Lancaster 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.
IndexLancasterNew YorkNational
Cost of living index85122100
IndexLancasterNew YorkNational
Goods & Services index85112100
Groceries index88103100
Health care index89104100
Housing index68149100
Transportation index117122100
Utilities index101102100
An overview of the general cost of living index for Lancaster, NY is displayed above for your reference. Residents in Lancaster, NY enjoy a cost of living index of 85. This index is 30% lower than the New York average, and 15% lower than the national average. The following categories are used when determining the cost of living index for any given city: health care (5%), transportation (9%), utilities (10%), groceries (13%), housing (30%), and goods/services (33%). Clearly, housing and goods/services make up the majority of the formula for calculating the cost of living index. Because of this, the general cost of living for any given area can be estimated by looking at the cost of everyday goods in that area. For those living in Lancaster, NY, the average cost of goods and services is 24% lower than it is in New York, and it is 15% lower than the national average.

Did you know?

  • The cost of living in Lancaster is 30% lower than the New York average.
  • The cost of living in Lancaster is 15% lower than the national average.
  • The cost of housing in Lancaster is 32% 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.

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Salary Calculator

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Health care index
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The salary calculator allows you to compare how much your current salary in Lancaster, NY would be worth in another city. In other words, the salary calculator will adjust the figure you enter for cost of living so that you can determine how much more or much less you would need to earn while maintaining your current quality of living. If you are considering relocating to a more expensive city than Lancaster, NY, the calculator will tell you how much more you need to earn so you can assess job offers more accurately. The Lancaster, NY salary calculator is easy to use. All you do is enter the name of another city, then move the slider to your current income. After that, the salary calculator will crunch the numbers for you and give you the information you need about the place you are considering going. Additionally, it will show a detailed breakdown of the cost of living.

Median Income & Debt-To-Income Ratio

Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
Owners$68,731$5,728$1,604$2,062
Renters$29,550$2,463$689$887
The percent of monthly income spent on housing can be a good indicator of the affordability of housing in Lancaster, NY as well as the overall cost of living. As a general rule of thumb, the debt-to-income ratio (DTI) for homeowners or renters should be not more than 28 percent of gross income to be spent on housing related costs and not more than 36 percent of income on all expenses, including debts. The median income for Lancaster, NY homeowners, is $68,731. This would allow for a maximum of $1,604 per month to be spent on housing costs. For renters, the median monthly income is $29,550 which would result in a maximum of $689 to be spent on rental costs.

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 Lancaster, 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

ItemLancasterNational avg.Difference
Haircut $14.78$14.591.3%
Beauty Salon $24.99$34.6827.9%
Toothpaste $1.49$2.4739.8%
Shampoo $0.87$1.0214.9%
Movie $10.62$9.877.6%
Bowling $2.90$4.3934.0%

Groceries

ItemLancasterNational avg.Difference
Ground Beef $3.74$4.4816.5%
Fried Chicken $1.14$1.4622.1%
Milk $1.82$2.3622.8%
Potatoes $2.19$3.0628.5%
Pizza $8.00$9.2413.4%
Beer $7.73$8.6310.5%

Health Care

ItemLancasterNational avg.Difference
Optometrist $55.25$99.7844.6%
Doctor $80.50$105.0323.4%
Dentist $78.80$88.7011.2%
Ibuprofen $7.98$9.4115.2%
Lipitor $335.79$298.5012.5%

Housing

ItemLancasterNational avg.Difference
Home Price $118,100.00$175,700.0032.8%
Avg. Mortgage Payment $1,155.06$1,081.036.8%
Apartment Rent $652.00$920.0029.1%

Transportation

ItemLancasterNational avg.Difference
Gasoline $2.74$2.0931.2%
Tire Balancing $35.11$45.2922.5%

Utilities

ItemLancasterNational avg.Difference
All Electricity$177.83$170.804.1%
Phone $27.50$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.
Buffalo, NY259,95980-20%
Sloan, NY3,64280-20%
Lackawanna, NY18,03781-19%
Tonawanda, NY15,04882-18%
Blasdell, NY2,56582-18%
Lancaster, NY10,31485-15%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Maynard, MA10,31413838%
Galion, OH10,31479-21%
Bay St. Louis, MS10,31394-6%
Broomall, PA10,31213030%
West Perrine, FL10,317100-0%
Lancaster, NY10,31485-15%
Source: The Lancaster, NY cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2015.