Hamlin 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.
IndexHamlinNew YorkNational
Cost of living index97122100
IndexHamlinNew YorkNational
Goods & Services index116112100
Groceries index110103100
Health care index107104100
Housing index63149100
Transportation index111122100
Utilities index97102100
An overview of the general cost of living index for Hamlin, NY is displayed above for your reference. Residents in Hamlin, NY enjoy a cost of living index of 97. This index is 21% lower than the New York average, and 3% 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 Hamlin, NY, the average cost of goods and services is 3% higher than it is in New York, and it is 16% higher than the national average.

Did you know?

  • The cost of living in Hamlin is 21% lower than the New York average.
  • The cost of living in Hamlin is 3% lower than the national average.
  • The cost of housing in Hamlin is 37% 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

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Groceries index
Health care index
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The salary calculator is meant to help you compare your salary in Hamlin, 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 Hamlin, NY, you'll have to make more money in the new city in order to maintain the lifestyle you currently enjoy. To use the Hamlin, 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$62,226$5,186$1,452$1,867
Renters$25,348$2,112$591$761
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 Hamlin, 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. Hamlin, NY has a median income of about $62,226 for people who own homes. Based on that number, a person should spend a maximum of $1,452 on expenses related to housing. Renters have a slightly different median income, which is $25,348. Based on this average, renters should spend no more than $591 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 Hamlin, 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

ItemHamlinNational avg.Difference
Haircut $20.25$14.5938.8%
Beauty Salon $40.00$34.6815.3%
Toothpaste $1.99$2.4719.5%
Shampoo $0.99$1.023.1%
Movie $11.30$9.8714.5%
Bowling $4.45$4.391.3%

Groceries

ItemHamlinNational avg.Difference
Ground Beef $4.32$4.483.5%
Fried Chicken $1.97$1.4634.6%
Milk $2.62$2.3611.2%
Potatoes $3.39$3.0610.7%
Pizza $8.13$9.2412.0%
Beer $9.05$8.634.8%

Health Care

ItemHamlinNational avg.Difference
Optometrist $108.75$99.789.0%
Doctor $101.25$105.033.6%
Dentist $95.25$88.707.4%
Ibuprofen $9.89$9.415.1%
Lipitor $351.24$298.5017.7%

Housing

ItemHamlinNational avg.Difference
Home Price $97,600.00$175,700.0044.5%
Avg. Mortgage Payment $1,821.15$1,081.0368.5%
Apartment Rent $754.00$920.0018.0%

Transportation

ItemHamlinNational avg.Difference
Gasoline $2.17$2.093.7%
Tire Balancing $58.76$45.2929.8%

Utilities

ItemHamlinNational avg.Difference
All Electricity$156.79$170.808.2%
Phone $29.75$28.265.3%
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.
Albion, NY5,79992-8%
Holley, NY2,01194-6%
Gates, NY5,04993-7%
North Gates, NY9,95693-7%
Brockport, NY8,39898-2%
Hamlin, NY5,50897-3%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Rockdale, TX5,50679-21%
Holdrege, NE5,50685-15%
Nassau Village-Ratliff, FL5,50695-5%
Rib Mountain, WI5,51295-5%
Belvedere, SC5,50484-16%
Hamlin, NY5,50897-3%
Source: The Hamlin, NY cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2015.