Gloversville 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.
IndexGloversvilleNew YorkNational
Cost of living index93122100
IndexGloversvilleNew YorkNational
Goods & Services index118112100
Groceries index99103100
Health care index101104100
Housing index53149100
Transportation index115122100
Utilities index96102100
A general summary of the cost of living index in Gloversville, NY is shown above. Compared to the state average of New York the cost of living index in Gloversville, NY is 93, which is 24% lower than the average in New York and compared to the national average it is 7% lower than. The cost of living index is made up of several categories. These are transportation at 9%, utilities at 10%, goods and services at 33%, housing at 30%, groceries at 13%, and health care at 5%. The bulk of the cost of living index comes from the categories of goods and services and housing. If you look at everyday goods and services they can be a good indicator in a certain city of the general costs of goods there. In Gloversville, NY goods and services come in at 5% higher than the average in New York and are 18% higher than compared to the nationwide average.

Did you know?

  • The cost of living in Gloversville is 24% lower than the New York average.
  • The cost of living in Gloversville is 7% lower than the national average.
  • The cost of housing in Gloversville is 47% 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.

Find Real Estate Listings In Gloversville

Location
Price
Bedrooms
Bathrooms
 

New Real Estate Listings In Gloversville

Compare Gloversville, NY Cost of living To Other Cities

Salary Calculator

This is how much you would need to earn in
Price difference in compared to
Cost of living index
Goods & Services index
Groceries index
Health care index
Housing index
Transportation index
Utilities index
The salary calculator allows you to compare how much your current salary in Gloversville, NY would be worth in another city. In other words, the salary calculator will adjust the figure you enter for cost of living so that you can determine how much more or much less you would need to earn while maintaining your current quality of living. If you are considering relocating to a more expensive city than Gloversville, NY, the calculator will tell you how much more you need to earn so you can assess job offers more accurately. The Gloversville, NY salary calculator is easy to use. All you do is enter the name of another city, then move the slider to your current income. After that, the salary calculator will crunch the numbers for you and give you the information you need about the place you are considering going. Additionally, it will show a detailed breakdown of the cost of living.

Median Income & Debt-To-Income Ratio

Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
Owners$52,213$4,351$1,218$1,567
Renters$21,548$1,796$503$647
The percent of monthly income spent on housing can be a good indicator of the affordability of housing in Gloversville, 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 Gloversville, NY homeowners, is $52,213. This would allow for a maximum of $1,218 per month to be spent on housing costs. For renters, the median monthly income is $21,548 which would result in a maximum of $503 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%
The New York sales tax and New York income tax rates should definitely be considered when determining the overall cost of living in Gloversville, NY. Sales taxes are taxes that are imposed onto goods and services sold. Sales taxes do vary by state and can range from no tax at all to upwards of 7%. The New York sales tax is 4% and the maximum surtax is 8.875%. Income tax is the tax imposed on income by the government. The income tax rates will vary by state and will also increase or decrease depending on the corresponding tax bracket. State income tax rates can range from anywhere from no tax at all to more than 9%. The New York income tax rates range from 4% to 8.82%.

Goods & Services

ItemGloversvilleNational 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

ItemGloversvilleNational 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

ItemGloversvilleNational 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

ItemGloversvilleNational avg.Difference
Home Price $77,100.00$175,700.0056.1%
Avg. Mortgage Payment $1,315.97$1,081.0321.7%
Apartment Rent $684.00$920.0025.7%

Transportation

ItemGloversvilleNational avg.Difference
Gasoline $2.48$2.0918.4%
Tire Balancing $47.98$45.296.0%

Utilities

ItemGloversvilleNational 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.
Fort Plain, NY2,02792-8%
Palatine Bridge, NY80692-8%
Ames, NY17693-7%
Nelliston, NY58393-7%
Fonda, NY70493-7%
Gloversville, NY15,39593-7%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Humble, TX15,40287-13%
Seaford, NY15,40515454%
Jamestown, ND15,40787-13%
Conway, FL15,3821033%
Seagoville, TX15,37993-7%
Gloversville, NY15,39593-7%
Source: The Gloversville, NY cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2015.