Airmont cost of living index

In the event that the cost of living data was unavailable for this city, estimates based upon nearby cities were used. Each cost of living index is based on a national average of 100. If the amount is below 100, it is lower than the national average. If the amount is above 100, it is higher than the national average.
IndexAirmontNew YorkNational
Cost of living index143120100
IndexAirmontNew YorkNational
Goods & Services index114110100
Groceries index106105100
Health care index10099100
Housing index221149100
Transportation index107111100
Utilities index109102100
An overview of the general cost of living index for Airmont, NY is displayed above for your reference. Residents in Airmont, NY enjoy a cost of living index of 143. This index is 19% higher than the New York average, and 43% higher than the national average. The following categories are used when determining the cost of living index for any given city: health care (5%), transportation (9%), utilities (10%), groceries (13%), housing (30%), and goods/services (33%). Clearly, housing and goods/services make up the majority of the formula for calculating the cost of living index. Because of this, the general cost of living for any given area can be estimated by looking at the cost of everyday goods in that area. For those living in Airmont, NY, the average cost of goods and services is 3% higher than it is in New York, and it is 14% higher than the national average.

Did you know?

  • The cost of living in Airmont is 19% higher than the New York average.
  • The cost of living in Airmont is 43% higher than the national average.
  • The cost of housing in Airmont is 121% higher than the national average.
  • New York general sales tax is 21% lower than the national average.
  • New York state income tax is 80% higher than the national average.

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Compare Airmont, NY Cost of living To Other Cities

Salary Calculator

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The salary calculator allows you to compare how much your current salary in Airmont, NY would be worth in another city. In other words, the salary calculator will adjust the figure you enter for cost of living so that you can determine how much more or much less you would need to earn while maintaining your current quality of living. If you are considering relocating to a more expensive city than Airmont, NY, the calculator will tell you how much more you need to earn so you can assess job offers more accurately. The Airmont, NY salary calculator is easy to use. All you do is enter the name of another city, then move the slider to your current income. After that, the salary calculator will crunch the numbers for you and give you the information you need about the place you are considering going. Additionally, it will show a detailed breakdown of the cost of living.

Median Income & Debt-To-Income Ratio

Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
Owners$111,786$9,316$2,608$3,354
Renters$26,465$2,205$617$794
If you want to find a good determining factor for the cost of living and the general affordability of housing in Airmont, NY, all you must look at is the percentage of monthly income that should be spent on housing expenses, otherwise known as the debt-to-income ratio (DTI). Generally speaking, no more than 28 percent of your total gross income should be spent on your housing expenses and not more than 36 percent of your gross income on total expenses, including debts. In Airmont, NY, the median monthly income is $111,786 for those who own their own homes. Under the standard rule, that income level would allow for $2,608 to be budgeted for housing expenses each month, at the most. Renters, on the other hand, earn about $26,465, per the median income in the area. That would allow for renters to spend up to $617 on monthly rental expenses.

New York Sales Tax

StateGeneral Sales TaxWith Max Surtax
New York4%8.875%

New York Income Tax

StateIncome Tax (Low)Income Tax (High)
New York4%8.82%
The New York sales tax and New York income tax rates should definitely be considered when determining the overall cost of living in Airmont, NY. Sales taxes are taxes that are imposed onto goods and services sold. Sales taxes do vary by state and can range from no tax at all to upwards of 7%. The New York sales tax is 4% and the maximum surtax is 8.875%. Income tax is the tax imposed on income by the government. The income tax rates will vary by state and will also increase or decrease depending on the corresponding tax bracket. State income tax rates can range from anywhere from no tax at all to more than 9%. The New York income tax rates range from 4% to 8.82%.

Goods & Services

ItemAirmontNational avg.Difference
Haircut $21.07$15.5635.3%
Beauty Salon $37.27$36.113.2%
Toothpaste $2.00$2.4719.2%
Shampoo $0.99$0.962.6%
Movie $12.15$10.1320.0%
Bowling $4.22$4.7411.0%

Groceries

ItemAirmontNational avg.Difference
Ground Beef $3.70$3.987.2%
Fried Chicken $1.60$1.4113.9%
Milk $2.41$2.0616.8%
Potatoes $2.72$2.988.7%
Pizza $8.23$9.4713.1%
Beer $8.92$8.791.5%

Health Care

ItemAirmontNational avg.Difference
Optometrist $114.67$101.0413.5%
Doctor $97.00$107.449.7%
Dentist $100.58$90.4211.2%
Ibuprofen $8.64$9.286.9%
Lipitor $377.50$426.5011.5%

Housing

ItemAirmontNational avg.Difference
Home Price $465,400.00$175,700.00164.9%
Avg. Mortgage Payment $1,788.76$1,133.2357.8%
Apartment Rent $1,105.00$920.0020.1%

Transportation

ItemAirmontNational avg.Difference
Gasoline $1.95$1.992.3%
Tire Balancing $58.03$45.7626.8%

Utilities

ItemAirmontNational avg.Difference
All Electricity$168.80$163.813.0%
Phone $33.50$28.3918.0%
Although the cost of living data is updated regularly, this cost of living information is to be used as estimates only as prices can change on an ongoing basis.

Nearby cities with low cost of living

City, StatePopulationCost of Living IndexNational Avg.
Greenville, NY5731033%
Harriman, NY2,77111616%
Paterson, NJ146,34111919%
Mount Ivy, NY6,92612020%
Haledon, NJ8,39712121%
Airmont, NY8,77014343%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Wharton, TX8,76878-22%
Booneville, MS8,77579-21%
Picture Rocks, AZ8,77592-8%
Scott, LA8,77591-9%
Audubon, NJ8,76311414%
Airmont, NY8,77014343%
Source: The Airmont, NY cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2016.