Jericho 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.
IndexJerichoNew YorkNational
Cost of living index183122100
IndexJerichoNew YorkNational
Goods & Services index126112100
Groceries index122103100
Health care index115104100
Housing index326149100
Transportation index100122100
Utilities index132102100
Here we can see a simple outline of the cost of living in Jericho, NY. As you can see, with the average cost of living in Jericho, NY being 183, that puts it 50% higher than the average of New York and 83% higher than our nation's average. This simple outline of the cost of living index was formulated using prices of: goods and services (weighted 33%), housing prices (weighted 30%), groceries (weighted 13%), utilities (weighted 10%), transportation (weighted 9%), and health care (weighted 5%). Thus, goods/services, along with housing influences the majority of the cost of living index. The price of daily goods and services is a valuable and reliable number to be aware of when considering the general price of the city's goods. In the case of Jericho, NY, the price of goods and services are 12% higher than the average of New York as well as 26% higher than the nation's average.

Did you know?

  • The cost of living in Jericho is 50% higher than the New York average.
  • The cost of living in Jericho is 83% higher than the national average.
  • The cost of housing in Jericho is 226% 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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Compare Jericho, NY Cost of living To Other Cities

Salary Calculator

This is how much you would need to earn in
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Health care index
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Using the salary calculator lets you compare the salary you earn in Jericho, 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 Jericho, NY, you have to earn a higher income in order to still have the same standard of living. To operate the Jericho, 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)
Owners$151,542$12,629$3,536$4,547
Renters$91,310$7,609$2,130$2,740
How much of your monthly income goes to housing can tell you whether or not you can afford housing in Jericho, NY, as well as what the average cost of living is. Generally, a good rule to follow is that the debt-to-income (DTI) level you want to maintain is 28 percent or less of your income on your rent or mortgage payment and not more than 36 percent of income on all expenses and debts. In Jericho, NY homeowners have a median income of $151,542. Using that number, you will come up with a maximum of $3,536 per month that can be spent on the cost of housing. For those who are renting instead of owning, the median income is $91,310, which means there is a maximum of $2,130 to be spent on the costs of renting a home or apartment.

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 Jericho, 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

ItemJerichoNational avg.Difference
Haircut $20.00$14.5937.0%
Beauty Salon $67.50$34.6894.6%
Toothpaste $4.04$2.4763.3%
Shampoo $0.88$1.0213.9%
Movie $14.75$9.8749.5%
Bowling $7.94$4.3980.8%

Groceries

ItemJerichoNational avg.Difference
Ground Beef $3.99$4.4810.9%
Fried Chicken $1.04$1.4629.0%
Milk $2.26$2.364.1%
Potatoes $3.92$3.0628.0%
Pizza $10.00$9.248.2%
Beer $9.82$8.6313.8%

Health Care

ItemJerichoNational avg.Difference
Optometrist $111.67$99.7811.9%
Doctor $123.75$105.0317.8%
Dentist $110.00$88.7024.0%
Ibuprofen $10.33$9.419.8%
Lipitor $299.00$298.500.2%

Housing

ItemJerichoNational avg.Difference
Home Price $667,600.00$175,700.00280.0%
Avg. Mortgage Payment $2,127.00$1,081.0396.8%
Apartment Rent $1,846.00$920.00100.7%

Transportation

ItemJerichoNational avg.Difference
Gasoline $2.06$2.091.5%
Tire Balancing $47.99$45.296.0%

Utilities

ItemJerichoNational avg.Difference
All Electricity$262.56$170.8053.7%
Phone $29.01$28.262.7%
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.
Greenville, NY5731044%
Baywood, NY7,68113232%
North Amityville, NY19,60813232%
North Bay Shore, NY19,99513232%
Wyandanch, NY11,18713333%
Jericho, NY13,44518383%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
St. Augustine, FL13,4401066%
Thonotosassa, FL13,46192-8%
Livingston, CA13,4611044%
Teays Valley, WV13,4611011%
Warrington, FL13,42887-13%
Jericho, NY13,44518383%
Source: The Jericho, NY cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2015.