Bay Shore 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.
IndexBay ShoreNew YorkNational
Cost of living index137120100
IndexBay ShoreNew YorkNational
Goods & Services index122110100
Groceries index134105100
Health care index11499100
Housing index171149100
Transportation index111111100
Utilities index126102100
Displayed above is a general overview of the Bay Shore, NY cost of living index. The overall cost of living index in Bay Shore, NY is 137, which is 14% higher than the New York average and 37% higher than the national average. The cost of living index is created from the following categories: goods/services (33%), groceries (13%), health care (5%), housing (30%), transportation (9%) and utilities (10%). As you can see, goods/services and housing make up the majority of the overall cost of living index. Everyday goods and services can be a good indicator of the general cost of goods in a given city. In this case, the goods and services in Bay Shore, NY are 11% higher than the New York average and 22% higher than the national average.

Did you know?

  • The cost of living in Bay Shore is 14% higher than the New York average.
  • The cost of living in Bay Shore is 37% higher than the national average.
  • The cost of housing in Bay Shore is 71% 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 Bay Shore, NY Cost of living To Other Cities

Salary Calculator

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Use the salary calculator to compare your current income in Bay Shore, 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 Bay Shore, NY, then you would need to earn a higher salary in order to enjoy the same standard of living. To use the Bay Shore, 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$92,756$7,730$2,164$2,783
Renters$41,017$3,418$957$1,231
How much of your monthly income goes to housing can tell you whether or not you can afford housing in Bay Shore, NY, as well as what the average cost of living is. Generally, a good rule to follow is that the debt-to-income (DTI) level you want to maintain is 28 percent or less of your income on your rent or mortgage payment and not more than 36 percent of income on all expenses and debts. In Bay Shore, NY homeowners have a median income of $92,756. Using that number, you will come up with a maximum of $2,164 per month that can be spent on the cost of housing. For those who are renting instead of owning, the median income is $41,017, which means there is a maximum of $957 to be spent on the costs of renting a home or apartment.

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%
One thing to keep in mind when considering the cost of living in Bay Shore, NY is the New York sales tax and New York income tax rates. Sales taxes are taxes that are collected on most goods or services sold. Sales taxes can vary by state and can be as high as 7% and as low as 0% as not every state imposes a sales tax. The New York sales tax rate is 4% and the maximum surtax that can be charged is 8.875%. Income tax is the tax imposed on income by both the federal and state government. The income tax rates varies by individual state and will also be higher or lower depending on the applicable tax bracket. The rates of state income tax can vary from 0% to more than 9%. The New York income tax rates range from 4% to 8.82%.

Goods & Services

ItemBay ShoreNational avg.Difference
Haircut $19.59$15.5625.9%
Beauty Salon $64.49$36.1178.6%
Toothpaste $3.04$2.4722.8%
Shampoo $0.98$0.961.2%
Movie $12.88$10.1327.2%
Bowling $7.01$4.7448.0%

Groceries

ItemBay ShoreNational avg.Difference
Ground Beef $5.75$3.9844.3%
Fried Chicken $1.66$1.4117.7%
Milk $2.70$2.0630.8%
Potatoes $5.37$2.9880.1%
Pizza $9.80$9.473.4%
Beer $9.94$8.7913.0%

Health Care

ItemBay ShoreNational avg.Difference
Optometrist $114.84$101.0413.7%
Doctor $124.85$107.4416.2%
Dentist $110.04$90.4221.7%
Ibuprofen $10.40$9.2812.1%
Lipitor $413.65$426.503.0%

Housing

ItemBay ShoreNational avg.Difference
Home Price $318,000.00$175,700.0081.0%
Avg. Mortgage Payment $2,269.26$1,133.23100.2%
Apartment Rent $1,352.00$920.0047.0%

Transportation

ItemBay ShoreNational avg.Difference
Gasoline $2.19$1.9910.0%
Tire Balancing $52.50$45.7614.7%

Utilities

ItemBay ShoreNational avg.Difference
All Electricity$237.81$163.8145.2%
Phone $29.01$28.392.2%
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.
Central Islip, NY36,23313232%
Brentwood, NY59,43613232%
Baywood, NY7,68113333%
North Amityville, NY19,60813333%
North Bay Shore, NY19,99513333%
Bay Shore, NY28,88313737%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Wellesley, MA28,858209109%
Golden Gate, FL28,91796-4%
East Palo Alto, CA28,92014949%
Norwood, MA28,84414141%
Perry Hall, MD28,92411616%
Bay Shore, NY28,88313737%
Source: The Bay Shore, NY cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2016.