Mastic Beach 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.
IndexMastic BeachNew YorkNational
Cost of living index125122100
IndexMastic BeachNew YorkNational
Goods & Services index126112100
Groceries index122103100
Health care index115104100
Housing index132149100
Transportation index100122100
Utilities index132102100
Displayed above is a general overview of the Mastic Beach, NY cost of living index. The overall cost of living index in Mastic Beach, NY is 125, which is 2% higher than the New York average and 25% higher than the national average. The cost of living index is created from the following categories: goods/services (33%), groceries (13%), health care (5%), housing (30%), transportation (9%) and utilities (10%). As you can see, goods/services and housing make up the majority of the overall cost of living index. Everyday goods and services can be a good indicator of the general cost of goods in a given city. In this case, the goods and services in Mastic Beach, NY are 12% higher than the New York average and 26% higher than the national average.

Did you know?

  • The cost of living in Mastic Beach is 2% higher than the New York average.
  • The cost of living in Mastic Beach is 25% higher than the national average.
  • The cost of housing in Mastic Beach is 32% 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.

Find Real Estate Listings In Mastic Beach

Location
Price
Bedrooms
Bathrooms
 

New Real Estate Listings In Mastic Beach

Compare Mastic Beach, NY Cost of living To Other Cities

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 used in order to provide a comparison of your current salary in Mastic Beach, 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 Mastic Beach, NY, you would have to earn a higher income to maintain a standard of living that is similar. To get started with the Mastic Beach, 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)
Owners$80,455$6,705$1,877$2,414
Renters$37,670$3,139$879$1,130
One can approximate the cost of living and the housing affordability in Mastic Beach, NY by the percentage of a person’s income that he or she spends on the monthly housing, otherwise known as the debt-to-income ratio (DTI). To stay on the safe side and keep one’s head above the water, a consumer should never spend more than 28 percent of his or her gross income on housing-related expenses and costs and not more than 36 percent of income on all expenses and debts. Homeowners in Mastic Beach, NY have a median income of $80,455. Therefore, the amount that a consumer should spend on housing costs should be no more than $1,877 per month to avoid calamity and poverty. The renters in the city have an income of about $37,670, which would make their monthly maximum allowable rental costs $879.

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 Mastic Beach, 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

ItemMastic BeachNational avg.Difference
Haircut $20.00$14.5937.0%
Beauty Salon $67.50$34.6894.6%
Toothpaste $4.04$2.4763.3%
Shampoo $0.88$1.0213.9%
Movie $14.75$9.8749.5%
Bowling $7.94$4.3980.8%

Groceries

ItemMastic BeachNational avg.Difference
Ground Beef $3.99$4.4810.9%
Fried Chicken $1.04$1.4629.0%
Milk $2.26$2.364.1%
Potatoes $3.92$3.0628.0%
Pizza $10.00$9.248.2%
Beer $9.82$8.6313.8%

Health Care

ItemMastic BeachNational avg.Difference
Optometrist $111.67$99.7811.9%
Doctor $123.75$105.0317.8%
Dentist $110.00$88.7024.0%
Ibuprofen $10.33$9.419.8%
Lipitor $299.00$298.500.2%

Housing

ItemMastic BeachNational avg.Difference
Home Price $195,400.00$175,700.0011.2%
Avg. Mortgage Payment $2,127.00$1,081.0396.8%
Apartment Rent $1,658.00$920.0080.2%

Transportation

ItemMastic BeachNational avg.Difference
Gasoline $2.06$2.091.5%
Tire Balancing $47.99$45.296.0%

Utilities

ItemMastic BeachNational avg.Difference
All Electricity$262.56$170.8053.7%
Phone $29.01$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.
Riverside, NY6311022%
Riverside CDP, NY4,9951077%
Northville, NY1,112100-0%
Calverton, NY6,37212626%
Ridge, NY12,92112828%
Mastic Beach, NY14,88012525%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Midlothian, IL14,9011022%
Millbrook, AL14,85893-7%
El Sobrante CDP (Riverside County), CA14,85514949%
Cahokia, IL14,90585-15%
Dumas, TX14,90883-17%
Mastic Beach, NY14,88012525%
Source: The Mastic Beach, NY cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2015.