Niskayuna 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.
IndexNiskayunaNew YorkNational
Cost of living index113122100
IndexNiskayunaNew YorkNational
Goods & Services index118112100
Groceries index99103100
Health care index101104100
Housing index120149100
Transportation index115122100
Utilities index96102100
A general overview of the cost of living index for Niskayuna, NY is displayed above. In Niskayuna, NY, the overall cost of living index is 113, which is 7% lower than the New York average and 13% higher than the U.S. average. The following categories are used to calculate the overall cost of living index: goods/services (33%), housing (30%), groceries (13%), utilities (10%), transportation (9%) and health care (5%). From the list, it is clear that the categories of goods/services and housing are responsible for the largest portions of the overall cost of living index. As a general rule, everyday goods and services provide an accurate measure of the general cost of goods in any given city. In the case of Niskayuna, NY, the city's goods and services are 5% higher than the New York average and 18% higher than the U.S. average.

Did you know?

  • The cost of living in Niskayuna is 7% lower than the New York average.
  • The cost of living in Niskayuna is 13% higher than the national average.
  • The cost of housing in Niskayuna is 20% 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 Niskayuna, NY Cost of living To Other Cities

Salary Calculator

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Use the salary calculator to compare your current salary in Niskayuna, NY to any other city. The salary calculator will tell you how much you would need to earn in any given city to maintain the same standard of living based on the cost of living in each city. For example, if the cost of living in the city you are looking to relocate to is higher than the cost of living in Niskayuna, NY, then you would need to earn more income in order to maintain the same standard of living. To use the Niskayuna, NY salary calculator, simply enter in the name of the new city, then adjust the slider to your current income. The salary calculator will do the rest and let you know if you need to earn more or less in the new city. You will also see a complete breakdown of the cost of living.

Median Income & Debt-To-Income Ratio

Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
Owners$108,711$9,059$2,536$3,262
Renters$40,708$3,392$950$1,221
The percent of monthly income spent on housing can be a good indicator of the affordability of housing in Niskayuna, 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 Niskayuna, NY homeowners, is $108,711. This would allow for a maximum of $2,536 per month to be spent on housing costs. For renters, the median monthly income is $40,708 which would result in a maximum of $950 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%
For those who live in Niskayuna, NY and want to know what the true cost of living is, they ought to look at both the New York income tax rate and the New York sales tax rate. By sales tax, we mean the taxes that are included whenever a person is purchasing any goods or services. The amount that is taxed depends upon the particular state, where some states have a sales tax of zero percent while others can have a tax higher than seven percent. In New York, the sales tax is 4%, while the most you'll pay in surtax is 8.875%. There is also income tax to consider, which is based upon the amount of money made in a year. Just like sales tax, income tax depends upon the particular state but also depends upon what tax bracket the person is in. Income tax for the state can be higher than nine percent in some states to zero percent in others. For those that live in New York, the income tax rate ranges between 4% to 8.82%.

Goods & Services

ItemNiskayunaNational avg.Difference
Haircut $15.40$14.595.5%
Beauty Salon $38.00$34.689.6%
Toothpaste $1.73$2.4730.1%
Shampoo $0.99$1.023.1%
Movie $11.35$9.8715.0%
Bowling $3.98$4.399.4%

Groceries

ItemNiskayunaNational avg.Difference
Ground Beef $4.23$4.485.5%
Fried Chicken $1.41$1.463.7%
Milk $2.35$2.360.3%
Potatoes $3.79$3.0623.8%
Pizza $8.49$9.248.1%
Beer $9.69$8.6312.2%

Health Care

ItemNiskayunaNational avg.Difference
Optometrist $92.40$99.787.4%
Doctor $103.80$105.031.2%
Dentist $96.20$88.708.5%
Ibuprofen $9.23$9.411.9%
Lipitor $282.61$298.505.3%

Housing

ItemNiskayunaNational avg.Difference
Home Price $211,200.00$175,700.0020.2%
Avg. Mortgage Payment $1,315.97$1,081.0321.7%
Apartment Rent $1,097.00$920.0019.2%

Transportation

ItemNiskayunaNational avg.Difference
Gasoline $2.48$2.0918.4%
Tire Balancing $47.98$45.296.0%

Utilities

ItemNiskayunaNational avg.Difference
All Electricity$174.50$170.802.2%
Phone $24.95$28.2611.7%
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.
Amsterdam, NY18,34895-5%
Schenectady, NY66,05599-1%
Green Island, NY2,6121011%
Hagaman, NY1,2841011%
Watervliet, NY10,2501011%
Niskayuna, NY5,12911313%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Hockinson, WA5,12912929%
Richland Center, WI5,12889-11%
Connell, WA5,13085-15%
Willow Oak, FL5,12791-9%
Slinger, WI5,1311022%
Niskayuna, NY5,12911313%
Source: The Niskayuna, NY cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2015.