Salamanca 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.
IndexSalamancaNew YorkNational
Cost of living index78120100
IndexSalamancaNew YorkNational
Goods & Services index92110100
Groceries index95105100
Health care index8499100
Housing index45149100
Transportation index98111100
Utilities index89102100
A general overview of the cost of living index for Salamanca, NY is displayed above. In Salamanca, NY, the overall cost of living index is 78, which is 35% lower than the New York average and 22% lower 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 Salamanca, NY, the city's goods and services are 17% lower than the New York average and 8% lower than the U.S. average.

Did you know?

  • The cost of living in Salamanca is 35% lower than the New York average.
  • The cost of living in Salamanca is 22% lower than the national average.
  • The cost of housing in Salamanca is 55% lower 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

This is how much you would need to earn in
Price difference in compared to
Cost of living index
Goods & Services index
Groceries index
Health care index
Housing index
Transportation index
Utilities index
The salary calculator is used in order to provide a comparison of your current salary in Salamanca, 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 Salamanca, NY, you would have to earn a higher income to maintain a standard of living that is similar. To get started with the Salamanca, 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)
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 Salamanca, 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. Salamanca, NY has a median income of about $39,194 for people who own homes. Based on that number, a person should spend a maximum of $914 on expenses related to housing. Renters have a slightly different median income, which is $19,844. Based on this average, renters should spend no more than $463 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%
For those who live in Salamanca, 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

ItemSalamancaNational avg.Difference
Haircut $14.90$15.564.3%
Beauty Salon $30.83$36.1114.6%
Toothpaste $1.99$2.4719.4%
Shampoo $0.89$0.968.1%
Movie $10.42$10.132.9%
Bowling $3.42$4.7427.7%


ItemSalamancaNational avg.Difference
Ground Beef $3.69$3.987.3%
Fried Chicken $1.30$1.417.8%
Milk $1.93$2.066.3%
Potatoes $2.52$2.9815.5%
Pizza $9.99$9.475.5%
Beer $8.28$8.795.8%

Health Care

ItemSalamancaNational avg.Difference
Optometrist $58.53$101.0442.1%
Doctor $85.33$107.4420.6%
Dentist $70.70$90.4221.8%
Ibuprofen $8.70$9.286.2%
Lipitor $439.17$426.503.0%


ItemSalamancaNational avg.Difference
Home Price $64,100.00$175,700.0063.5%
Avg. Mortgage Payment $1,278.38$1,133.2312.8%
Apartment Rent $611.00$920.0033.6%


ItemSalamancaNational avg.Difference
Gasoline $2.10$1.995.4%
Tire Balancing $37.55$45.7617.9%


ItemSalamancaNational avg.Difference
All Electricity$134.14$163.8118.1%
Phone $28.22$28.390.6%
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.
Bradford, PA8,66577-23%
Cattaraugus, NY1,04277-23%
Franklinville, NY1,79478-22%
Little Valley, NY1,20378-22%
St. Bonaventure, NY1,97580-20%
Salamanca, NY5,71778-22%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Centerport, NY5,71717777%
Creve Coeur, IL5,71786-14%
Genoa, IL5,71695-5%
Forest, MS5,71978-22%
Deer Park, OH5,72090-10%
Salamanca, NY5,71778-22%
Source: The Salamanca, NY cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2016.