Seneca Falls 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.
IndexSeneca FallsNew YorkNational
Cost of living index87120100
IndexSeneca FallsNew YorkNational
Goods & Services index100110100
Groceries index105105100
Health care index10099100
Housing index57149100
Transportation index109111100
Utilities index79102100
An overview of the general cost of living index for Seneca Falls, NY is displayed above for your reference. Residents in Seneca Falls, NY enjoy a cost of living index of 87. This index is 28% lower than the New York average, and 13% lower than the national average. The following categories are used when determining the cost of living index for any given city: health care (5%), transportation (9%), utilities (10%), groceries (13%), housing (30%), and goods/services (33%). Clearly, housing and goods/services make up the majority of the formula for calculating the cost of living index. Because of this, the general cost of living for any given area can be estimated by looking at the cost of everyday goods in that area. For those living in Seneca Falls, NY, the average cost of goods and services is 9% lower than it is in New York, and it is equal to the national average.

Did you know?

  • The cost of living in Seneca Falls is 28% lower than the New York average.
  • The cost of living in Seneca Falls is 13% lower than the national average.
  • The cost of housing in Seneca Falls is 43% 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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Compare Seneca Falls, 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 Seneca Falls, 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 Seneca Falls, NY, you have to earn a higher income in order to still have the same standard of living. To operate the Seneca Falls, 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$57,390$4,783$1,339$1,722
Renters$20,897$1,741$488$627
How much of your monthly income goes to housing can tell you whether or not you can afford housing in Seneca Falls, NY, as well as what the average cost of living is. Generally, a good rule to follow is that the debt-to-income (DTI) level you want to maintain is 28 percent or less of your income on your rent or mortgage payment and not more than 36 percent of income on all expenses and debts. In Seneca Falls, NY homeowners have a median income of $57,390. Using that number, you will come up with a maximum of $1,339 per month that can be spent on the cost of housing. For those who are renting instead of owning, the median income is $20,897, which means there is a maximum of $488 to be spent on the costs of renting a home or apartment.

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 Seneca Falls, 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

ItemSeneca FallsNational avg.Difference
Haircut $15.67$15.560.7%
Beauty Salon $38.39$36.116.3%
Toothpaste $2.27$2.478.1%
Shampoo $1.15$0.9619.2%
Movie $12.75$10.1325.9%
Bowling $4.50$4.745.0%

Groceries

ItemSeneca FallsNational avg.Difference
Ground Beef $4.19$3.985.2%
Fried Chicken $1.36$1.413.1%
Milk $2.09$2.061.1%
Potatoes $3.18$2.986.5%
Pizza $10.82$9.4714.3%
Beer $8.47$8.793.7%

Health Care

ItemSeneca FallsNational avg.Difference
Optometrist $110.00$101.048.9%
Doctor $124.00$107.4415.4%
Dentist $79.67$90.4211.9%
Ibuprofen $9.80$9.285.6%
Lipitor $417.18$426.502.2%

Housing

ItemSeneca FallsNational avg.Difference
Home Price $86,600.00$175,700.0050.7%
Avg. Mortgage Payment $1,237.17$1,133.239.2%
Apartment Rent $702.00$920.0023.7%

Transportation

ItemSeneca FallsNational avg.Difference
Gasoline $2.20$1.9910.2%
Tire Balancing $48.49$45.766.0%

Utilities

ItemSeneca FallsNational avg.Difference
All Electricity$140.56$163.8114.2%
Phone $19.99$28.3929.6%
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.
Savannah, NY42684-16%
Lyons, NY3,34386-14%
Romulus, NY61985-15%
Waterloo, NY5,17885-15%
Clyde, NY1,98789-11%
Seneca Falls, NY6,53387-13%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Cottage Grove, WI6,53311313%
Fair Oaks Ranch, TX6,53412323%
Blakely, PA6,53495-5%
Commerce, GA6,53593-7%
Otis Orchards-East Farms, WA6,5381033%
Seneca Falls, NY6,53387-13%
Source: The Seneca Falls, NY cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2016.