East Meadow 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.
IndexEast MeadowNew YorkNational
Cost of living index162122100
IndexEast MeadowNew YorkNational
Goods & Services index151112100
Groceries index121103100
Health care index117104100
Housing index216149100
Transportation index138122100
Utilities index133102100
An overview of the general cost of living index for East Meadow, NY is displayed above for your reference. Residents in East Meadow, NY enjoy a cost of living index of 162. This index is 33% higher than the New York average, and 62% 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 East Meadow, NY, the average cost of goods and services is 34% higher than it is in New York, and it is 51% higher than the national average.

Did you know?

  • The cost of living in East Meadow is 33% higher than the New York average.
  • The cost of living in East Meadow is 62% higher than the national average.
  • The cost of housing in East Meadow is 116% 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.

Find Real Estate Listings In East Meadow

Location
Price
Bedrooms
Bathrooms
 

New Real Estate Listings In East Meadow

Compare East Meadow, NY Cost of living To Other Cities

Salary Calculator

This is how much you would need to earn in
Price difference in compared to
Cost of living index
Goods & Services index
Groceries index
Health care index
Housing index
Transportation index
Utilities index
The salary calculator is used in order to provide a comparison of your current salary in East Meadow, 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 East Meadow, NY, you would have to earn a higher income to maintain a standard of living that is similar. To get started with the East Meadow, 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$99,199$8,267$2,314$2,976
Renters$53,523$4,460$1,249$1,606
If you want to find a good determining factor for the cost of living and the general affordability of housing in East Meadow, 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 East Meadow, NY, the median monthly income is $99,199 for those who own their own homes. Under the standard rule, that income level would allow for $2,314 to be budgeted for housing expenses each month, at the most. Renters, on the other hand, earn about $53,523, per the median income in the area. That would allow for renters to spend up to $1,249 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%
When assessing the complete cost of living in East Meadow, NY, the New York income tax and the New York sales tax percentages should unquestionably be taken into consideration. Sales taxes aren't just levies imposed onto sold goods, but they also include taxes that are charged when services are provided for a fee. The rates are different from state to state and can run has high as 7 percent. Some states have no sales tax at all. The New York maximum surtax is 8.875%, and the New York sales tax is 4%. By contrast, income tax is an unfortunate obligation that is charged by the government against earnings. Just like sales taxes, the rates for income taxes differ from state to state. They also decrease or increase according to the individual's tax bracket. Tax rates can run as high as 9 percent, with a minimum of zero. Income tax rates range from 4% to 8.82% in New York.

Goods & Services

ItemEast MeadowNational avg.Difference
Haircut $22.50$14.5954.2%
Beauty Salon $70.55$34.68103.4%
Toothpaste $4.04$2.4763.3%
Shampoo $1.14$1.0211.5%
Movie $13.83$9.8740.1%
Bowling $12.33$4.39180.8%

Groceries

ItemEast MeadowNational avg.Difference
Ground Beef $4.46$4.480.4%
Fried Chicken $1.04$1.4629.0%
Milk $1.92$2.3618.5%
Potatoes $4.37$3.0642.7%
Pizza $11.49$9.2424.3%
Beer $13.09$8.6351.6%

Health Care

ItemEast MeadowNational avg.Difference
Optometrist $103.33$99.783.6%
Doctor $122.50$105.0316.6%
Dentist $117.50$88.7032.5%
Ibuprofen $10.06$9.416.9%
Lipitor $302.11$298.501.2%

Housing

ItemEast MeadowNational avg.Difference
Home Price $393,000.00$175,700.00123.7%
Avg. Mortgage Payment $4,902.79$1,081.03353.5%
Apartment Rent $1,835.00$920.0099.5%

Transportation

ItemEast MeadowNational avg.Difference
Gasoline $2.64$2.0926.2%
Tire Balancing $78.00$45.2972.2%

Utilities

ItemEast MeadowNational avg.Difference
All Electricity$259.80$170.8052.1%
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.
Baywood, NY7,68113232%
North Amityville, NY19,60813232%
Wyandanch, NY11,18713333%
Roosevelt, NY16,55414747%
Uniondale, NY24,78714747%
East Meadow, NY37,51316262%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Florence, SC37,51296-4%
Park Ridge, IL37,51113232%
Roy, UT37,47297-3%
South Miami Heights, FL37,5641000%
Oakley, CA37,39112222%
East Meadow, NY37,51316262%
Source: The East Meadow, NY cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2015.