Gates 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.
IndexGatesNew YorkNational
Cost of living index93122100
IndexGatesNew YorkNational
Goods & Services index103112100
Groceries index98103100
Health care index99104100
Housing index67149100
Transportation index126122100
Utilities index94102100
Displayed above is a general overview of the Gates, NY cost of living index. The overall cost of living index in Gates, NY is 93, which is 24% lower than the New York average and 7% lower 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 Gates, NY are 8% lower than the New York average and 3% higher than the national average.

Did you know?

  • The cost of living in Gates is 24% lower than the New York average.
  • The cost of living in Gates is 7% lower than the national average.
  • The cost of housing in Gates is 33% 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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Use the salary calculator to compare your current salary in Gates, 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 Gates, NY, then you would need to earn more income in order to maintain the same standard of living. To use the Gates, 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$58,427$4,869$1,363$1,753
Renters$27,875$2,323$650$836
The affordability of the housing market in Gates, 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 Gates, NY homeowners, the median income is $58,427. This indicates that a monthly maximum of $1,363 should be spent by homeowners on all housing related costs. Renters have a median income of $27,875. This indicates that renters should have a maximum of $650 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 Gates, 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

ItemGatesNational avg.Difference
Haircut $12.67$14.5913.2%
Beauty Salon $33.75$34.682.7%
Toothpaste $2.37$2.474.2%
Shampoo $1.00$1.022.2%
Movie $9.92$9.870.5%
Bowling $4.92$4.3912.0%

Groceries

ItemGatesNational avg.Difference
Ground Beef $3.86$4.4813.8%
Fried Chicken $1.99$1.4635.9%
Milk $2.28$2.363.3%
Potatoes $2.99$3.062.3%
Pizza $11.00$9.2419.0%
Beer $8.09$8.636.3%

Health Care

ItemGatesNational avg.Difference
Optometrist $114.11$99.7814.4%
Doctor $100.22$105.034.6%
Dentist $87.06$88.701.9%
Ibuprofen $9.24$9.411.8%
Lipitor $303.30$298.501.6%

Housing

ItemGatesNational avg.Difference
Home Price $110,300.00$175,700.0037.2%
Avg. Mortgage Payment $949.46$1,081.0312.2%
Apartment Rent $692.00$920.0024.8%

Transportation

ItemGatesNational avg.Difference
Gasoline $2.72$2.0930.0%
Tire Balancing $52.74$45.2916.5%

Utilities

ItemGatesNational avg.Difference
All Electricity$153.03$170.8010.4%
Phone $27.99$28.260.9%
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.
Rochester, NY210,46189-11%
Le Roy, NY4,34896-4%
Bergen, NY1,30596-4%
Hamlin, NY5,50897-3%
East Rochester, NY6,68792-8%
Gates, NY5,04993-7%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Cresaptown, MD5,04895-5%
Harlan, IA5,04784-16%
Sheldon, IA5,04791-9%
Chittenango, NY5,05294-6%
Morganville, NJ5,05217070%
Gates, NY5,04993-7%
Source: The Gates, NY cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2015.