Cortland 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.
IndexCortlandNew YorkNational
Cost of living index90122100
IndexCortlandNew YorkNational
Goods & Services index100112100
Groceries index104103100
Health care index112104100
Housing index58149100
Transportation index123122100
Utilities index91102100
A general overview of the cost of living index for Cortland, NY is displayed above. In Cortland, NY, the overall cost of living index is 90, which is 26% lower than the New York average and 10% lower than the U.S. average. The following categories are used to calculate the overall cost of living index: goods/services (33%), housing (30%), groceries (13%), utilities (10%), transportation (9%) and health care (5%). From the list, it is clear that the categories of goods/services and housing are responsible for the largest portions of the overall cost of living index. As a general rule, everyday goods and services provide an accurate measure of the general cost of goods in any given city. In the case of Cortland, NY, the city's goods and services are 11% lower than the New York average and equal to the U.S. average.

Did you know?

  • The cost of living in Cortland is 26% lower than the New York average.
  • The cost of living in Cortland is 10% lower than the national average.
  • The cost of housing in Cortland is 42% lower 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 Cortland, NY Cost of living To Other Cities

Salary Calculator

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Use the salary calculator to compare your current income in Cortland, 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 Cortland, NY, then you would need to earn a higher salary in order to enjoy the same standard of living. To use the Cortland, 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$60,329$5,027$1,408$1,810
Renters$23,465$1,955$547$704
The percent of monthly income spent on housing can be a good indicator of the affordability of housing in Cortland, NY as well as the overall cost of living. As a general rule of thumb, the debt-to-income ratio (DTI) for homeowners or renters should be not more than 28 percent of gross income to be spent on housing related costs and not more than 36 percent of income on all expenses, including debts. The median income for Cortland, NY homeowners, is $60,329. This would allow for a maximum of $1,408 per month to be spent on housing costs. For renters, the median monthly income is $23,465 which would result in a maximum of $547 to be spent on rental costs.

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 Cortland, 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

ItemCortlandNational avg.Difference
Haircut $15.75$14.597.9%
Beauty Salon $34.25$34.681.2%
Toothpaste $3.08$2.4724.5%
Shampoo $1.51$1.0247.7%
Movie $10.50$9.876.4%
Bowling $4.00$4.398.9%

Groceries

ItemCortlandNational avg.Difference
Ground Beef $4.41$4.481.5%
Fried Chicken $1.62$1.4610.7%
Milk $1.90$2.3619.4%
Potatoes $3.24$3.065.8%
Pizza $8.00$9.2413.4%
Beer $9.59$8.6311.1%

Health Care

ItemCortlandNational avg.Difference
Optometrist $109.00$99.789.2%
Doctor $143.69$105.0336.8%
Dentist $87.00$88.701.9%
Ibuprofen $9.48$9.410.7%
Lipitor $320.90$298.507.5%

Housing

ItemCortlandNational avg.Difference
Home Price $91,400.00$175,700.0048.0%
Avg. Mortgage Payment $1,281.68$1,081.0318.6%
Apartment Rent $667.00$920.0027.5%

Transportation

ItemCortlandNational avg.Difference
Gasoline $2.63$2.0926.0%
Tire Balancing $51.93$45.2914.7%

Utilities

ItemCortlandNational avg.Difference
All Electricity$179.24$170.804.9%
Phone $19.99$28.2629.3%
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.
DeRuyter, NY53288-12%
McGraw, NY1,09789-11%
Moravia, NY1,51289-11%
Marathon, NY1,08190-10%
Groton, NY2,46990-10%
Cortland, NY19,21890-10%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Simpsonville, SC19,21998-2%
Shelbyville, IN19,21685-15%
Melville, NY19,22818080%
West Melbourne, FL19,2081044%
Macomb, IL19,19383-17%
Cortland, NY19,21890-10%
Source: The Cortland, NY cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2015.