Riverhead 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.
IndexRiverheadNew YorkNational
Cost of living index135120100
IndexRiverheadNew YorkNational
Goods & Services index122110100
Groceries index130105100
Health care index11799100
Housing index171149100
Transportation index107111100
Utilities index110102100
Displayed above is a general overview of the Riverhead, NY cost of living index. The overall cost of living index in Riverhead, NY is 135, which is 12% higher than the New York average and 35% 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 Riverhead, NY are 11% higher than the New York average and 22% higher than the national average.

Did you know?

  • The cost of living in Riverhead is 12% higher than the New York average.
  • The cost of living in Riverhead is 35% higher than the national average.
  • The cost of housing in Riverhead is 71% 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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Use the salary calculator to compare your current income in Riverhead, 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 Riverhead, NY, then you would need to earn a higher salary in order to enjoy the same standard of living. To use the Riverhead, 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$71,744$5,979$1,674$2,153
Renters$28,945$2,412$675$868
The percent of monthly income spent on housing can be a good indicator of the affordability of housing in Riverhead, 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 Riverhead, NY homeowners, is $71,744. This would allow for a maximum of $1,674 per month to be spent on housing costs. For renters, the median monthly income is $28,945 which would result in a maximum of $675 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 you are determining the total cost of living in Riverhead, NY you will want to make sure you consider both the New York sales tax and the New York income tax rates. Sales tax come in the form of taxes levied on both services and goods that are sold. The sales tax rates are different state to state and range from zero sales tax to higher than 7%. The sales tax in New York is 4%, with the highest surtax being 8.875%. Tax that is on income by the government is income tax. Different states have different income tax rates and these rates can be higher or lower dependent on the corresponding tax bracket. The state income tax rates are different state to state and range from no income tax to more than 9% income tax. The income tax rates in New York have a range from 4% to 8.82%.

Goods & Services

ItemRiverheadNational avg.Difference
Haircut $19.74$15.5626.8%
Beauty Salon $55.02$36.1152.4%
Toothpaste $4.07$2.4764.6%
Shampoo $1.17$0.9620.9%
Movie $11.67$10.1315.2%
Bowling $7.30$4.7454.2%

Groceries

ItemRiverheadNational avg.Difference
Ground Beef $4.79$3.9820.2%
Fried Chicken $1.59$1.4113.2%
Milk $3.06$2.0648.4%
Potatoes $5.30$2.9877.8%
Pizza $9.95$9.475.0%
Beer $9.99$8.7913.6%

Health Care

ItemRiverheadNational avg.Difference
Optometrist $119.98$101.0418.7%
Doctor $129.20$107.4420.2%
Dentist $113.88$90.4226.0%
Ibuprofen $9.82$9.285.9%
Lipitor $422.35$426.501.0%

Housing

ItemRiverheadNational avg.Difference
Home Price $321,400.00$175,700.0082.9%
Avg. Mortgage Payment $1,491.42$1,133.2331.6%
Apartment Rent $1,307.00$920.0042.1%

Transportation

ItemRiverheadNational avg.Difference
Gasoline $2.12$1.996.5%
Tire Balancing $49.98$45.769.2%

Utilities

ItemRiverheadNational avg.Difference
All Electricity$212.84$163.8129.9%
Phone $23.95$28.3915.6%
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.
Riverside, NY6311000%
Riverside CDP, NY4,9951055%
Northville, NY1,1121077%
Mastic Beach, NY14,88012323%
Calverton, NY6,37212424%
Riverhead, NY14,35413535%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
San Elizario, TX14,36078-22%
Waycross, GA14,36382-18%
Halawa, HI14,36318787%
Tavares, FL14,34388-12%
Englewood, FL14,36697-3%
Riverhead, NY14,35413535%
Source: The Riverhead, NY cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2016.