Herkimer 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.
IndexHerkimerNew YorkNational
Cost of living index89120100
IndexHerkimerNew YorkNational
Goods & Services index103110100
Groceries index96105100
Health care index9999100
Housing index52149100
Transportation index101111100
Utilities index124102100
The above illustration supplies generalized information for the Herkimer, NY cost of living index. Compared to other cities in New York and cities across the country, the cost of living index in Herkimer, NY is 89, which is 26% lower than the New York average and 11% lower 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 Herkimer, NY are 6% lower than the average for New York and 3% higher than the rest of the country.

Did you know?

  • The cost of living in Herkimer is 26% lower than the New York average.
  • The cost of living in Herkimer is 11% lower than the national average.
  • The cost of housing in Herkimer is 48% 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
Price difference in compared to
Cost of living index
Goods & Services index
Groceries index
Health care index
Housing index
Transportation index
Utilities index
Using the salary calculator lets you compare the salary you earn in Herkimer, NY to what it is in other cities. It will let you know what your earnings would have to be in another city to have the same standard of living, as determined by the cost of living in each city. For example, if the cost of living in the area you want to move to is higher than the cost of living in Herkimer, NY, you have to earn a higher income in order to still have the same standard of living. To operate the Herkimer, NY salary calculator, put in the name of the other city, then move the slider to the point that represents the current income. The salary calculator will take care of the rest and tell you how much more or less you must earn in the new city. A Total breakdown of the cost of living is also provided.

Median Income & Debt-To-Income Ratio

Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
If you want to find a good determining factor for the cost of living and the general affordability of housing in Herkimer, 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 Herkimer, NY, the median monthly income is $53,617 for those who own their own homes. Under the standard rule, that income level would allow for $1,251 to be budgeted for housing expenses each month, at the most. Renters, on the other hand, earn about $21,568, per the median income in the area. That would allow for renters to spend up to $503 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 Herkimer, 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

ItemHerkimerNational avg.Difference
Haircut $11.89$15.5623.6%
Beauty Salon $23.76$36.1134.2%
Toothpaste $2.11$2.4714.5%
Shampoo $0.96$0.961.0%
Movie $9.48$10.136.3%
Bowling $4.06$4.7414.3%


ItemHerkimerNational avg.Difference
Ground Beef $3.67$3.987.8%
Fried Chicken $1.41$1.410.1%
Milk $2.14$2.063.8%
Potatoes $3.52$2.9818.0%
Pizza $9.67$9.472.0%
Beer $9.03$8.792.7%

Health Care

ItemHerkimerNational avg.Difference
Optometrist $119.86$101.0418.6%
Doctor $109.25$107.441.7%
Dentist $85.05$90.425.9%
Ibuprofen $8.94$9.283.6%
Lipitor $415.04$426.502.7%


ItemHerkimerNational avg.Difference
Home Price $82,100.00$175,700.0053.3%
Avg. Mortgage Payment $1,074.41$1,133.235.2%
Apartment Rent $606.00$920.0034.1%


ItemHerkimerNational avg.Difference
Gasoline $2.09$1.994.7%
Tire Balancing $42.21$45.767.8%


ItemHerkimerNational avg.Difference
All Electricity$138.90$163.8115.2%
Phone $50.41$28.3977.6%
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.
Bridgewater, NY52287-13%
Little Falls, NY4,90988-12%
Dolgeville, NY2,08688-12%
Ilion, NY7,96889-11%
Clayville, NY38789-11%
Herkimer, NY7,75289-11%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Hyrum, UT7,75192-8%
Templeton, CA7,75313535%
Fairfield Glade, TN7,7541022%
Innsbrook, VA7,74911111%
Hales Corners, WI7,7491066%
Herkimer, NY7,75289-11%
Source: The Herkimer, NY cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2016.