Thornwood 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.
IndexThornwoodNew YorkNational
Cost of living index169122100
IndexThornwoodNew YorkNational
Goods & Services index126112100
Groceries index122103100
Health care index115104100
Housing index280149100
Transportation index100122100
Utilities index132102100
An overview of the general cost of living index for Thornwood, NY is displayed above for your reference. Residents in Thornwood, NY enjoy a cost of living index of 169. This index is 39% higher than the New York average, and 69% higher 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 Thornwood, NY, the average cost of goods and services is 12% higher than it is in New York, and it is 26% higher than the national average.

Did you know?

  • The cost of living in Thornwood is 39% higher than the New York average.
  • The cost of living in Thornwood is 69% higher than the national average.
  • The cost of housing in Thornwood is 180% 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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Salary Calculator

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Use the salary calculator to compare your current income in Thornwood, NY to any other city in the country. The calculator will tell you how much income you would need to make in a particular city to live at the same level based on the cost of living in each city. For example, if the cost of living in the city you are looking to move to is higher than that of Thornwood, NY, then you would need to earn a higher salary in order to enjoy the same standard of living. To use the Thornwood, NY salary calculator, enter the name of the new city, then move the slider to your current salary level. The salary calculator will do the rest and let you know if your salary would need to increase or decrease for the new city. You will also see a complete overview of the cost of living.

Median Income & Debt-To-Income Ratio

Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
How much of your monthly income goes to housing can tell you whether or not you can afford housing in Thornwood, 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 Thornwood, NY homeowners have a median income of $132,391. Using that number, you will come up with a maximum of $3,089 per month that can be spent on the cost of housing. For those who are renting instead of owning, the median income is $70,000, which means there is a maximum of $1,633 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 considering the overall cost of living expenses in Thornwood, NY, it's important to take into account the sales tax for New York, as well as the rate for income tax in New York. Goods and services sold to consumers in any state have some form of sales tax. Each state has its own tax code, which means that sales tax rates vary from state to state, ranging from over 7% in some states to as low as 0% in others. The maximum surtax for New York is 8.875%, and the sales tax in the state of New York is 4%. Alternatively, the tax imposed on your income by the state government is known as income tax. The rate for this tax also varies from state to state, and your rate is affected by your tax bracket, which is determined by your level of income. Income tax rates might be as high as 9%, down to as low as 0%. The range for income tax rates in New York starts from 4% and goes up to 8.82%.

Goods & Services

ItemThornwoodNational 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%


ItemThornwoodNational 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

ItemThornwoodNational 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%


ItemThornwoodNational avg.Difference
Home Price $574,800.00$175,700.00227.1%
Avg. Mortgage Payment $2,127.00$1,081.0396.8%
Apartment Rent $1,561.00$920.0069.7%


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


ItemThornwoodNational 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.
Greenville, NY5731044%
Mount Ivy, NY6,92612828%
Spring Valley, NY32,00712929%
West Haverstraw, NY10,30813232%
Haverstraw, NY12,06013232%
Thornwood, NY4,24816969%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Hampstead, NC4,2471066%
Castle Hills, TX4,2471055%
Florence, MS4,24988-12%
Ely, NV4,25087-13%
Bristow, OK4,25180-20%
Thornwood, NY4,24816969%
Source: The Thornwood, NY cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2015.