Baywood 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.
IndexBaywoodNew YorkNational
Cost of living index132122100
IndexBaywoodNew YorkNational
Goods & Services index126112100
Groceries index122103100
Health care index115104100
Housing index155149100
Transportation index100122100
Utilities index132102100
The above illustration supplies generalized information for the Baywood, NY cost of living index. Compared to other cities in New York and cities across the country, the cost of living index in Baywood, NY is 132, which is 8% higher than the New York average and 32% higher than that for the entire country. The index is comprised of the following criteria: cost of retail goods and services (33%), groceries (13%), health care (5%), housing (30%), cost of public/private transportation (9%) and utilities (10%). Everyday goods and services, along with housing account for 63 percent of the total cost of living index. Goods and services that are a necessity regardless of location provide an accurate general sense of the cost of living in one city versus another. As seen above, the cost of retail goods and services in Baywood, NY are 12% higher than the average for New York and 26% higher than the rest of the country.

Did you know?

  • The cost of living in Baywood is 8% higher than the New York average.
  • The cost of living in Baywood is 32% higher than the national average.
  • The cost of housing in Baywood is 55% 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 Baywood, 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 Baywood, 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 Baywood, NY, you have to earn a higher income in order to still have the same standard of living. To operate the Baywood, 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$81,481$6,790$1,901$2,445
Renters$40,227$3,352$939$1,207
A good way to judge both the affordability of the housing and the cost of living is by simply calculating the maximum that a person should spend on housing in Baywood, NY, otherwise known as the debt-to-income ratio (DTI). The safest way to live in the city is to avoid spending more than 28 percent of the gross income that one earns on costs that pertain to housing and no more than 36 percent on all expenses and debts. Baywood, NY has a median income of about $81,481 for people who own homes. Based on that number, a person should spend a maximum of $1,901 on expenses related to housing. Renters have a slightly different median income, which is $40,227. Based on this average, renters should spend no more than $939 on all of their rental costs if they want to maintain a non-impoverished standard of living.

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 Baywood, 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

ItemBaywoodNational avg.Difference
Haircut $20.00$14.5937.0%
Beauty Salon $67.50$34.6894.6%
Toothpaste $4.04$2.4763.3%
Shampoo $0.88$1.0213.9%
Movie $14.75$9.8749.5%
Bowling $7.94$4.3980.8%

Groceries

ItemBaywoodNational avg.Difference
Ground Beef $3.99$4.4810.9%
Fried Chicken $1.04$1.4629.0%
Milk $2.26$2.364.1%
Potatoes $3.92$3.0628.0%
Pizza $10.00$9.248.2%
Beer $9.82$8.6313.8%

Health Care

ItemBaywoodNational avg.Difference
Optometrist $111.67$99.7811.9%
Doctor $123.75$105.0317.8%
Dentist $110.00$88.7024.0%
Ibuprofen $10.33$9.419.8%
Lipitor $299.00$298.500.2%

Housing

ItemBaywoodNational avg.Difference
Home Price $292,200.00$175,700.0066.3%
Avg. Mortgage Payment $2,127.00$1,081.0396.8%
Apartment Rent $1,188.00$920.0029.1%

Transportation

ItemBaywoodNational avg.Difference
Gasoline $2.06$2.091.5%
Tire Balancing $47.99$45.296.0%

Utilities

ItemBaywoodNational avg.Difference
All Electricity$262.56$170.8053.7%
Phone $29.01$28.262.7%
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, NY36,23313131%
Brentwood, NY59,43613131%
North Amityville, NY19,60813232%
North Bay Shore, NY19,99513232%
Wyandanch, NY11,18713333%
Baywood, NY7,68113232%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Waller, WA7,68111515%
Cleveland, TX7,68479-21%
Montrose, VA7,68693-7%
Mascoutah, IL7,67596-4%
Yreka, CA7,67511515%
Baywood, NY7,68113232%
Source: The Baywood, NY cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2015.