North Merrick 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.
IndexNorth MerrickNew YorkNational
Cost of living index170120100
IndexNorth MerrickNew YorkNational
Goods & Services index148110100
Groceries index128105100
Health care index11599100
Housing index244149100
Transportation index134111100
Utilities index127102100
A general overview of the cost of living index for North Merrick, NY is displayed above. In North Merrick, NY, the overall cost of living index is 170, which is 41% higher than the New York average and 70% 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 North Merrick, NY, the city's goods and services are 34% higher than the New York average and 48% higher than the U.S. average.

Did you know?

  • The cost of living in North Merrick is 41% higher than the New York average.
  • The cost of living in North Merrick is 70% higher than the national average.
  • The cost of housing in North Merrick is 144% 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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Salary Calculator

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The salary calculator is meant to help you compare your salary in North Merrick, NY to your potential earning power in another city. This can help you deduce what your salary would need to be in any given city in order for you to live the same lifestyle that you do in your current city. In other words, if you plan on moving to a city where the cost of living is higher than in North Merrick, NY, you'll have to make more money in the new city in order to maintain the lifestyle you currently enjoy. To use the North Merrick, NY salary calculator, simply input the new city, then move the adjustable slider to match your current income. Once you've selected your income, the calculator will determine if that income is sufficient to support your standard of living in the new city you entered. The calculator will also supply you with a rundown of living costs in the new city.

Median Income & Debt-To-Income Ratio

Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
Owners$113,813$9,484$2,655$3,415
Renters$80,616$6,718$1,881$2,419
A good way to judge both the affordability of the housing and the cost of living is by simply calculating the maximum that a person should spend on housing in North Merrick, NY, otherwise known as the debt-to-income ratio (DTI). The safest way to live in the city is to avoid spending more than 28 percent of the gross income that one earns on costs that pertain to housing and no more than 36 percent on all expenses and debts. North Merrick, NY has a median income of about $113,813 for people who own homes. Based on that number, a person should spend a maximum of $2,655 on expenses related to housing. Renters have a slightly different median income, which is $80,616. Based on this average, renters should spend no more than $1,881 on all of their rental costs if they want to maintain a non-impoverished standard of living.

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 considering the overall cost of living expenses in North Merrick, NY, it's important to take into account the sales tax for New York, as well as the rate for income tax in New York. Goods and services sold to consumers in any state have some form of sales tax. Each state has its own tax code, which means that sales tax rates vary from state to state, ranging from over 7% in some states to as low as 0% in others. The maximum surtax for New York is 8.875%, and the sales tax in the state of New York is 4%. Alternatively, the tax imposed on your income by the state government is known as income tax. The rate for this tax also varies from state to state, and your rate is affected by your tax bracket, which is determined by your level of income. Income tax rates might be as high as 9%, down to as low as 0%. The range for income tax rates in New York starts from 4% and goes up to 8.82%.

Goods & Services

ItemNorth MerrickNational avg.Difference
Haircut $24.02$15.5654.3%
Beauty Salon $64.92$36.1179.8%
Toothpaste $4.50$2.4782.1%
Shampoo $1.67$0.9673.1%
Movie $14.89$10.1347.1%
Bowling $13.06$4.74175.8%

Groceries

ItemNorth MerrickNational avg.Difference
Ground Beef $6.10$3.9853.2%
Fried Chicken $2.04$1.4144.7%
Milk $2.45$2.0618.7%
Potatoes $3.78$2.9826.8%
Pizza $12.14$9.4728.1%
Beer $13.06$8.7948.6%

Health Care

ItemNorth MerrickNational avg.Difference
Optometrist $106.66$101.045.6%
Doctor $105.00$107.442.3%
Dentist $125.00$90.4238.2%
Ibuprofen $9.99$9.287.7%
Lipitor $435.07$426.502.0%

Housing

ItemNorth MerrickNational avg.Difference
Home Price $449,800.00$175,700.00156.0%
Avg. Mortgage Payment $5,496.82$1,133.23385.1%
Apartment Rent $2,001.00$920.00117.5%

Transportation

ItemNorth MerrickNational avg.Difference
Gasoline $2.31$1.9916.1%
Tire Balancing $79.33$45.7673.4%

Utilities

ItemNorth MerrickNational avg.Difference
All Electricity$232.72$163.8142.1%
Phone $30.77$28.398.4%
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, NY7,68113333%
North Amityville, NY19,60813333%
Wyandanch, NY11,18713333%
Roosevelt, NY16,55414646%
Uniondale, NY24,78714646%
North Merrick, NY11,77217070%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
North Wantagh, NY11,77315050%
Winton, CA11,77497-3%
North St. Paul, MN11,7751011%
Richmond, TX11,76988-12%
Somersworth, NH11,76511717%
North Merrick, NY11,77217070%
Source: The North Merrick, NY cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2016.