Geneva 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.
IndexGenevaNew YorkNational
Cost of living index90122100
IndexGenevaNew YorkNational
Goods & Services index103112100
Groceries index98103100
Health care index99104100
Housing index58149100
Transportation index126122100
Utilities index94102100
An overview of the general cost of living index for Geneva, NY is displayed above for your reference. Residents in Geneva, NY enjoy a cost of living index of 90. This index is 26% lower than the New York average, and 10% lower 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 Geneva, NY, the average cost of goods and services is 8% lower than it is in New York, and it is 3% higher than the national average.

Did you know?

  • The cost of living in Geneva is 26% lower than the New York average.
  • The cost of living in Geneva is 10% lower than the national average.
  • The cost of housing in Geneva is 42% 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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Salary Calculator

This is how much you would need to earn in
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Groceries index
Health care index
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Transportation index
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The salary calculator is meant to help you compare your salary in Geneva, NY to your potential earning power in another city. This can help you deduce what your salary would need to be in any given city in order for you to live the same lifestyle that you do in your current city. In other words, if you plan on moving to a city where the cost of living is higher than in Geneva, NY, you'll have to make more money in the new city in order to maintain the lifestyle you currently enjoy. To use the Geneva, NY salary calculator, simply input the new city, then move the adjustable slider to match your current income. Once you've selected your income, the calculator will determine if that income is sufficient to support your standard of living in the new city you entered. The calculator will also supply you with a rundown of living costs in the new city.

Median Income & Debt-To-Income Ratio

Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
Owners$65,891$5,491$1,537$1,977
Renters$24,735$2,061$577$742
The percent of monthly income spent on housing can be a good indicator of the affordability of housing in Geneva, 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 Geneva, NY homeowners, is $65,891. This would allow for a maximum of $1,537 per month to be spent on housing costs. For renters, the median monthly income is $24,735 which would result in a maximum of $577 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 Geneva, 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

ItemGenevaNational 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

ItemGenevaNational 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

ItemGenevaNational 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

ItemGenevaNational avg.Difference
Home Price $88,800.00$175,700.0049.5%
Avg. Mortgage Payment $949.46$1,081.0312.2%
Apartment Rent $693.00$920.0024.7%

Transportation

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

Utilities

ItemGenevaNational 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.
Savannah, NY42684-16%
Lyons, NY3,34386-14%
Romulus, NY61988-12%
Waterloo, NY5,17888-12%
Newark, NY9,01989-11%
Geneva, NY13,20290-10%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Azalea Park, FL13,20389-11%
McPherson, KS13,20588-12%
Hobe Sound, FL13,20599-1%
Clayton, OH13,21296-4%
Rantoul, IL13,21485-15%
Geneva, NY13,20290-10%
Source: The Geneva, NY cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2015.