New Cassel 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.
IndexNew CasselNew YorkNational
Cost of living index136122100
IndexNew CasselNew YorkNational
Goods & Services index126112100
Groceries index122103100
Health care index115104100
Housing index169149100
Transportation index100122100
Utilities index132102100
Displayed above is a general overview of the New Cassel, NY cost of living index. The overall cost of living index in New Cassel, NY is 136, which is 12% higher than the New York average and 36% 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 New Cassel, NY are 12% higher than the New York average and 26% higher than the national average.

Did you know?

  • The cost of living in New Cassel is 12% higher than the New York average.
  • The cost of living in New Cassel is 36% higher than the national average.
  • The cost of housing in New Cassel is 69% 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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Compare New Cassel, NY Cost of living To Other Cities

Salary Calculator

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Using the salary calculator lets you compare the salary you earn in New Cassel, NY to what it is in other cities. It will let you know what your earnings would have to be in another city to have the same standard of living, as determined by the cost of living in each city. For example, if the cost of living in the area you want to move to is higher than the cost of living in New Cassel, NY, you have to earn a higher income in order to still have the same standard of living. To operate the New Cassel, NY salary calculator, put in the name of the other city, then move the slider to the point that represents the current income. The salary calculator will take care of the rest and tell you how much more or less you must earn in the new city. A Total breakdown of the cost of living is also provided.

Median Income & Debt-To-Income Ratio

Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
Owners$107,683$8,974$2,512$3,231
Renters$38,750$3,229$904$1,163
If you want to find a good determining factor for the cost of living and the general affordability of housing in New Cassel, 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 New Cassel, NY, the median monthly income is $107,683 for those who own their own homes. Under the standard rule, that income level would allow for $2,512 to be budgeted for housing expenses each month, at the most. Renters, on the other hand, earn about $38,750, per the median income in the area. That would allow for renters to spend up to $904 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%
The New York sales tax and New York income tax rates should definitely be considered when determining the overall cost of living in New Cassel, NY. Sales taxes are taxes that are imposed onto goods and services sold. Sales taxes do vary by state and can range from no tax at all to upwards of 7%. The New York sales tax is 4% and the maximum surtax is 8.875%. Income tax is the tax imposed on income by the government. The income tax rates will vary by state and will also increase or decrease depending on the corresponding tax bracket. State income tax rates can range from anywhere from no tax at all to more than 9%. The New York income tax rates range from 4% to 8.82%.

Goods & Services

ItemNew CasselNational 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

ItemNew CasselNational 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

ItemNew CasselNational 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

ItemNew CasselNational avg.Difference
Home Price $323,800.00$175,700.0084.3%
Avg. Mortgage Payment $2,127.00$1,081.0396.8%
Apartment Rent $1,225.00$920.0033.2%

Transportation

ItemNew CasselNational avg.Difference
Gasoline $2.06$2.091.5%
Tire Balancing $47.99$45.296.0%

Utilities

ItemNew CasselNational 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.
Baywood, NY7,68113232%
North Amityville, NY19,60813232%
Wyandanch, NY11,18713333%
Roosevelt, NY16,55414747%
Uniondale, NY24,78714747%
New Cassel, NY13,98813636%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
East Islip, NY13,98914949%
Olympia Heights, FL13,99112020%
Hutchinson, MN13,98395-5%
Washington, MO13,98295-5%
Bluffton, SC13,97911010%
New Cassel, NY13,98813636%
Source: The New Cassel, NY cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2015.