Floral Park 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.
IndexFloral ParkNew YorkNational
Cost of living index170122100
IndexFloral ParkNew YorkNational
Goods & Services index151112100
Groceries index121103100
Health care index117104100
Housing index242149100
Transportation index138122100
Utilities index133102100
Displayed above is a general overview of the Floral Park, NY cost of living index. The overall cost of living index in Floral Park, NY is 170, which is 39% higher than the New York average and 70% higher than the national average. The cost of living index is created from the following categories: goods/services (33%), groceries (13%), health care (5%), housing (30%), transportation (9%) and utilities (10%). As you can see, goods/services and housing make up the majority of the overall cost of living index. Everyday goods and services can be a good indicator of the general cost of goods in a given city. In this case, the goods and services in Floral Park, NY are 34% higher than the New York average and 51% higher than the national average.

Did you know?

  • The cost of living in Floral Park is 39% higher than the New York average.
  • The cost of living in Floral Park is 70% higher than the national average.
  • The cost of housing in Floral Park is 142% 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 Floral Park, NY Cost of living To Other Cities

Salary Calculator

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Use the salary calculator to compare your current salary in Floral Park, NY to any other city. The salary calculator will tell you how much you would need to earn in any given city to maintain the same standard of living based on the cost of living in each city. For example, if the cost of living in the city you are looking to relocate to is higher than the cost of living in Floral Park, NY, then you would need to earn more income in order to maintain the same standard of living. To use the Floral Park, NY salary calculator, simply enter in the name of the new city, then adjust the slider to your current income. The salary calculator will do the rest and let you know if you need to earn more or less in the new city. You will also see a complete breakdown of the cost of living.

Median Income & Debt-To-Income Ratio

Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
Owners$121,472$10,123$2,834$3,645
Renters$53,500$4,458$1,248$1,605
The affordability of the housing market in Floral Park, NY as well as the overall cost of living can be indicated accurately by what percent of the monthly income is spent on housing related costs. This is konwn as the debt-to-income ratio (DTI). The overall rule of thumb is that no more than 28% of your gross income should ever be used on the overall costs related to housing and no more than 36% of gross income on all expenses and debts. Among Floral Park, NY homeowners, the median income is $121,472. This indicates that a monthly maximum of $2,834 should be spent by homeowners on all housing related costs. Renters have a median income of $53,500. This indicates that renters should have a maximum of $1,248 used for their rent related monthly 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%
For those who live in Floral Park, NY and want to know what the true cost of living is, they ought to look at both the New York income tax rate and the New York sales tax rate. By sales tax, we mean the taxes that are included whenever a person is purchasing any goods or services. The amount that is taxed depends upon the particular state, where some states have a sales tax of zero percent while others can have a tax higher than seven percent. In New York, the sales tax is 4%, while the most you'll pay in surtax is 8.875%. There is also income tax to consider, which is based upon the amount of money made in a year. Just like sales tax, income tax depends upon the particular state but also depends upon what tax bracket the person is in. Income tax for the state can be higher than nine percent in some states to zero percent in others. For those that live in New York, the income tax rate ranges between 4% to 8.82%.

Goods & Services

ItemFloral ParkNational 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

ItemFloral ParkNational 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

ItemFloral ParkNational 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

ItemFloral ParkNational avg.Difference
Home Price $489,700.00$175,700.00178.7%
Avg. Mortgage Payment $4,902.79$1,081.03353.5%
Apartment Rent $1,433.00$920.0055.8%

Transportation

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

Utilities

ItemFloral ParkNational 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%
Floral Park, NY16,19017070%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Tahlequah, OK16,19089-11%
Truckee, CA16,19115555%
Kuna, ID16,18891-9%
Ocean Acres, NJ16,18712424%
Shorewood, IL16,18611212%
Floral Park, NY16,19017070%
Source: The Floral Park, NY cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2015.