Chestnut Ridge 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.
IndexChestnut RidgeNew YorkNational
Cost of living index157122100
IndexChestnut RidgeNew YorkNational
Goods & Services index127112100
Groceries index132103100
Health care index115104100
Housing index222149100
Transportation index134122100
Utilities index133102100
A general summary of the cost of living index in Chestnut Ridge, NY is shown above. Compared to the state average of New York the cost of living index in Chestnut Ridge, NY is 157, which is 29% higher than the average in New York and compared to the national average it is 57% higher than. The cost of living index is made up of several categories. These are transportation at 9%, utilities at 10%, goods and services at 33%, housing at 30%, groceries at 13%, and health care at 5%. The bulk of the cost of living index comes from the categories of goods and services and housing. If you look at everyday goods and services they can be a good indicator in a certain city of the general costs of goods there. In Chestnut Ridge, NY goods and services come in at 13% higher than the average in New York and are 27% higher than compared to the nationwide average.

Did you know?

  • The cost of living in Chestnut Ridge is 29% higher than the New York average.
  • The cost of living in Chestnut Ridge is 57% higher than the national average.
  • The cost of housing in Chestnut Ridge is 122% 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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Use the salary calculator to compare your current income in Chestnut Ridge, 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 Chestnut Ridge, NY, then you would need to earn a higher salary in order to enjoy the same standard of living. To use the Chestnut Ridge, 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)
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 Chestnut Ridge, 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. Chestnut Ridge, NY has a median income of about $120,099 for people who own homes. Based on that number, a person should spend a maximum of $2,802 on expenses related to housing. Renters have a slightly different median income, which is $34,079. Based on this average, renters should spend no more than $795 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%
One thing to keep in mind when considering the cost of living in Chestnut Ridge, 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

ItemChestnut RidgeNational avg.Difference
Haircut $20.00$14.5937.0%
Beauty Salon $65.00$34.6887.4%
Toothpaste $3.89$2.4757.3%
Shampoo $0.99$1.023.1%
Movie $14.00$9.8741.9%
Bowling $12.00$4.39173.2%


ItemChestnut RidgeNational avg.Difference
Ground Beef $4.49$4.480.3%
Fried Chicken $1.94$1.4632.5%
Milk $1.96$2.3616.8%
Potatoes $4.89$3.0659.7%
Pizza $11.50$9.2424.4%
Beer $9.89$8.6314.6%

Health Care

ItemChestnut RidgeNational avg.Difference
Optometrist $99.50$99.780.3%
Doctor $115.00$105.039.5%
Dentist $112.88$88.7027.3%
Ibuprofen $12.39$9.4131.6%
Lipitor $298.37$298.500.0%


ItemChestnut RidgeNational avg.Difference
Home Price $432,700.00$175,700.00146.3%
Avg. Mortgage Payment $3,389.29$1,081.03213.5%
Apartment Rent $1,533.00$920.0066.6%


ItemChestnut RidgeNational avg.Difference
Gasoline $2.64$2.0926.2%
Tire Balancing $69.96$45.2954.5%


ItemChestnut RidgeNational avg.Difference
All Electricity$259.37$170.8051.9%
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.
Greenville, NY5731044%
Paterson, NJ146,34111919%
Mount Ivy, NY6,92612828%
Haledon, NJ8,39712121%
Spring Valley, NY32,00712929%
Chestnut Ridge, NY8,03515757%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Island Lake, IL8,0331055%
Lugoff, SC8,03993-7%
Fountain Inn, SC8,03194-6%
Wellington, KS8,02884-16%
Murrells Inlet, SC8,0271099%
Chestnut Ridge, NY8,03515757%
Source: The Chestnut Ridge, NY cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2015.