Scotchtown 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.
IndexScotchtownNew YorkNational
Cost of living index127122100
IndexScotchtownNew YorkNational
Goods & Services index126112100
Groceries index122103100
Health care index115104100
Housing index140149100
Transportation index100122100
Utilities index132102100
A general summary of the cost of living index in Scotchtown, NY is shown above. Compared to the state average of New York the cost of living index in Scotchtown, NY is 127, which is 4% higher than the average in New York and compared to the national average it is 27% higher than. The cost of living index is made up of several categories. These are transportation at 9%, utilities at 10%, goods and services at 33%, housing at 30%, groceries at 13%, and health care at 5%. The bulk of the cost of living index comes from the categories of goods and services and housing. If you look at everyday goods and services they can be a good indicator in a certain city of the general costs of goods there. In Scotchtown, NY goods and services come in at 12% higher than the average in New York and are 26% higher than compared to the nationwide average.

Did you know?

  • The cost of living in Scotchtown is 4% higher than the New York average.
  • The cost of living in Scotchtown is 27% higher than the national average.
  • The cost of housing in Scotchtown is 40% 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 Scotchtown, NY Cost of living To Other Cities

Salary Calculator

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The salary calculator is used in order to provide a comparison of your current salary in Scotchtown, 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 Scotchtown, NY, you would have to earn a higher income to maintain a standard of living that is similar. To get started with the Scotchtown, 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$84,548$7,046$1,973$2,537
Renters$48,194$4,016$1,124$1,446
If you want to find a good determining factor for the cost of living and the general affordability of housing in Scotchtown, NY, all you must look at is the percentage of monthly income that should be spent on housing expenses, otherwise known as the debt-to-income ratio (DTI). Generally speaking, no more than 28 percent of your total gross income should be spent on your housing expenses and not more than 36 percent of your gross income on total expenses, including debts. In Scotchtown, NY, the median monthly income is $84,548 for those who own their own homes. Under the standard rule, that income level would allow for $1,973 to be budgeted for housing expenses each month, at the most. Renters, on the other hand, earn about $48,194, per the median income in the area. That would allow for renters to spend up to $1,124 on monthly rental expenses.

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%
The New York sales tax and New York income tax rates should definitely be considered when determining the overall cost of living in Scotchtown, NY. Sales taxes are taxes that are imposed onto goods and services sold. Sales taxes do vary by state and can range from no tax at all to upwards of 7%. The New York sales tax is 4% and the maximum surtax is 8.875%. Income tax is the tax imposed on income by the government. The income tax rates will vary by state and will also increase or decrease depending on the corresponding tax bracket. State income tax rates can range from anywhere from no tax at all to more than 9%. The New York income tax rates range from 4% to 8.82%.

Goods & Services

ItemScotchtownNational avg.Difference
Haircut $20.00$14.5937.0%
Beauty Salon $67.50$34.6894.6%
Toothpaste $4.04$2.4763.3%
Shampoo $0.88$1.0213.9%
Movie $14.75$9.8749.5%
Bowling $7.94$4.3980.8%

Groceries

ItemScotchtownNational avg.Difference
Ground Beef $3.99$4.4810.9%
Fried Chicken $1.04$1.4629.0%
Milk $2.26$2.364.1%
Potatoes $3.92$3.0628.0%
Pizza $10.00$9.248.2%
Beer $9.82$8.6313.8%

Health Care

ItemScotchtownNational avg.Difference
Optometrist $111.67$99.7811.9%
Doctor $123.75$105.0317.8%
Dentist $110.00$88.7024.0%
Ibuprofen $10.33$9.419.8%
Lipitor $299.00$298.500.2%

Housing

ItemScotchtownNational avg.Difference
Home Price $254,400.00$175,700.0044.8%
Avg. Mortgage Payment $2,127.00$1,081.0396.8%
Apartment Rent $1,184.00$920.0028.7%

Transportation

ItemScotchtownNational avg.Difference
Gasoline $2.06$2.091.5%
Tire Balancing $47.99$45.296.0%

Utilities

ItemScotchtownNational avg.Difference
All Electricity$262.56$170.8053.7%
Phone $29.01$28.262.7%
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.
Wurtsboro, NY1,0861055%
Unionville, NY6131055%
Mountain Lodge Park, NY1,98311616%
Pine Bush, NY1,56411717%
Walker Valley, NY60611717%
Scotchtown, NY9,13212727%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Economy, PA9,13399-1%
Red Bank, SC9,12894-6%
Laurens, SC9,13688-12%
Grinnell, IA9,13687-13%
St. Rose, LA9,12590-10%
Scotchtown, NY9,13212727%
Source: The Scotchtown, NY cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2015.