Lockport 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.
IndexLockportNew YorkNational
Cost of living index81122100
IndexLockportNew YorkNational
Goods & Services index85112100
Groceries index88103100
Health care index89104100
Housing index53149100
Transportation index117122100
Utilities index101102100
The above illustration supplies generalized information for the Lockport, NY cost of living index. Compared to other cities in New York and cities across the country, the cost of living index in Lockport, NY is 81, which is 34% lower than the New York average and 19% lower 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 Lockport, NY are 24% lower than the average for New York and 15% lower than the rest of the country.

Did you know?

  • The cost of living in Lockport is 34% lower than the New York average.
  • The cost of living in Lockport is 19% lower than the national average.
  • The cost of housing in Lockport is 47% 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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The salary calculator is used in order to provide a comparison of your current salary in Lockport, NY to another city of your choice. The calculator will inform you of what your salary needs to be in any specific city in order for you to maintain your living standard based on what the city’s cost of living is. As an example, if you are seeking to move to a city that has a higher cost of living compared to Lockport, NY, you would have to earn a higher income to maintain a standard of living that is similar. To get started with the Lockport, NY salary calculator, input the new city’s name and then move the slider to indicate your current income. The salary calculator will now process the numbers and show you whether you need to earn more or less in the chosen city. A comprehensive breakdown of the cost of living will also be shown.

Median Income & Debt-To-Income Ratio

Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
The affordability of the housing market in Lockport, NY as well as the overall cost of living can be indicated accurately by what percent of the monthly income is spent on housing related costs. This is konwn as the debt-to-income ratio (DTI). The overall rule of thumb is that no more than 28% of your gross income should ever be used on the overall costs related to housing and no more than 36% of gross income on all expenses and debts. Among Lockport, NY homeowners, the median income is $57,451. This indicates that a monthly maximum of $1,340 should be spent by homeowners on all housing related costs. Renters have a median income of $23,962. This indicates that renters should have a maximum of $559 used for their rent related monthly 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 Lockport, 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

ItemLockportNational 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%


ItemLockportNational 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

ItemLockportNational 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%


ItemLockportNational avg.Difference
Home Price $80,800.00$175,700.0054.0%
Avg. Mortgage Payment $1,155.06$1,081.036.8%
Apartment Rent $646.00$920.0029.8%


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


ItemLockportNational 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.
South Lockport, NY8,25580-20%
Newfane, NY3,60081-19%
Middleport, NY1,70694-6%
Barker, NY70581-19%
Gasport, NY99482-18%
Lockport, NY20,95781-19%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Rotterdam, NY20,9561055%
Salmon Creek, WA20,98511818%
Washington, UT20,9991033%
Leesburg, FL20,91591-9%
Cockeysville, MD21,00611717%
Lockport, NY20,95781-19%
Source: The Lockport, NY cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2015.