Baldwin 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.
IndexBaldwinNew YorkNational
Cost of living index156122100
IndexBaldwinNew YorkNational
Goods & Services index151112100
Groceries index121103100
Health care index117104100
Housing index195149100
Transportation index138122100
Utilities index133102100
A general overview of the cost of living index for Baldwin, NY is displayed above. In Baldwin, NY, the overall cost of living index is 156, which is 28% higher than the New York average and 56% 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 Baldwin, NY, the city's goods and services are 34% higher than the New York average and 51% higher than the U.S. average.

Did you know?

  • The cost of living in Baldwin is 28% higher than the New York average.
  • The cost of living in Baldwin is 56% higher than the national average.
  • The cost of housing in Baldwin is 95% 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.

Find Real Estate Listings In Baldwin

Location
Price
Bedrooms
Bathrooms
 

New Real Estate Listings In Baldwin

Compare Baldwin, NY Cost of living To Other Cities

Salary Calculator

This is how much you would need to earn in
Price difference in compared to
Cost of living index
Goods & Services index
Groceries index
Health care index
Housing index
Transportation index
Utilities index
Use the salary calculator to compare your current income in Baldwin, NY to any other city in the country. The calculator will tell you how much income you would need to make in a particular city to live at the same level based on the cost of living in each city. For example, if the cost of living in the city you are looking to move to is higher than that of Baldwin, NY, then you would need to earn a higher salary in order to enjoy the same standard of living. To use the Baldwin, NY salary calculator, enter the name of the new city, then move the slider to your current salary level. The salary calculator will do the rest and let you know if your salary would need to increase or decrease for the new city. You will also see a complete overview of the cost of living.

Median Income & Debt-To-Income Ratio

Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
Owners$104,039$8,670$2,427$3,121
Renters$44,667$3,722$1,042$1,340
One can approximate the cost of living and the housing affordability in Baldwin, 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 Baldwin, NY have a median income of $104,039. Therefore, the amount that a consumer should spend on housing costs should be no more than $2,427 per month to avoid calamity and poverty. The renters in the city have an income of about $44,667, which would make their monthly maximum allowable rental costs $1,042.

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 Baldwin, 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

ItemBaldwinNational avg.Difference
Haircut $22.50$14.5954.2%
Beauty Salon $70.55$34.68103.4%
Toothpaste $4.04$2.4763.3%
Shampoo $1.14$1.0211.5%
Movie $13.83$9.8740.1%
Bowling $12.33$4.39180.8%

Groceries

ItemBaldwinNational avg.Difference
Ground Beef $4.46$4.480.4%
Fried Chicken $1.04$1.4629.0%
Milk $1.92$2.3618.5%
Potatoes $4.37$3.0642.7%
Pizza $11.49$9.2424.3%
Beer $13.09$8.6351.6%

Health Care

ItemBaldwinNational avg.Difference
Optometrist $103.33$99.783.6%
Doctor $122.50$105.0316.6%
Dentist $117.50$88.7032.5%
Ibuprofen $10.06$9.416.9%
Lipitor $302.11$298.501.2%

Housing

ItemBaldwinNational avg.Difference
Home Price $355,400.00$175,700.00102.3%
Avg. Mortgage Payment $4,902.79$1,081.03353.5%
Apartment Rent $1,629.00$920.0077.1%

Transportation

ItemBaldwinNational avg.Difference
Gasoline $2.64$2.0926.2%
Tire Balancing $78.00$45.2972.2%

Utilities

ItemBaldwinNational avg.Difference
All Electricity$259.80$170.8052.1%
Phone $30.33$28.267.3%
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, NY19,60813232%
Wyandanch, NY11,18713333%
Roosevelt, NY16,55414747%
Uniondale, NY24,78714747%
New Cassel, NY13,98813636%
Baldwin, NY24,89715656%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Ardmore, OK24,87779-21%
Madison, MS24,8711044%
Grandview, MO24,86087-13%
Reedley, CA24,8581022%
Alvin, TX24,93887-13%
Baldwin, NY24,89715656%
Source: The Baldwin, NY cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2015.