Centerport 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.
IndexCenterportNew YorkNational
Cost of living index176122100
IndexCenterportNew YorkNational
Goods & Services index126112100
Groceries index122103100
Health care index115104100
Housing index304149100
Transportation index100122100
Utilities index132102100
An overview of the general cost of living index for Centerport, NY is displayed above for your reference. Residents in Centerport, NY enjoy a cost of living index of 176. This index is 45% higher than the New York average, and 76% 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 Centerport, NY, the average cost of goods and services is 12% higher than it is in New York, and it is 26% higher than the national average.

Did you know?

  • The cost of living in Centerport is 45% higher than the New York average.
  • The cost of living in Centerport is 76% higher than the national average.
  • The cost of housing in Centerport is 204% 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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Salary Calculator

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The salary calculator is used in order to provide a comparison of your current salary in Centerport, NY to another city of your choice. The calculator will inform you of what your salary needs to be in any specific city in order for you to maintain your living standard based on what the city’s cost of living is. As an example, if you are seeking to move to a city that has a higher cost of living compared to Centerport, NY, you would have to earn a higher income to maintain a standard of living that is similar. To get started with the Centerport, NY salary calculator, input the new city’s name and then move the slider to indicate your current income. The salary calculator will now process the numbers and show you whether you need to earn more or less in the chosen city. A comprehensive breakdown of the cost of living will also be shown.

Median Income & Debt-To-Income Ratio

Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
Owners$118,906$9,909$2,774$3,568
Renters$66,151$5,513$1,543$1,985
If you want to find a good determining factor for the cost of living and the general affordability of housing in Centerport, 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 Centerport, NY, the median monthly income is $118,906 for those who own their own homes. Under the standard rule, that income level would allow for $2,774 to be budgeted for housing expenses each month, at the most. Renters, on the other hand, earn about $66,151, per the median income in the area. That would allow for renters to spend up to $1,543 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 Centerport, 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

ItemCenterportNational 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

ItemCenterportNational 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

ItemCenterportNational 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

ItemCenterportNational avg.Difference
Home Price $603,400.00$175,700.00243.4%
Avg. Mortgage Payment $2,127.00$1,081.0396.8%
Apartment Rent $1,939.00$920.00110.8%

Transportation

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

Utilities

ItemCenterportNational 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%
Baywood, NY7,68113232%
North Amityville, NY19,60813232%
North Bay Shore, NY19,99513232%
Centerport, NY5,71717676%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Salamanca, NY5,71779-21%
Creve Coeur, IL5,71785-15%
Genoa, IL5,71696-4%
Forest, MS5,71978-22%
Deer Park, OH5,72089-11%
Centerport, NY5,71717676%
Source: The Centerport, NY cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2015.