A general overview of the cost of living index for Inwood, NY is displayed above. In Inwood, NY, the overall cost of living index is 154, which is 29% higher than the New York average and 54% higher 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 Inwood, NY, the city's goods and services are 34% higher than the New York average and 48% higher than the U.S. average.