Glen Cove 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.
IndexGlen CoveNew YorkNational
Cost of living index157122100
IndexGlen CoveNew YorkNational
Goods & Services index126112100
Groceries index122103100
Health care index115104100
Housing index241149100
Transportation index100122100
Utilities index132102100
Displayed above is a general overview of the Glen Cove, NY cost of living index. The overall cost of living index in Glen Cove, NY is 157, which is 29% higher than the New York average and 57% 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 Glen Cove, NY are 12% higher than the New York average and 26% higher than the national average.

Did you know?

  • The cost of living in Glen Cove is 29% higher than the New York average.
  • The cost of living in Glen Cove is 57% higher than the national average.
  • The cost of housing in Glen Cove is 141% 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 Glen Cove, NY Cost of living To Other Cities

Salary Calculator

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Use the salary calculator to compare your current income in Glen Cove, NY to any other city in the country. The calculator will tell you how much income you would need to make in a particular city to live at the same level based on the cost of living in each city. For example, if the cost of living in the city you are looking to move to is higher than that of Glen Cove, NY, then you would need to earn a higher salary in order to enjoy the same standard of living. To use the Glen Cove, NY salary calculator, enter the name of the new city, then move the slider to your current salary level. The salary calculator will do the rest and let you know if your salary would need to increase or decrease for the new city. You will also see a complete overview of the cost of living.

Median Income & Debt-To-Income Ratio

Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
Owners$90,425$7,535$2,110$2,713
Renters$46,995$3,916$1,096$1,410
A good way to judge both the affordability of the housing and the cost of living is by simply calculating the maximum that a person should spend on housing in Glen Cove, NY, otherwise known as the debt-to-income ratio (DTI). The safest way to live in the city is to avoid spending more than 28 percent of the gross income that one earns on costs that pertain to housing and no more than 36 percent on all expenses and debts. Glen Cove, NY has a median income of about $90,425 for people who own homes. Based on that number, a person should spend a maximum of $2,110 on expenses related to housing. Renters have a slightly different median income, which is $46,995. Based on this average, renters should spend no more than $1,096 on all of their rental costs if they want to maintain a non-impoverished standard of living.

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 Glen Cove, 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

ItemGlen CoveNational avg.Difference
Haircut $20.00$14.5937.0%
Beauty Salon $67.50$34.6894.6%
Toothpaste $4.04$2.4763.3%
Shampoo $0.88$1.0213.9%
Movie $14.75$9.8749.5%
Bowling $7.94$4.3980.8%

Groceries

ItemGlen CoveNational avg.Difference
Ground Beef $3.99$4.4810.9%
Fried Chicken $1.04$1.4629.0%
Milk $2.26$2.364.1%
Potatoes $3.92$3.0628.0%
Pizza $10.00$9.248.2%
Beer $9.82$8.6313.8%

Health Care

ItemGlen CoveNational avg.Difference
Optometrist $111.67$99.7811.9%
Doctor $123.75$105.0317.8%
Dentist $110.00$88.7024.0%
Ibuprofen $10.33$9.419.8%
Lipitor $299.00$298.500.2%

Housing

ItemGlen CoveNational avg.Difference
Home Price $470,900.00$175,700.00168.0%
Avg. Mortgage Payment $2,127.00$1,081.0396.8%
Apartment Rent $1,632.00$920.0077.4%

Transportation

ItemGlen CoveNational avg.Difference
Gasoline $2.06$2.091.5%
Tire Balancing $47.99$45.296.0%

Utilities

ItemGlen CoveNational avg.Difference
All Electricity$262.56$170.8053.7%
Phone $29.01$28.262.7%
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.
Greenville, NY5731044%
North Amityville, NY19,60813232%
Wyandanch, NY11,18713333%
Roosevelt, NY16,55414747%
Uniondale, NY24,78714747%
Glen Cove, NY27,16115757%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Bergenfield, NJ27,15714343%
Kankakee, IL27,14588-12%
Norco, CA27,14314141%
Fortuna Foothills, AZ27,1811022%
Bessemer, AL27,20285-15%
Glen Cove, NY27,16115757%
Source: The Glen Cove, NY cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2015.