Mahopac 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.
IndexMahopacNew YorkNational
Cost of living index143120100
IndexMahopacNew YorkNational
Goods & Services index122110100
Groceries index134105100
Health care index11499100
Housing index191149100
Transportation index111111100
Utilities index126102100
A general overview of the cost of living index for Mahopac, NY is displayed above. In Mahopac, NY, the overall cost of living index is 143, which is 19% higher than the New York average and 43% higher than the U.S. average. The following categories are used to calculate the overall cost of living index: goods/services (33%), housing (30%), groceries (13%), utilities (10%), transportation (9%) and health care (5%). From the list, it is clear that the categories of goods/services and housing are responsible for the largest portions of the overall cost of living index. As a general rule, everyday goods and services provide an accurate measure of the general cost of goods in any given city. In the case of Mahopac, NY, the city's goods and services are 11% higher than the New York average and 22% higher than the U.S. average.

Did you know?

  • The cost of living in Mahopac is 19% higher than the New York average.
  • The cost of living in Mahopac is 43% higher than the national average.
  • The cost of housing in Mahopac is 91% 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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Use the salary calculator to compare your current salary in Mahopac, NY to any other city. The salary calculator will tell you how much you would need to earn in any given city to maintain the same standard of living based on the cost of living in each city. For example, if the cost of living in the city you are looking to relocate to is higher than the cost of living in Mahopac, NY, then you would need to earn more income in order to maintain the same standard of living. To use the Mahopac, NY salary calculator, simply enter in the name of the new city, then adjust the slider to your current income. The salary calculator will do the rest and let you know if you need to earn more or less in the new city. You will also see a complete breakdown of the cost of living.

Median Income & Debt-To-Income Ratio

Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
Owners$128,233$10,686$2,992$3,847
Renters$31,750$2,646$741$953
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 Mahopac, 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. Mahopac, NY has a median income of about $128,233 for people who own homes. Based on that number, a person should spend a maximum of $2,992 on expenses related to housing. Renters have a slightly different median income, which is $31,750. Based on this average, renters should spend no more than $741 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%
One thing to keep in mind when considering the cost of living in Mahopac, NY is the New York sales tax and New York income tax rates. Sales taxes are taxes that are collected on most goods or services sold. Sales taxes can vary by state and can be as high as 7% and as low as 0% as not every state imposes a sales tax. The New York sales tax rate is 4% and the maximum surtax that can be charged is 8.875%. Income tax is the tax imposed on income by both the federal and state government. The income tax rates varies by individual state and will also be higher or lower depending on the applicable tax bracket. The rates of state income tax can vary from 0% to more than 9%. The New York income tax rates range from 4% to 8.82%.

Goods & Services

ItemMahopacNational 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

ItemMahopacNational 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

ItemMahopacNational 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

ItemMahopacNational avg.Difference
Home Price $372,400.00$175,700.00112.0%
Avg. Mortgage Payment $2,269.26$1,133.23100.2%
Apartment Rent $1,306.00$920.0042.0%

Transportation

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

Utilities

ItemMahopacNational 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.
Watchtower, NY2,56612323%
Newburgh, NY28,61411717%
Highland Falls, NY3,85211515%
New Windsor, NY8,52011515%
Beacon, NY14,43712525%
Mahopac, NY7,75514343%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Lowell, AR7,75688-12%
Fairfield Glade, TN7,7541022%
Old Town, ME7,75697-3%
Templeton, CA7,75313535%
Herkimer, NY7,75289-11%
Mahopac, NY7,75514343%
Source: The Mahopac, NY cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2016.