An overview of the general cost of living index for Corning, NY is displayed above for your reference. Residents in Corning, NY enjoy a cost of living index of 88. This index is 27% lower than the New York average, and 12% lower 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 Corning, NY, the average cost of goods and services is 9% lower than it is in New York, and it is equal to the national average.