Malone 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.
IndexMaloneNew YorkNational
Cost of living index94120100
IndexMaloneNew YorkNational
Goods & Services index110110100
Groceries index108105100
Health care index10599100
Housing index52149100
Transportation index117111100
Utilities index122102100
Here we can see a simple outline of the cost of living in Malone, NY. As you can see, with the average cost of living in Malone, NY being 94, that puts it 22% lower than the average of New York and 6% lower 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 Malone, NY, the price of goods and services are equal to the average of New York as well as 10% higher than the nation's average.

Did you know?

  • The cost of living in Malone is 22% lower than the New York average.
  • The cost of living in Malone is 6% lower than the national average.
  • The cost of housing in Malone is 48% 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

This is how much you would need to earn in
Price difference in compared to
Cost of living index
Goods & Services index
Groceries index
Health care index
Housing index
Transportation index
Utilities index
The salary calculator is meant to help you compare your salary in Malone, NY to your potential earning power in another city. This can help you deduce what your salary would need to be in any given city in order for you to live the same lifestyle that you do in your current city. In other words, if you plan on moving to a city where the cost of living is higher than in Malone, NY, you'll have to make more money in the new city in order to maintain the lifestyle you currently enjoy. To use the Malone, NY salary calculator, simply input the new city, then move the adjustable slider to match your current income. Once you've selected your income, the calculator will determine if that income is sufficient to support your standard of living in the new city you entered. The calculator will also supply you with a rundown of living costs in the new city.

Median Income & Debt-To-Income Ratio

Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
If you want to find a good determining factor for the cost of living and the general affordability of housing in Malone, NY, all you must look at is the percentage of monthly income that should be spent on housing expenses, otherwise known as the debt-to-income ratio (DTI). Generally speaking, no more than 28 percent of your total gross income should be spent on your housing expenses and not more than 36 percent of your gross income on total expenses, including debts. In Malone, NY, the median monthly income is $60,625 for those who own their own homes. Under the standard rule, that income level would allow for $1,414 to be budgeted for housing expenses each month, at the most. Renters, on the other hand, earn about $20,568, per the median income in the area. That would allow for renters to spend up to $480 on monthly rental expenses.

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 considering the overall cost of living expenses in Malone, NY, it's important to take into account the sales tax for New York, as well as the rate for income tax in New York. Goods and services sold to consumers in any state have some form of sales tax. Each state has its own tax code, which means that sales tax rates vary from state to state, ranging from over 7% in some states to as low as 0% in others. The maximum surtax for New York is 8.875%, and the sales tax in the state of New York is 4%. Alternatively, the tax imposed on your income by the state government is known as income tax. The rate for this tax also varies from state to state, and your rate is affected by your tax bracket, which is determined by your level of income. Income tax rates might be as high as 9%, down to as low as 0%. The range for income tax rates in New York starts from 4% and goes up to 8.82%.

Goods & Services

ItemMaloneNational avg.Difference
Haircut $23.00$15.5647.8%
Beauty Salon $49.33$36.1136.6%
Toothpaste $2.16$2.4712.8%
Shampoo $1.05$0.969.2%
Movie $9.88$10.132.4%
Bowling $3.75$4.7420.8%


ItemMaloneNational avg.Difference
Ground Beef $3.95$3.980.9%
Fried Chicken $1.56$1.4110.9%
Milk $2.55$2.0623.4%
Potatoes $3.02$2.981.4%
Pizza $11.99$9.4726.6%
Beer $9.10$8.793.5%

Health Care

ItemMaloneNational avg.Difference
Optometrist $128.10$101.0426.8%
Doctor $113.84$107.446.0%
Dentist $94.00$90.424.0%
Ibuprofen $9.22$9.280.6%
Lipitor $420.45$426.501.4%


ItemMaloneNational avg.Difference
Home Price $79,700.00$175,700.0054.6%
Avg. Mortgage Payment $1,741.19$1,133.2353.6%
Apartment Rent $635.00$920.0031.0%


ItemMaloneNational avg.Difference
Gasoline $2.19$1.999.9%
Tire Balancing $60.64$45.7632.5%


ItemMaloneNational avg.Difference
All Electricity$228.30$163.8139.4%
Phone $28.00$28.391.4%
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.
St. Regis Falls, NY38491-9%
Brushton, NY54692-8%
Chateaugay, NY63993-7%
Burke, NY16693-7%
Fort Covington Hamlet, NY1,54294-6%
Malone, NY5,86694-6%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Nibley, UT5,86698-2%
Marlin, TX5,86777-23%
Lake Bluff, IL5,86716464%
Bensley, VA5,86592-8%
Chamberlayne, VA5,8671044%
Malone, NY5,86694-6%
Source: The Malone, NY cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2016.