Dannemora 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.
IndexDannemoraNew YorkNational
Cost of living index97122100
IndexDannemoraNew YorkNational
Goods & Services index106112100
Groceries index109103100
Health care index107104100
Housing index60149100
Transportation index128122100
Utilities index123102100
A general overview of the cost of living index for Dannemora, NY is displayed above. In Dannemora, NY, the overall cost of living index is 97, which is 21% lower than the New York average and 3% 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 Dannemora, NY, the city's goods and services are 6% lower than the New York average and 6% higher than the U.S. average.

Did you know?

  • The cost of living in Dannemora is 21% lower than the New York average.
  • The cost of living in Dannemora is 3% lower than the national average.
  • The cost of housing in Dannemora is 40% 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 Dannemora, NY Cost of living To Other Cities

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Use the salary calculator to compare your current income in Dannemora, 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 Dannemora, NY, then you would need to earn a higher salary in order to enjoy the same standard of living. To use the Dannemora, 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$57,500$4,792$1,342$1,725
Renters$24,167$2,014$564$725
The percent of monthly income spent on housing can be a good indicator of the affordability of housing in Dannemora, 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 Dannemora, NY homeowners, is $57,500. This would allow for a maximum of $1,342 per month to be spent on housing costs. For renters, the median monthly income is $24,167 which would result in a maximum of $564 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%
When you are determining the total cost of living in Dannemora, NY you will want to make sure you consider both the New York sales tax and the New York income tax rates. Sales tax come in the form of taxes levied on both services and goods that are sold. The sales tax rates are different state to state and range from zero sales tax to higher than 7%. The sales tax in New York is 4%, with the highest surtax being 8.875%. Tax that is on income by the government is income tax. Different states have different income tax rates and these rates can be higher or lower dependent on the corresponding tax bracket. The state income tax rates are different state to state and range from no income tax to more than 9% income tax. The income tax rates in New York have a range from 4% to 8.82%.

Goods & Services

ItemDannemoraNational avg.Difference
Haircut $19.12$14.5931.0%
Beauty Salon $45.50$34.6831.2%
Toothpaste $2.09$2.4715.5%
Shampoo $1.09$1.026.7%
Movie $10.53$9.876.7%
Bowling $4.67$4.396.3%

Groceries

ItemDannemoraNational avg.Difference
Ground Beef $4.56$4.481.9%
Fried Chicken $1.84$1.4625.7%
Milk $2.79$2.3618.4%
Potatoes $3.99$3.0630.3%
Pizza $8.00$9.2413.4%
Beer $8.74$8.631.2%

Health Care

ItemDannemoraNational avg.Difference
Optometrist $128.10$99.7828.4%
Doctor $113.84$105.038.4%
Dentist $94.00$88.706.0%
Ibuprofen $9.66$9.412.6%
Lipitor $311.23$298.504.3%

Housing

ItemDannemoraNational avg.Difference
Home Price $100,000.00$175,700.0043.1%
Avg. Mortgage Payment $1,714.70$1,081.0358.6%
Apartment Rent $633.00$920.0031.2%

Transportation

ItemDannemoraNational avg.Difference
Gasoline $2.68$2.0928.1%
Tire Balancing $58.28$45.2928.7%

Utilities

ItemDannemoraNational avg.Difference
All Electricity$234.61$170.8037.4%
Phone $28.84$28.262.1%
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.
Parc, NY17511212%
Altona, NY83290-10%
Lyon Mountain, NY34290-10%
Plattsburgh West, NY1,46292-8%
Keeseville, NY1,98696-4%
Dannemora, NY3,78597-3%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Ahtanum, WA3,78595-5%
Falmouth, MA3,78514949%
East Merrimack, NH3,78411818%
Camdenton, MO3,78689-11%
Port Vue, PA3,78486-14%
Dannemora, NY3,78597-3%
Source: The Dannemora, NY cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2015.