New Rochelle 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 RochelleNew YorkNational
Cost of living index156120100
IndexNew RochelleNew YorkNational
Goods & Services index114110100
Groceries index106105100
Health care index10099100
Housing index264149100
Transportation index107111100
Utilities index109102100
Displayed above is a general overview of the New Rochelle, NY cost of living index. The overall cost of living index in New Rochelle, NY is 156, which is 30% higher than the New York average and 56% 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 Rochelle, NY are 3% higher than the New York average and 14% higher than the national average.

Did you know?

  • The cost of living in New Rochelle is 30% higher than the New York average.
  • The cost of living in New Rochelle is 56% higher than the national average.
  • The cost of housing in New Rochelle is 164% 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 Rochelle, NY Cost of living To Other Cities

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Use the salary calculator to compare your current income in New Rochelle, NY to any other city in the country. The calculator will tell you how much income you would need to make in a particular city to live at the same level based on the cost of living in each city. For example, if the cost of living in the city you are looking to move to is higher than that of New Rochelle, NY, then you would need to earn a higher salary in order to enjoy the same standard of living. To use the New Rochelle, NY salary calculator, enter the name of the new city, then move the slider to your current salary level. The salary calculator will do the rest and let you know if your salary would need to increase or decrease for the new city. You will also see a complete overview of the cost of living.

Median Income & Debt-To-Income Ratio

Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
Owners$117,396$9,783$2,739$3,522
Renters$44,435$3,703$1,037$1,333
The percent of monthly income spent on housing can be a good indicator of the affordability of housing in New Rochelle, NY as well as the overall cost of living. As a general rule of thumb, the debt-to-income ratio (DTI) for homeowners or renters should be not more than 28 percent of gross income to be spent on housing related costs and not more than 36 percent of income on all expenses, including debts. The median income for New Rochelle, NY homeowners, is $117,396. This would allow for a maximum of $2,739 per month to be spent on housing costs. For renters, the median monthly income is $44,435 which would result in a maximum of $1,037 to be spent on rental costs.

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 assessing the complete cost of living in New Rochelle, NY, the New York income tax and the New York sales tax percentages should unquestionably be taken into consideration. Sales taxes aren't just levies imposed onto sold goods, but they also include taxes that are charged when services are provided for a fee. The rates are different from state to state and can run has high as 7 percent. Some states have no sales tax at all. The New York maximum surtax is 8.875%, and the New York sales tax is 4%. By contrast, income tax is an unfortunate obligation that is charged by the government against earnings. Just like sales taxes, the rates for income taxes differ from state to state. They also decrease or increase according to the individual's tax bracket. Tax rates can run as high as 9 percent, with a minimum of zero. Income tax rates range from 4% to 8.82% in New York.

Goods & Services

ItemNew RochelleNational avg.Difference
Haircut $21.07$15.5635.3%
Beauty Salon $37.27$36.113.2%
Toothpaste $2.00$2.4719.2%
Shampoo $0.99$0.962.6%
Movie $12.15$10.1320.0%
Bowling $4.22$4.7411.0%

Groceries

ItemNew RochelleNational avg.Difference
Ground Beef $3.70$3.987.2%
Fried Chicken $1.60$1.4113.9%
Milk $2.41$2.0616.8%
Potatoes $2.72$2.988.7%
Pizza $8.23$9.4713.1%
Beer $8.92$8.791.5%

Health Care

ItemNew RochelleNational avg.Difference
Optometrist $114.67$101.0413.5%
Doctor $97.00$107.449.7%
Dentist $100.58$90.4211.2%
Ibuprofen $8.64$9.286.9%
Lipitor $377.50$426.5011.5%

Housing

ItemNew RochelleNational avg.Difference
Home Price $551,400.00$175,700.00213.8%
Avg. Mortgage Payment $1,788.76$1,133.2357.8%
Apartment Rent $1,348.00$920.0046.5%

Transportation

ItemNew RochelleNational avg.Difference
Gasoline $1.95$1.992.3%
Tire Balancing $58.03$45.7626.8%

Utilities

ItemNew RochelleNational avg.Difference
All Electricity$168.80$163.813.0%
Phone $33.50$28.3918.0%
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.
Greenville, NY5731033%
Spring Valley, NY32,00712121%
Union City, NJ68,00114242%
Hackensack, NJ43,90312323%
Guttenberg, NJ11,39714545%
New Rochelle, NY78,47615656%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Napa, CA78,51114646%
Largo, FL78,39188-12%
Kendall, FL78,58011919%
Bryan, TX78,36891-9%
Racine, WI78,34791-9%
New Rochelle, NY78,47615656%
Source: The New Rochelle, NY cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2016.