Lloyd Harbor 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.
IndexLloyd HarborNew YorkNational
Cost of living index323120100
IndexLloyd HarborNew YorkNational
Goods & Services index122110100
Groceries index134105100
Health care index11499100
Housing index789149100
Transportation index111111100
Utilities index126102100
An overview of the general cost of living index for Lloyd Harbor, NY is displayed above for your reference. Residents in Lloyd Harbor, NY enjoy a cost of living index of 323. This index is 169% higher than the New York average, and 223% higher 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 Lloyd Harbor, NY, the average cost of goods and services is 11% higher than it is in New York, and it is 22% higher than the national average.

Did you know?

  • The cost of living in Lloyd Harbor is 169% higher than the New York average.
  • The cost of living in Lloyd Harbor is 223% higher than the national average.
  • The cost of housing in Lloyd Harbor is 689% 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 Lloyd Harbor, NY Cost of living To Other Cities

Salary Calculator

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Use the salary calculator to compare your current income in Lloyd Harbor, NY to any other city in the country. The calculator will tell you how much income you would need to make in a particular city to live at the same level based on the cost of living in each city. For example, if the cost of living in the city you are looking to move to is higher than that of Lloyd Harbor, NY, then you would need to earn a higher salary in order to enjoy the same standard of living. To use the Lloyd Harbor, NY salary calculator, enter the name of the new city, then move the slider to your current salary level. The salary calculator will do the rest and let you know if your salary would need to increase or decrease for the new city. You will also see a complete overview of the cost of living.

Median Income & Debt-To-Income Ratio

Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
Owners$210,104$17,509$4,902$6,304
Renters$95,900$7,992$2,238$2,877
How much of your monthly income goes to housing can tell you whether or not you can afford housing in Lloyd Harbor, 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 Lloyd Harbor, NY homeowners have a median income of $210,104. Using that number, you will come up with a maximum of $4,902 per month that can be spent on the cost of housing. For those who are renting instead of owning, the median income is $95,900, which means there is a maximum of $2,238 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 assessing the complete cost of living in Lloyd Harbor, NY, the New York income tax and the New York sales tax percentages should unquestionably be taken into consideration. Sales taxes aren't just levies imposed onto sold goods, but they also include taxes that are charged when services are provided for a fee. The rates are different from state to state and can run has high as 7 percent. Some states have no sales tax at all. The New York maximum surtax is 8.875%, and the New York sales tax is 4%. By contrast, income tax is an unfortunate obligation that is charged by the government against earnings. Just like sales taxes, the rates for income taxes differ from state to state. They also decrease or increase according to the individual's tax bracket. Tax rates can run as high as 9 percent, with a minimum of zero. Income tax rates range from 4% to 8.82% in New York.

Goods & Services

ItemLloyd HarborNational avg.Difference
Haircut $19.59$15.5625.9%
Beauty Salon $64.49$36.1178.6%
Toothpaste $3.04$2.4722.8%
Shampoo $0.98$0.961.2%
Movie $12.88$10.1327.2%
Bowling $7.01$4.7448.0%

Groceries

ItemLloyd HarborNational avg.Difference
Ground Beef $5.75$3.9844.3%
Fried Chicken $1.66$1.4117.7%
Milk $2.70$2.0630.8%
Potatoes $5.37$2.9880.1%
Pizza $9.80$9.473.4%
Beer $9.94$8.7913.0%

Health Care

ItemLloyd HarborNational avg.Difference
Optometrist $114.84$101.0413.7%
Doctor $124.85$107.4416.2%
Dentist $110.04$90.4221.7%
Ibuprofen $10.40$9.2812.1%
Lipitor $413.65$426.503.0%

Housing

ItemLloyd HarborNational avg.Difference
Home Price $1,386,300.00$175,700.00689.0%
Avg. Mortgage Payment $2,269.26$1,133.23100.2%
Apartment Rent $0.00$920.00100.0%

Transportation

ItemLloyd HarborNational avg.Difference
Gasoline $2.19$1.9910.0%
Tire Balancing $52.50$45.7614.7%

Utilities

ItemLloyd HarborNational avg.Difference
All Electricity$237.81$163.8145.2%
Phone $29.01$28.392.2%
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.
Central Islip, NY36,23313232%
Brentwood, NY59,43613232%
Baywood, NY7,68113333%
North Bay Shore, NY19,99513333%
Wyandanch, NY11,18713333%
Lloyd Harbor, NY3,684323223%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Herculaneum, MO3,68495-5%
Dillonvale, OH3,68591-9%
Lawnton, PA3,68598-2%
Bawcomville, LA3,68284-16%
Hainesville, IL3,6821099%
Lloyd Harbor, NY3,684323223%
Source: The Lloyd Harbor, NY cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2016.