Glens Falls North 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.
IndexGlens Falls NorthNew YorkNational
Cost of living index111122100
IndexGlens Falls NorthNew YorkNational
Goods & Services index118112100
Groceries index99103100
Health care index101104100
Housing index114149100
Transportation index115122100
Utilities index96102100
The above illustration supplies generalized information for the Glens Falls North, NY cost of living index. Compared to other cities in New York and cities across the country, the cost of living index in Glens Falls North, NY is 111, which is 9% lower than the New York average and 11% 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 Glens Falls North, NY are 5% higher than the average for New York and 18% higher than the rest of the country.

Did you know?

  • The cost of living in Glens Falls North is 9% lower than the New York average.
  • The cost of living in Glens Falls North is 11% higher than the national average.
  • The cost of housing in Glens Falls North is 14% 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 Glens Falls North, NY Cost of living To Other Cities

Salary Calculator

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Use the salary calculator to compare your current salary in Glens Falls North, 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 Glens Falls North, NY, then you would need to earn more income in order to maintain the same standard of living. To use the Glens Falls North, 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$78,107$6,509$1,822$2,343
Renters$30,694$2,558$716$921
If you want to find a good determining factor for the cost of living and the general affordability of housing in Glens Falls North, NY, all you must look at is the percentage of monthly income that should be spent on housing expenses, otherwise known as the debt-to-income ratio (DTI). Generally speaking, no more than 28 percent of your total gross income should be spent on your housing expenses and not more than 36 percent of your gross income on total expenses, including debts. In Glens Falls North, NY, the median monthly income is $78,107 for those who own their own homes. Under the standard rule, that income level would allow for $1,822 to be budgeted for housing expenses each month, at the most. Renters, on the other hand, earn about $30,694, per the median income in the area. That would allow for renters to spend up to $716 on monthly rental expenses.

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 Glens Falls North, 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

ItemGlens Falls NorthNational avg.Difference
Haircut $15.40$14.595.5%
Beauty Salon $38.00$34.689.6%
Toothpaste $1.73$2.4730.1%
Shampoo $0.99$1.023.1%
Movie $11.35$9.8715.0%
Bowling $3.98$4.399.4%

Groceries

ItemGlens Falls NorthNational avg.Difference
Ground Beef $4.23$4.485.5%
Fried Chicken $1.41$1.463.7%
Milk $2.35$2.360.3%
Potatoes $3.79$3.0623.8%
Pizza $8.49$9.248.1%
Beer $9.69$8.6312.2%

Health Care

ItemGlens Falls NorthNational avg.Difference
Optometrist $92.40$99.787.4%
Doctor $103.80$105.031.2%
Dentist $96.20$88.708.5%
Ibuprofen $9.23$9.411.9%
Lipitor $282.61$298.505.3%

Housing

ItemGlens Falls NorthNational avg.Difference
Home Price $215,500.00$175,700.0022.7%
Avg. Mortgage Payment $1,315.97$1,081.0321.7%
Apartment Rent $858.00$920.006.7%

Transportation

ItemGlens Falls NorthNational avg.Difference
Gasoline $2.48$2.0918.4%
Tire Balancing $47.98$45.296.0%

Utilities

ItemGlens Falls NorthNational avg.Difference
All Electricity$174.50$170.802.2%
Phone $24.95$28.2611.7%
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.
Whitehall, NY2,79196-4%
Fort Edward, NY3,32697-3%
Warrensburg, NY3,22699-1%
Argyle, NY31899-1%
Fort Ann, NY57199-1%
Glens Falls North, NY8,64511111%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Derby, CO8,63893-7%
Independence, OR8,6541066%
Alexandria, KY8,65491-9%
Half Moon, NC8,65598-2%
Harwood Heights, IL8,65611515%
Glens Falls North, NY8,64511111%
Source: The Glens Falls North, NY cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2015.