Pelham 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.
IndexPelhamNew YorkNational
Cost of living index170120100
IndexPelhamNew YorkNational
Goods & Services index114110100
Groceries index106105100
Health care index10099100
Housing index309149100
Transportation index107111100
Utilities index109102100
A general overview of the cost of living index for Pelham, NY is displayed above. In Pelham, 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 Pelham, NY, the city's goods and services are 3% higher than the New York average and 14% higher than the U.S. average.

Did you know?

  • The cost of living in Pelham is 41% higher than the New York average.
  • The cost of living in Pelham is 70% higher than the national average.
  • The cost of housing in Pelham is 209% 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 used in order to provide a comparison of your current salary in Pelham, NY to another city of your choice. The calculator will inform you of what your salary needs to be in any specific city in order for you to maintain your living standard based on what the city’s cost of living is. As an example, if you are seeking to move to a city that has a higher cost of living compared to Pelham, NY, you would have to earn a higher income to maintain a standard of living that is similar. To get started with the Pelham, NY salary calculator, input the new city’s name and then move the slider to indicate your current income. The salary calculator will now process the numbers and show you whether you need to earn more or less in the chosen city. A comprehensive breakdown of the cost of living will also be shown.

Median Income & Debt-To-Income Ratio

Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
Owners$160,750$13,396$3,751$4,823
Renters$74,375$6,198$1,735$2,231
The percent of monthly income spent on housing can be a good indicator of the affordability of housing in Pelham, 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 Pelham, NY homeowners, is $160,750. This would allow for a maximum of $3,751 per month to be spent on housing costs. For renters, the median monthly income is $74,375 which would result in a maximum of $1,735 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%
One thing to keep in mind when considering the cost of living in Pelham, NY is the New York sales tax and New York income tax rates. Sales taxes are taxes that are collected on most goods or services sold. Sales taxes can vary by state and can be as high as 7% and as low as 0% as not every state imposes a sales tax. The New York sales tax rate is 4% and the maximum surtax that can be charged is 8.875%. Income tax is the tax imposed on income by both the federal and state government. The income tax rates varies by individual state and will also be higher or lower depending on the applicable tax bracket. The rates of state income tax can vary from 0% to more than 9%. The New York income tax rates range from 4% to 8.82%.

Goods & Services

ItemPelhamNational 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

ItemPelhamNational 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

ItemPelhamNational 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

ItemPelhamNational avg.Difference
Home Price $639,900.00$175,700.00264.2%
Avg. Mortgage Payment $1,788.76$1,133.2357.8%
Apartment Rent $1,669.00$920.0081.4%

Transportation

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

Utilities

ItemPelhamNational 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%
Pelham, NY6,98417070%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Green Cove Springs, FL6,98495-5%
Atlantic, IA6,98382-18%
Galax, VA6,98186-14%
Sturtevant, WI6,98197-3%
Valley Park, MO6,98098-2%
Pelham, NY6,98417070%
Source: The Pelham, NY cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2016.