F
41%
Overall NAT. AVG.
13%
Goods & Services NAT. AVG.
107%
Housing NAT. AVG.
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Date & Last Updated: This data reflects 2023 and was released from C2ER in January, 2024; this is the most current data available.
The cost of living index is based on a national average of 100. For example, if the cost of living is 90, then it is 10% lower than average. If the cost of living is 110, then it is 10% higher than average. The breakdown for each index is as follows: goods & services (33%), groceries (13%), health care (5%), housing (30%), transportation (9%) and utilities (10%). If the cost of living data was unavailable for this city, estimates based upon nearby cities were used.
Index Mount Kisco New York National
Cost of living141117100
Goods & Services113108100
Groceries105102100
Health care110103100
Housing207145100
Transportation102105100
Utilities131100100

An Overview of Cost of Living in Mount Kisco, NY

Are you thinking about relocating, but curious about the potential cost of living in Mount Kisco? Is it more expensive or more affordable than average? Based on the most recent report, the cost of living in Mount Kisco stands at 141, making it 41% higher than the national average. The cost of living directly affects the affordability of one's desired lifestyle. Knowing the cost of housing, transportation, groceries and other essentials in the new area allows people to gauge whether they can maintain their preferred standard of living.

The cost of living in Mount Kisco is among the highest in the country, making it a very expensive place to live. Only a small fraction of regions boast a cost of living that is at least 20% higher than the national average, and regrettably, Mount Kisco falls into this category, which may not be suitable for those seeking an economically favorable living environment.

Housing costs are a major factor in the Mount Kisco cost of living index, and they often eat up a big chunk of your take-home pay. Unfortunately, in this area, housing expenses for both homeownership and rentals were 106.7% higher than what's typical in an average city. That includes the prices of homes and rents, as well as mortgage rates and insurance.

Goods and services make up 33% of the total cost of living index score and are a large part of your everyday expenses. These items could include things like haircuts, salons, toothpaste, shampoo, clothes, movies, bowling, gym memberships or yoga. In Mount Kisco, you can expect to pay 12.9% more than average for these items, making it a more expensive place to live.

Is Mount Kisco Affordable?

Is Mount Kisco affordable? This is a pivotal question, especially when mulling over a move, as affordability carries substantial weight in your decision-making process. Factors such as the cost of living index (discussed earlier), housing expenses and income levels all contribute to a location's affordability. For instance, in Mount Kisco, the median home price is 123% higher than the national average and monthly rent prices are 68.7% higher than the typical rates. Additionally, the median income levels play a role in affordability, with Mount Kisco boasting a median household income of $85,412, 54.4% higher than the national average.

What Factors can Influence the Cost of Living in Mount Kisco?

Transportation: If public transportation is limited or not available, residents may need to own and maintain vehicles, which can add to the cost of living. Gas, insurance, regular maintenance and potentially lease or finance payments will all need to be paid on a monthly basis. In Mount Kisco, the transportation index is 1.8% higher than the national average.

Utilities: Like everything else, utilities costs can range significantly depending on factors like climate, energy sources available, location and even state regulations. Things like electricity, water, heating and waste disposal costs can be higher or lower, depending on the city or state. The utilities index in Mount Kisco comes in at 31.4% higher than the national average.

Taxes: Cities that impose higher taxes, including sales and income taxes, can contribute to an escalated cost of living. The added expense of taxes on everyday goods like clothing and food naturally results in higher overall costs. Similarly, a higher income tax rate can further elevate the cost of living. In Mount Kisco, the general sales tax rate starts at 4%, and income tax rates begin at 4%.

Where is the Data From?

The Mount Kisco cost of living data displayed above is derived from the C2ER cost of living index to provide a useful and reasonably accurate measure of living cost differences in urban areas. The index takes into account data from 300 independent researches, covering more than 60 goods and services across 6 different categories, to create an overall index for each area, with 100 being the average. The C2ER index does not include sales or income tax rates in their data, however AreaVibes does include both income and sales tax rates in the overall cost of living score for each area.

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Cost Of Living Quick Facts

  • The cost of living in Mount Kisco is 20% higher than the New York average
  • The cost of living in Mount Kisco is 41% higher than the national average
  • Mount Kisco housing is 107% higher than the national average
  • New York general sales tax is 22% lower than the national average
  • New York state income tax is 77% higher than the national average

Most Affordable Places to Live in and Around Mount Kisco

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Compare Mount Kisco, NY Cost of Living

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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

      Median Income & Debt-To-Income Ratio

      Median Income Per Year Per Month Max Budget (28% DTI) Max Budget (36% DTI)
      Owners$97,548$8,129$2,276$2,927
      Renters$68,113$5,676$1,589$2,044
      A good indicator of the general affordability of housing in Mount Kisco, NY, 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 Mount Kisco, the median monthly income is $97,548 for those who own their own homes. Under the standard rule, that income level would allow for $2,276 to be budgeted for housing expenses each month, at the most. Renters, on the other hand, earn about $68,113, per the median income in the area. That would allow for renters to spend up to $1,589 on monthly rental expenses.

      New York Sales Tax

      State General Sales Tax With Max Surtax
      New York 4% 8.875%

      New York Income Tax

      State Income Tax (Low) Income Tax (High)
      New York 4% 10.9%

      Goods & Services

      Item Mount Kisco National avg. Difference
      Haircut $32.33$24.2633.3%
      Beauty Salon $48.56$45.566.6%
      Toothpaste $3.66$3.701.1%
      Shampoo $1.50$1.2817.4%
      Movie $13.76$12.1313.4%
      Bowling $19.63$18.009.0%

      Groceries

      Item Mount Kisco National avg. Difference
      Ground Beef $6.34$5.848.6%
      Fried Chicken $1.61$1.572.4%
      Milk $4.73$4.671.2%
      Potatoes $5.03$4.931.9%
      Pizza $10.07$12.0916.7%
      Beer $10.62$10.412.0%

      Health Care

      Item Mount Kisco National avg. Difference
      Optometrist $140.10$125.6811.5%
      Doctor $143.23$135.785.5%
      Dentist $123.00$113.298.6%
      Ibuprofen $11.00$10.653.3%
      Lipitor $401.34$468.6014.4%

      Housing

      Item Mount Kisco National avg. Difference
      Home Price $411,900.00$184,700.00123.0%
      Avg. Mortgage Payment $1,857.27$2,346.6920.9%
      Apartment Rent $1,601.00$949.0068.7%

      Transportation

      Item Mount Kisco National avg. Difference
      Gasoline $3.33$3.463.7%
      Tire Balancing $57.68$59.923.7%

      Utilities

      Item Mount Kisco National avg. Difference
      All Electricity $281.67$193.9945.2%
      Phone $185.16$192.253.7%
      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 Population Cost of Living Index National Avg.
      Greenville CDP (Greene County), NY6041066.1%
      Highland Falls, NY3,82611918.8%
      Fort Montgomery, NY1,86711919.4%
      Haverstraw, NY12,07612322.7%
      West Haverstraw, NY10,22012323.1%
      Mount Kisco, NY10,94914140.7%

      Cities with similar population

      City Population Cost of Living Index National Avg.
      Raymondville, TX10,9507227.9%
      Suffern, NY10,94512424.4%
      Placerville, CA10,95413130.5%
      DeRidder, LA10,955909.7%
      Dobbs Ferry, NY10,95917372.5%
      Mount Kisco, NY10,94914140.7%
      Date & Last Updated: This data reflects 2023 and was released from C2ER in January, 2024; this is the most current data available.