Ithaca 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.
IndexIthacaNew YorkNational
Cost of living index107122100
IndexIthacaNew YorkNational
Goods & Services index100112100
Groceries index104103100
Health care index112104100
Housing index114149100
Transportation index123122100
Utilities index91102100
A general summary of the cost of living index in Ithaca, NY is shown above. Compared to the state average of New York the cost of living index in Ithaca, NY is 107, which is 13% lower than the average in New York and compared to the national average it is 7% higher than. The cost of living index is made up of several categories. These are transportation at 9%, utilities at 10%, goods and services at 33%, housing at 30%, groceries at 13%, and health care at 5%. The bulk of the cost of living index comes from the categories of goods and services and housing. If you look at everyday goods and services they can be a good indicator in a certain city of the general costs of goods there. In Ithaca, NY goods and services come in at 11% lower than the average in New York and are equal to compared to the nationwide average.

Did you know?

  • The cost of living in Ithaca is 13% lower than the New York average.
  • The cost of living in Ithaca is 7% higher than the national average.
  • The cost of housing in Ithaca is 14% 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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Salary Calculator

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Groceries index
Health care index
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Transportation index
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The salary calculator is meant to help you compare your salary in Ithaca, 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 Ithaca, NY, you'll have to make more money in the new city in order to maintain the lifestyle you currently enjoy. To use the Ithaca, 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$80,307$6,692$1,874$2,409
Renters$19,677$1,640$459$590
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 Ithaca, 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. Ithaca, NY has a median income of about $80,307 for people who own homes. Based on that number, a person should spend a maximum of $1,874 on expenses related to housing. Renters have a slightly different median income, which is $19,677. Based on this average, renters should spend no more than $459 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 Ithaca, 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

ItemIthacaNational avg.Difference
Haircut $15.75$14.597.9%
Beauty Salon $34.25$34.681.2%
Toothpaste $3.08$2.4724.5%
Shampoo $1.51$1.0247.7%
Movie $10.50$9.876.4%
Bowling $4.00$4.398.9%

Groceries

ItemIthacaNational avg.Difference
Ground Beef $4.41$4.481.5%
Fried Chicken $1.62$1.4610.7%
Milk $1.90$2.3619.4%
Potatoes $3.24$3.065.8%
Pizza $8.00$9.2413.4%
Beer $9.59$8.6311.1%

Health Care

ItemIthacaNational avg.Difference
Optometrist $109.00$99.789.2%
Doctor $143.69$105.0336.8%
Dentist $87.00$88.701.9%
Ibuprofen $9.48$9.410.7%
Lipitor $320.90$298.507.5%

Housing

ItemIthacaNational avg.Difference
Home Price $205,700.00$175,700.0017.1%
Avg. Mortgage Payment $1,281.68$1,081.0318.6%
Apartment Rent $989.00$920.007.5%

Transportation

ItemIthacaNational avg.Difference
Gasoline $2.63$2.0926.0%
Tire Balancing $51.93$45.2914.7%

Utilities

ItemIthacaNational avg.Difference
All Electricity$179.24$170.804.9%
Phone $19.99$28.2629.3%
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.
Interlaken, NY63887-13%
Candor, NY72289-11%
Odessa, NY66690-10%
Groton, NY2,46990-10%
Newfield Hamlet, NY65991-9%
Ithaca, NY30,3991077%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Miami Lakes, FL30,39612323%
Des Moines, WA30,40311616%
Chicago Heights, IL30,41092-8%
Clearfield, UT30,36196-4%
North Royalton, OH30,3531033%
Ithaca, NY30,3991077%
Source: The Ithaca, NY cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2015.