Ilion 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.
IndexIlionNew YorkNational
Cost of living index93122100
IndexIlionNew YorkNational
Goods & Services index118112100
Groceries index99103100
Health care index101104100
Housing index52149100
Transportation index115122100
Utilities index96102100
A general overview of the cost of living index for Ilion, NY is displayed above. In Ilion, NY, the overall cost of living index is 93, which is 24% lower than the New York average and 7% lower than the U.S. average. The following categories are used to calculate the overall cost of living index: goods/services (33%), housing (30%), groceries (13%), utilities (10%), transportation (9%) and health care (5%). From the list, it is clear that the categories of goods/services and housing are responsible for the largest portions of the overall cost of living index. As a general rule, everyday goods and services provide an accurate measure of the general cost of goods in any given city. In the case of Ilion, NY, the city's goods and services are 5% higher than the New York average and 18% higher than the U.S. average.

Did you know?

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

Find Real Estate Listings In Ilion

Location
Price
Bedrooms
Bathrooms
 

New Real Estate Listings In Ilion

Compare Ilion, 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 is used in order to provide a comparison of your current salary in Ilion, NY to another city of your choice. The calculator will inform you of what your salary needs to be in any specific city in order for you to maintain your living standard based on what the city’s cost of living is. As an example, if you are seeking to move to a city that has a higher cost of living compared to Ilion, NY, you would have to earn a higher income to maintain a standard of living that is similar. To get started with the Ilion, NY salary calculator, input the new city’s name and then move the slider to indicate your current income. The salary calculator will now process the numbers and show you whether you need to earn more or less in the chosen city. A comprehensive breakdown of the cost of living will also be shown.

Median Income & Debt-To-Income Ratio

Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
Owners$58,872$4,906$1,374$1,766
Renters$28,500$2,375$665$855
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 Ilion, 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. Ilion, NY has a median income of about $58,872 for people who own homes. Based on that number, a person should spend a maximum of $1,374 on expenses related to housing. Renters have a slightly different median income, which is $28,500. Based on this average, renters should spend no more than $665 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%
When you are determining the total cost of living in Ilion, NY you will want to make sure you consider both the New York sales tax and the New York income tax rates. Sales tax come in the form of taxes levied on both services and goods that are sold. The sales tax rates are different state to state and range from zero sales tax to higher than 7%. The sales tax in New York is 4%, with the highest surtax being 8.875%. Tax that is on income by the government is income tax. Different states have different income tax rates and these rates can be higher or lower dependent on the corresponding tax bracket. The state income tax rates are different state to state and range from no income tax to more than 9% income tax. The income tax rates in New York have a range from 4% to 8.82%.

Goods & Services

ItemIlionNational 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

ItemIlionNational 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

ItemIlionNational 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

ItemIlionNational avg.Difference
Home Price $81,500.00$175,700.0053.6%
Avg. Mortgage Payment $1,315.97$1,081.0321.7%
Apartment Rent $607.00$920.0034.0%

Transportation

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

Utilities

ItemIlionNational 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.
Bridgewater, NY52286-14%
Little Falls, NY4,90992-8%
Dolgeville, NY2,08692-8%
Herkimer, NY7,75293-7%
Clayville, NY38788-12%
Ilion, NY7,96893-7%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Jefferson, WI7,96895-5%
Oak Brook, IL7,96718888%
Williamsburg, FL7,9731011%
Independent Hill, VA7,97314141%
Warrenton, MO7,97492-8%
Ilion, NY7,96893-7%
Source: The Ilion, NY cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2015.