Irvington, NY Cost Of Living

Irvington 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.
Index	Irvington	New York	National
Cost of living index	171	119	100
Index	Irvington	New York	National
Goods & Services index	122	109	100
Groceries index	109	108	100
Health care index	114	99	100
Housing index	299	145	100
Transportation index	115	108	100
Utilities index	112	102	100

The above illustration supplies generalized information for the Irvington, NY cost of living index. Compared to other cities in New York and cities across the country, the cost of living index in Irvington, NY is 171, which is 44% higher than the New York average and 71% higher 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 Irvington, NY are 11% higher than the average for New York and 22% higher than the rest of the country.

Did you know?

The cost of living in Irvington is 44% higher than the New York average.
The cost of living in Irvington is 71% higher than the national average.
The cost of housing in Irvington is 199% higher 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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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 meant to help you compare your salary in Irvington, 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 Irvington, NY, you'll have to make more money in the new city in order to maintain the lifestyle you currently enjoy. To use the Irvington, 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 Income	Per Year	Per Month	Max Budget (28% DTI)	Max Budget (36% DTI)
Owners	$138,333	$11,528	$3,228	$4,150
Renters	$43,537	$3,628	$1,016	$1,306

If you want to find a good determining factor for the cost of living and the general affordability of housing in Irvington, 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 Irvington, NY, the median monthly income is $138,333 for those who own their own homes. Under the standard rule, that income level would allow for $3,228 to be budgeted for housing expenses each month, at the most. Renters, on the other hand, earn about $43,537, per the median income in the area. That would allow for renters to spend up to $1,016 on monthly rental expenses.

New York Sales Tax

State	General Sales Tax	With Max Surtax
New York	4%	8.875%

New York Income Tax

State	Income Tax (Low)	Income Tax (High)
New York	4%	8.82%

For those who live in Irvington, 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

Item	Irvington	National avg.	Difference
Haircut	$19.87	$16.09	23.6%
Beauty Salon	$64.81	$37.33	73.6%
Toothpaste	$3.03	$2.45	23.8%
Shampoo	$0.99	$1.00	0.6%
Movie	$12.69	$10.28	23.4%
Bowling	$7.03	$4.93	42.5%

Groceries

Item	Irvington	National avg.	Difference
Ground Beef	$4.10	$3.80	7.7%
Fried Chicken	$1.44	$1.40	3.3%
Milk	$1.96	$2.01	2.6%
Potatoes	$3.47	$3.01	15.4%
Pizza	$9.98	$9.89	0.9%
Beer	$10.01	$8.90	12.6%

Health Care

Item	Irvington	National avg.	Difference
Optometrist	$115.59	$102.16	13.2%
Doctor	$124.71	$108.36	15.1%
Dentist	$112.48	$92.53	21.6%
Ibuprofen	$10.51	$9.28	13.3%
Lipitor	$413.07	$425.82	3.0%

Housing

Item	Irvington	National avg.	Difference
Home Price	$648,300.00	$184,700.00	251.0%
Avg. Mortgage Payment	$2,408.75	$1,202.44	100.3%
Apartment Rent	$1,680.00	$949.00	77.0%

Transportation

Item	Irvington	National avg.	Difference
Gasoline	$2.55	$2.24	13.7%
Tire Balancing	$54.89	$46.29	18.6%

Utilities

Item	Irvington	National avg.	Difference
All Electricity	$200.20	$165.96	20.6%
Phone	$29.17	$28.68	1.7%

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, State	Population	Cost of Living Index	National Avg.
Greenville CDP (Greene County), NY	604	109	9%
Mount Ivy, NY	6,792	122	22%
Spring Valley, NY	32,415	122	22%
Haverstraw, NY	12,120	123	23%
West Haverstraw, NY	10,334	125	25%
Irvington, NY	6,559	171	71%

Cities with similar population

City, State	Population	Cost of Living Index	National Avg.
Gridley, CA	6,558	102	2%
Crockett, TX	6,561	85	-15%
Osprey, FL	6,561	130	30%
Lionville, PA	6,557	119	19%
Youngtown, AZ	6,563	95	-5%
Irvington, NY	6,559	171	71%

Source: The Irvington, NY cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for 2017.

Irvington, NY Cost of Living