.

Many households in parts of the Hudson Valley are struggling to make ends.

Hudson Valley Residents Say They Are Struggling To Make Ends Meet

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The Siena College Research Institute teamed up with the Benjamin Center for Public Policy Initiatives at SUNY New Paltz for this study.

Over 1,500 living in Dutchess, Orange, Sullivan, and Ulster counties were polled.

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"The results are clear: many people in the region are financially struggling to make ends meet," Siena College stated in a press release about the study.

6 In 10 Are Living Paycheck To Paycheck

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The study found that six in 10 households are living paycheck to paycheck, while 63 percent say their communities are not affordable.

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Four out of favie reported financial hardships from recent inflation and rising prices.

Keep Reading: Costco To Replace Ghost Neighborhood In Upstate New York

Nearly 80 Percent Are Stressed About Cost Of Living vs. Income

According to the study, 79 percent are stressed that the cost of living is increasing faster than household incomes. 78 percent cited financial hardship from recent inflation and rising prices.

Did Your Hometown Make The List? These Are Now The 20 "Worst" Places To Live In New York State

Other Key Findings

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Other key findings include:

  • 51% say they couldn't cover monthly bills if a sudden loss of current sources of income
  • High housing costs are making it harder for people to spend or save.
  • Most view Social Security as essential to their retirement finances.

LOOK: Here are 25 ways you could start saving money today

These money-saving tips—from finding discounts to simple changes to your daily habits—can come in handy whether you have a specific savings goal, want to stash away cash for retirement, or just want to pinch pennies. It’s never too late to be more financially savvy. Read on to learn more about how you can start saving now. [From: 25 ways you could be saving money today]

Gallery Credit: Bethany Adams

These Are Now The Highest Paying Jobs In New York State

New York's 25 Highest Fastest Growing Jobs

New York's 25 Highest Fastest Growing Jobs

Stacker analyzed jobs data from the Bureau of Labor Statistics to determine the fastest-growing jobs in New York:

Gallery Credit: Dave Wheeler