Stony Point 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 PointNew YorkNational
Cost of living index134120100
IndexStony PointNew YorkNational
Goods & Services index114110100
Groceries index106105100
Health care index10099100
Housing index189149100
Transportation index107111100
Utilities index109102100
The above illustration supplies generalized information for the Stony Point, NY cost of living index. Compared to other cities in New York and cities across the country, the cost of living index in Stony Point, NY is 134, which is 11% higher than the New York average and 34% 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 Point, NY are 3% higher than the average for New York and 14% higher than the rest of the country.

Did you know?

  • The cost of living in Stony Point is 11% higher than the New York average.
  • The cost of living in Stony Point is 34% higher than the national average.
  • The cost of housing in Stony Point is 89% 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 Point, 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 Point, 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 Point, NY, you have to earn a higher income in order to still have the same standard of living. To operate the Stony Point, 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$112,782$9,399$2,631$3,384
Renters$50,500$4,208$1,178$1,515
If you want to find a good determining factor for the cost of living and the general affordability of housing in Stony Point, 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 Stony Point, NY, the median monthly income is $112,782 for those who own their own homes. Under the standard rule, that income level would allow for $2,631 to be budgeted for housing expenses each month, at the most. Renters, on the other hand, earn about $50,500, per the median income in the area. That would allow for renters to spend up to $1,178 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%
When you are determining the total cost of living in Stony Point, NY you will want to make sure you consider both the New York sales tax and the New York income tax rates. Sales tax come in the form of taxes levied on both services and goods that are sold. The sales tax rates are different state to state and range from zero sales tax to higher than 7%. The sales tax in New York is 4%, with the highest surtax being 8.875%. Tax that is on income by the government is income tax. Different states have different income tax rates and these rates can be higher or lower dependent on the corresponding tax bracket. The state income tax rates are different state to state and range from no income tax to more than 9% income tax. The income tax rates in New York have a range from 4% to 8.82%.

Goods & Services

ItemStony PointNational avg.Difference
Haircut $21.07$15.5635.3%
Beauty Salon $37.27$36.113.2%
Toothpaste $2.00$2.4719.2%
Shampoo $0.99$0.962.6%
Movie $12.15$10.1320.0%
Bowling $4.22$4.7411.0%

Groceries

ItemStony PointNational avg.Difference
Ground Beef $3.70$3.987.2%
Fried Chicken $1.60$1.4113.9%
Milk $2.41$2.0616.8%
Potatoes $2.72$2.988.7%
Pizza $8.23$9.4713.1%
Beer $8.92$8.791.5%

Health Care

ItemStony PointNational avg.Difference
Optometrist $114.67$101.0413.5%
Doctor $97.00$107.449.7%
Dentist $100.58$90.4211.2%
Ibuprofen $8.64$9.286.9%
Lipitor $377.50$426.5011.5%

Housing

ItemStony PointNational avg.Difference
Home Price $368,500.00$175,700.00109.7%
Avg. Mortgage Payment $1,788.76$1,133.2357.8%
Apartment Rent $1,305.00$920.0041.8%

Transportation

ItemStony PointNational avg.Difference
Gasoline $1.95$1.992.3%
Tire Balancing $58.03$45.7626.8%

Utilities

ItemStony PointNational avg.Difference
All Electricity$168.80$163.813.0%
Phone $33.50$28.3918.0%
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.
Mountain Lodge Park, NY1,9831077%
Chester, NY3,94311414%
Highland Falls, NY3,85211515%
Harriman, NY2,77111616%
Washingtonville, NY5,83711717%
Stony Point, NY12,85413434%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Lakeside, VA12,85497-3%
Palmetto, FL12,85694-6%
Lakeland North, WA12,86012020%
Grass Valley, CA12,86111515%
Buford, GA12,86497-3%
Stony Point, NY12,85413434%
Source: The Stony Point, NY cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2016.