Smithtown 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.
IndexSmithtownNew YorkNational
Cost of living index154122100
IndexSmithtownNew YorkNational
Goods & Services index126112100
Groceries index122103100
Health care index115104100
Housing index229149100
Transportation index100122100
Utilities index132102100
A general summary of the cost of living index in Smithtown, NY is shown above. Compared to the state average of New York the cost of living index in Smithtown, NY is 154, which is 26% higher than the average in New York and compared to the national average it is 54% 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 Smithtown, 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 Smithtown is 26% higher than the New York average.
  • The cost of living in Smithtown is 54% higher than the national average.
  • The cost of housing in Smithtown is 129% 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 Smithtown, NY Cost of living To Other Cities

Salary Calculator

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The salary calculator allows you to compare how much your current salary in Smithtown, NY would be worth in another city. In other words, the salary calculator will adjust the figure you enter for cost of living so that you can determine how much more or much less you would need to earn while maintaining your current quality of living. If you are considering relocating to a more expensive city than Smithtown, NY, the calculator will tell you how much more you need to earn so you can assess job offers more accurately. The Smithtown, NY salary calculator is easy to use. All you do is enter the name of another city, then move the slider to your current income. After that, the salary calculator will crunch the numbers for you and give you the information you need about the place you are considering going. Additionally, it will show a detailed breakdown of the cost of living.

Median Income & Debt-To-Income Ratio

Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
Owners$123,506$10,292$2,882$3,706
Renters$26,892$2,241$627$807
How much of your monthly income goes to housing can tell you whether or not you can afford housing in Smithtown, 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 Smithtown, NY homeowners have a median income of $123,506. Using that number, you will come up with a maximum of $2,882 per month that can be spent on the cost of housing. For those who are renting instead of owning, the median income is $26,892, which means there is a maximum of $627 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%
One thing to keep in mind when considering the cost of living in Smithtown, 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

ItemSmithtownNational 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

ItemSmithtownNational 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

ItemSmithtownNational 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

ItemSmithtownNational avg.Difference
Home Price $471,200.00$175,700.00168.2%
Avg. Mortgage Payment $2,127.00$1,081.0396.8%
Apartment Rent $1,258.00$920.0036.7%

Transportation

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

Utilities

ItemSmithtownNational 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.
Central Islip, NY36,23313131%
Brentwood, NY59,43613131%
Gordon Heights, NY3,91813131%
Baywood, NY7,68113232%
North Amityville, NY19,60813232%
Smithtown, NY26,40815454%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Sahuarita, AZ26,4411022%
Barberton, OH26,37586-14%
Carbondale, IL26,37490-10%
Wooster, OH26,35386-14%
Kingsville, TX26,34884-16%
Smithtown, NY26,40815454%
Source: The Smithtown, NY cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2015.