Stony Brook University 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.
IndexStony Brook UniversityNew YorkNational
Cost of living index151120100
IndexStony Brook UniversityNew YorkNational
Goods & Services index122110100
Groceries index134105100
Health care index11499100
Housing index216149100
Transportation index111111100
Utilities index126102100
The above illustration supplies generalized information for the Stony Brook University, NY cost of living index. Compared to other cities in New York and cities across the country, the cost of living index in Stony Brook University, NY is 151, which is 26% higher than the New York average and 51% higher than that for the entire country. The index is comprised of the following criteria: cost of retail goods and services (33%), groceries (13%), health care (5%), housing (30%), cost of public/private transportation (9%) and utilities (10%). Everyday goods and services, along with housing account for 63 percent of the total cost of living index. Goods and services that are a necessity regardless of location provide an accurate general sense of the cost of living in one city versus another. As seen above, the cost of retail goods and services in Stony Brook University, NY are 11% higher than the average for New York and 22% higher than the rest of the country.

Did you know?

  • The cost of living in Stony Brook University is 26% higher than the New York average.
  • The cost of living in Stony Brook University is 51% higher than the national average.
  • The cost of housing in Stony Brook University is 116% 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 Stony Brook University, 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 Stony Brook University, 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 Stony Brook University, NY, you have to earn a higher income in order to still have the same standard of living. To operate the Stony Brook University, 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$143,229$11,936$3,342$4,297
Renters$0$0$0$0
One can approximate the cost of living and the housing affordability in Stony Brook University, NY by the percentage of a person’s income that he or she spends on the monthly housing, otherwise known as the debt-to-income ratio (DTI). To stay on the safe side and keep one’s head above the water, a consumer should never spend more than 28 percent of his or her gross income on housing-related expenses and costs and not more than 36 percent of income on all expenses and debts. Homeowners in Stony Brook University, NY have a median income of $143,229. Therefore, the amount that a consumer should spend on housing costs should be no more than $3,342 per month to avoid calamity and poverty. The renters in the city have an income of about $0, which would make their monthly maximum allowable rental costs $0.

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 Stony Brook University, 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

ItemStony Brook UniversityNational avg.Difference
Haircut $19.59$15.5625.9%
Beauty Salon $64.49$36.1178.6%
Toothpaste $3.04$2.4722.8%
Shampoo $0.98$0.961.2%
Movie $12.88$10.1327.2%
Bowling $7.01$4.7448.0%

Groceries

ItemStony Brook UniversityNational avg.Difference
Ground Beef $5.75$3.9844.3%
Fried Chicken $1.66$1.4117.7%
Milk $2.70$2.0630.8%
Potatoes $5.37$2.9880.1%
Pizza $9.80$9.473.4%
Beer $9.94$8.7913.0%

Health Care

ItemStony Brook UniversityNational avg.Difference
Optometrist $114.84$101.0413.7%
Doctor $124.85$107.4416.2%
Dentist $110.04$90.4221.7%
Ibuprofen $10.40$9.2812.1%
Lipitor $413.65$426.503.0%

Housing

ItemStony Brook UniversityNational avg.Difference
Home Price $379,500.00$175,700.00116.0%
Avg. Mortgage Payment $2,269.26$1,133.23100.2%
Apartment Rent $0.00$920.00100.0%

Transportation

ItemStony Brook UniversityNational avg.Difference
Gasoline $2.19$1.9910.0%
Tire Balancing $52.50$45.7614.7%

Utilities

ItemStony Brook UniversityNational avg.Difference
All Electricity$237.81$163.8145.2%
Phone $29.01$28.392.2%
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.
Mastic Beach, NY14,88012323%
Ridge, NY12,92112626%
Mastic, NY16,27412828%
Central Islip, NY36,23313232%
Brentwood, NY59,43613232%
Stony Brook University, NY8,99715151%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Olney, IL8,99779-21%
Chatham, NJ9,00017979%
Saline, MI9,0001000%
Lincoln Village, OH8,99485-15%
Pulaski, VA8,99385-15%
Stony Brook University, NY8,99715151%
Source: The Stony Brook University, NY cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2016.