Elmont 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.
IndexElmontNew YorkNational
Cost of living index156122100
IndexElmontNew YorkNational
Goods & Services index151112100
Groceries index121103100
Health care index117104100
Housing index196149100
Transportation index138122100
Utilities index133102100
The above illustration supplies generalized information for the Elmont, NY cost of living index. Compared to other cities in New York and cities across the country, the cost of living index in Elmont, NY is 156, which is 28% higher than the New York average and 56% higher than that for the entire country. The index is comprised of the following criteria: cost of retail goods and services (33%), groceries (13%), health care (5%), housing (30%), cost of public/private transportation (9%) and utilities (10%). Everyday goods and services, along with housing account for 63 percent of the total cost of living index. Goods and services that are a necessity regardless of location provide an accurate general sense of the cost of living in one city versus another. As seen above, the cost of retail goods and services in Elmont, NY are 34% higher than the average for New York and 51% higher than the rest of the country.

Did you know?

  • The cost of living in Elmont is 28% higher than the New York average.
  • The cost of living in Elmont is 56% higher than the national average.
  • The cost of housing in Elmont is 96% 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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Compare Elmont, NY Cost of living To Other Cities

Salary Calculator

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Using the salary calculator lets you compare the salary you earn in Elmont, NY to what it is in other cities. It will let you know what your earnings would have to be in another city to have the same standard of living, as determined by the cost of living in each city. For example, if the cost of living in the area you want to move to is higher than the cost of living in Elmont, NY, you have to earn a higher income in order to still have the same standard of living. To operate the Elmont, NY salary calculator, put in the name of the other city, then move the slider to the point that represents the current income. The salary calculator will take care of the rest and tell you how much more or less you must earn in the new city. A Total breakdown of the cost of living is also provided.

Median Income & Debt-To-Income Ratio

Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
Owners$98,767$8,231$2,304$2,963
Renters$43,171$3,598$1,007$1,295
The percent of monthly income spent on housing can be a good indicator of the affordability of housing in Elmont, 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 Elmont, NY homeowners, is $98,767. This would allow for a maximum of $2,304 per month to be spent on housing costs. For renters, the median monthly income is $43,171 which would result in a maximum of $1,007 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 Elmont, 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

ItemElmontNational 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

ItemElmontNational 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

ItemElmontNational 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

ItemElmontNational avg.Difference
Home Price $373,000.00$175,700.00112.3%
Avg. Mortgage Payment $4,902.79$1,081.03353.5%
Apartment Rent $1,444.00$920.0057.0%

Transportation

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

Utilities

ItemElmontNational 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.
Roosevelt, NY16,55414747%
Uniondale, NY24,78714747%
New Cassel, NY13,98813636%
Hempstead, NY54,80114848%
Freeport, NY43,16814949%
Elmont, NY36,76215656%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Weslaco, TX36,75270-30%
Oakville, MO36,7761033%
Egypt Lake-Leto, FL36,73591-9%
Marion, OH36,79186-14%
Dover, DE36,8261066%
Elmont, NY36,76215656%
Source: The Elmont, NY cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2015.