Albertson 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.
IndexAlbertsonNew YorkNational
Cost of living index177120100
IndexAlbertsonNew YorkNational
Goods & Services index148110100
Groceries index128105100
Health care index11599100
Housing index268149100
Transportation index134111100
Utilities index127102100
A general overview of the cost of living index for Albertson, NY is displayed above. In Albertson, NY, the overall cost of living index is 177, which is 47% higher than the New York average and 77% higher than the U.S. average. The following categories are used to calculate the overall cost of living index: goods/services (33%), housing (30%), groceries (13%), utilities (10%), transportation (9%) and health care (5%). From the list, it is clear that the categories of goods/services and housing are responsible for the largest portions of the overall cost of living index. As a general rule, everyday goods and services provide an accurate measure of the general cost of goods in any given city. In the case of Albertson, NY, the city's goods and services are 34% higher than the New York average and 48% higher than the U.S. average.

Did you know?

  • The cost of living in Albertson is 47% higher than the New York average.
  • The cost of living in Albertson is 77% higher than the national average.
  • The cost of housing in Albertson is 168% 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 Albertson, NY Cost of living To Other Cities

Salary Calculator

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Using the salary calculator lets you compare the salary you earn in Albertson, NY to what it is in other cities. It will let you know what your earnings would have to be in another city to have the same standard of living, as determined by the cost of living in each city. For example, if the cost of living in the area you want to move to is higher than the cost of living in Albertson, NY, you have to earn a higher income in order to still have the same standard of living. To operate the Albertson, NY salary calculator, put in the name of the other city, then move the slider to the point that represents the current income. The salary calculator will take care of the rest and tell you how much more or less you must earn in the new city. A Total breakdown of the cost of living is also provided.

Median Income & Debt-To-Income Ratio

Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
Owners$96,071$8,006$2,242$2,882
Renters$34,023$2,835$794$1,021
One can approximate the cost of living and the housing affordability in Albertson, NY by the percentage of a person’s income that he or she spends on the monthly housing, otherwise known as the debt-to-income ratio (DTI). To stay on the safe side and keep one’s head above the water, a consumer should never spend more than 28 percent of his or her gross income on housing-related expenses and costs and not more than 36 percent of income on all expenses and debts. Homeowners in Albertson, NY have a median income of $96,071. Therefore, the amount that a consumer should spend on housing costs should be no more than $2,242 per month to avoid calamity and poverty. The renters in the city have an income of about $34,023, which would make their monthly maximum allowable rental costs $794.

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%
When you are determining the total cost of living in Albertson, NY you will want to make sure you consider both the New York sales tax and the New York income tax rates. Sales tax come in the form of taxes levied on both services and goods that are sold. The sales tax rates are different state to state and range from zero sales tax to higher than 7%. The sales tax in New York is 4%, with the highest surtax being 8.875%. Tax that is on income by the government is income tax. Different states have different income tax rates and these rates can be higher or lower dependent on the corresponding tax bracket. The state income tax rates are different state to state and range from no income tax to more than 9% income tax. The income tax rates in New York have a range from 4% to 8.82%.

Goods & Services

ItemAlbertsonNational avg.Difference
Haircut $24.02$15.5654.3%
Beauty Salon $64.92$36.1179.8%
Toothpaste $4.50$2.4782.1%
Shampoo $1.67$0.9673.1%
Movie $14.89$10.1347.1%
Bowling $13.06$4.74175.8%

Groceries

ItemAlbertsonNational avg.Difference
Ground Beef $6.10$3.9853.2%
Fried Chicken $2.04$1.4144.7%
Milk $2.45$2.0618.7%
Potatoes $3.78$2.9826.8%
Pizza $12.14$9.4728.1%
Beer $13.06$8.7948.6%

Health Care

ItemAlbertsonNational avg.Difference
Optometrist $106.66$101.045.6%
Doctor $105.00$107.442.3%
Dentist $125.00$90.4238.2%
Ibuprofen $9.99$9.287.7%
Lipitor $435.07$426.502.0%

Housing

ItemAlbertsonNational avg.Difference
Home Price $508,500.00$175,700.00189.4%
Avg. Mortgage Payment $5,496.82$1,133.23385.1%
Apartment Rent $2,001.00$920.00117.5%

Transportation

ItemAlbertsonNational avg.Difference
Gasoline $2.31$1.9916.1%
Tire Balancing $79.33$45.7673.4%

Utilities

ItemAlbertsonNational avg.Difference
All Electricity$232.72$163.8142.1%
Phone $30.77$28.398.4%
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.
North Amityville, NY19,60813333%
Wyandanch, NY11,18713333%
Roosevelt, NY16,55414646%
Uniondale, NY24,78714646%
New Cassel, NY13,98813737%
Albertson, NY5,15417777%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Johnstown, OH5,15492-8%
Sierra View, PA5,1541011%
Shanor-Northvue, PA5,15695-5%
Fussels Corner, FL5,15283-17%
St. Clairsville, OH5,15191-9%
Albertson, NY5,15417777%
Source: The Albertson, NY cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2016.