South Valley Stream 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.
IndexSouth Valley StreamNew YorkNational
Cost of living index161122100
IndexSouth Valley StreamNew YorkNational
Goods & Services index151112100
Groceries index121103100
Health care index117104100
Housing index214149100
Transportation index138122100
Utilities index133102100
Here we can see a simple outline of the cost of living in South Valley Stream, NY. As you can see, with the average cost of living in South Valley Stream, NY being 161, that puts it 32% higher than the average of New York and 61% higher than our nation's average. This simple outline of the cost of living index was formulated using prices of: goods and services (weighted 33%), housing prices (weighted 30%), groceries (weighted 13%), utilities (weighted 10%), transportation (weighted 9%), and health care (weighted 5%). Thus, goods/services, along with housing influences the majority of the cost of living index. The price of daily goods and services is a valuable and reliable number to be aware of when considering the general price of the city's goods. In the case of South Valley Stream, NY, the price of goods and services are 34% higher than the average of New York as well as 51% higher than the nation's average.

Did you know?

  • The cost of living in South Valley Stream is 32% higher than the New York average.
  • The cost of living in South Valley Stream is 61% higher than the national average.
  • The cost of housing in South Valley Stream is 114% 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 South Valley Stream, NY Cost of living To Other Cities

Salary Calculator

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Use the salary calculator to compare your current salary in South Valley Stream, NY to any other city. The salary calculator will tell you how much you would need to earn in any given city to maintain the same standard of living based on the cost of living in each city. For example, if the cost of living in the city you are looking to relocate to is higher than the cost of living in South Valley Stream, NY, then you would need to earn more income in order to maintain the same standard of living. To use the South Valley Stream, NY salary calculator, simply enter in the name of the new city, then adjust the slider to your current income. The salary calculator will do the rest and let you know if you need to earn more or less in the new city. You will also see a complete breakdown of the cost of living.

Median Income & Debt-To-Income Ratio

Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
Owners$123,458$10,288$2,880$3,704
Renters$19,815$1,651$462$595
How much of your monthly income goes to housing can tell you whether or not you can afford housing in South Valley Stream, 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 South Valley Stream, NY homeowners have a median income of $123,458. Using that number, you will come up with a maximum of $2,880 per month that can be spent on the cost of housing. For those who are renting instead of owning, the median income is $19,815, which means there is a maximum of $462 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%
When assessing the complete cost of living in South Valley Stream, NY, the New York income tax and the New York sales tax percentages should unquestionably be taken into consideration. Sales taxes aren't just levies imposed onto sold goods, but they also include taxes that are charged when services are provided for a fee. The rates are different from state to state and can run has high as 7 percent. Some states have no sales tax at all. The New York maximum surtax is 8.875%, and the New York sales tax is 4%. By contrast, income tax is an unfortunate obligation that is charged by the government against earnings. Just like sales taxes, the rates for income taxes differ from state to state. They also decrease or increase according to the individual's tax bracket. Tax rates can run as high as 9 percent, with a minimum of zero. Income tax rates range from 4% to 8.82% in New York.

Goods & Services

ItemSouth Valley StreamNational avg.Difference
Haircut $22.50$14.5954.2%
Beauty Salon $70.55$34.68103.4%
Toothpaste $4.04$2.4763.3%
Shampoo $1.14$1.0211.5%
Movie $13.83$9.8740.1%
Bowling $12.33$4.39180.8%

Groceries

ItemSouth Valley StreamNational avg.Difference
Ground Beef $4.46$4.480.4%
Fried Chicken $1.04$1.4629.0%
Milk $1.92$2.3618.5%
Potatoes $4.37$3.0642.7%
Pizza $11.49$9.2424.3%
Beer $13.09$8.6351.6%

Health Care

ItemSouth Valley StreamNational avg.Difference
Optometrist $103.33$99.783.6%
Doctor $122.50$105.0316.6%
Dentist $117.50$88.7032.5%
Ibuprofen $10.06$9.416.9%
Lipitor $302.11$298.501.2%

Housing

ItemSouth Valley StreamNational avg.Difference
Home Price $435,500.00$175,700.00147.9%
Avg. Mortgage Payment $4,902.79$1,081.03353.5%
Apartment Rent $1,227.00$920.0033.4%

Transportation

ItemSouth Valley StreamNational avg.Difference
Gasoline $2.64$2.0926.2%
Tire Balancing $78.00$45.2972.2%

Utilities

ItemSouth Valley StreamNational avg.Difference
All Electricity$259.80$170.8052.1%
Phone $30.33$28.267.3%
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.
Guttenberg, NJ11,39714646%
Roosevelt, NY16,55414747%
Uniondale, NY24,78714747%
New Cassel, NY13,98813636%
Hempstead, NY54,80114848%
South Valley Stream, NY6,29316161%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Bethel, AK6,29513535%
Harriman, TN6,29680-20%
Youngtown, AZ6,29986-14%
Buena Vista, MI6,30279-21%
Ephraim, UT6,30397-3%
South Valley Stream, NY6,29316161%
Source: The South Valley Stream, NY cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2015.