North New Hyde Park 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 New Hyde ParkNew YorkNational
Cost of living index178122100
IndexNorth New Hyde ParkNew YorkNational
Goods & Services index151112100
Groceries index121103100
Health care index117104100
Housing index270149100
Transportation index138122100
Utilities index133102100
Displayed above is a general overview of the North New Hyde Park, NY cost of living index. The overall cost of living index in North New Hyde Park, NY is 178, which is 46% higher than the New York average and 78% 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 North New Hyde Park, NY are 34% higher than the New York average and 51% higher than the national average.

Did you know?

  • The cost of living in North New Hyde Park is 46% higher than the New York average.
  • The cost of living in North New Hyde Park is 78% higher than the national average.
  • The cost of housing in North New Hyde Park is 170% 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 North New Hyde Park, 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 North New Hyde Park, 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 North New Hyde Park, NY, you have to earn a higher income in order to still have the same standard of living. To operate the North New Hyde Park, 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$110,385$9,199$2,575$3,312
Renters$66,382$5,532$1,549$1,992
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 New Hyde Park, 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 New Hyde Park, NY has a median income of about $110,385 for people who own homes. Based on that number, a person should spend a maximum of $2,575 on expenses related to housing. Renters have a slightly different median income, which is $66,382. Based on this average, renters should spend no more than $1,549 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 New Hyde Park, 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 New Hyde ParkNational avg.Difference
Haircut $22.50$14.5954.2%
Beauty Salon $70.55$34.68103.4%
Toothpaste $4.04$2.4763.3%
Shampoo $1.14$1.0211.5%
Movie $13.83$9.8740.1%
Bowling $12.33$4.39180.8%

Groceries

ItemNorth New Hyde ParkNational avg.Difference
Ground Beef $4.46$4.480.4%
Fried Chicken $1.04$1.4629.0%
Milk $1.92$2.3618.5%
Potatoes $4.37$3.0642.7%
Pizza $11.49$9.2424.3%
Beer $13.09$8.6351.6%

Health Care

ItemNorth New Hyde ParkNational avg.Difference
Optometrist $103.33$99.783.6%
Doctor $122.50$105.0316.6%
Dentist $117.50$88.7032.5%
Ibuprofen $10.06$9.416.9%
Lipitor $302.11$298.501.2%

Housing

ItemNorth New Hyde ParkNational avg.Difference
Home Price $514,000.00$175,700.00192.5%
Avg. Mortgage Payment $4,902.79$1,081.03353.5%
Apartment Rent $2,001.00$920.00117.5%

Transportation

ItemNorth New Hyde ParkNational avg.Difference
Gasoline $2.64$2.0926.2%
Tire Balancing $78.00$45.2972.2%

Utilities

ItemNorth New Hyde ParkNational avg.Difference
All Electricity$259.80$170.8052.1%
Phone $30.33$28.267.3%
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.
North Amityville, NY19,60813232%
Roosevelt, NY16,55414747%
Uniondale, NY24,78714747%
New Cassel, NY13,98813636%
Hempstead, NY54,80114848%
North New Hyde Park, NY15,23017878%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Payson, AZ15,23498-2%
Estelle, LA15,23692-8%
Long Beach, MS15,22496-4%
West University Place, TX15,22318383%
Republic, MO15,22290-10%
North New Hyde Park, NY15,23017878%
Source: The North New Hyde Park, NY cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2015.