Cost Of Living In University Gardens, NY

University Gardens 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.
Index	University Gardens	New York	National
Cost of living index	183	120	100
Index	University Gardens	New York	National
Goods & Services index	148	110	100
Groceries index	128	105	100
Health care index	115	99	100
Housing index	291	149	100
Transportation index	134	111	100
Utilities index	127	102	100

An overview of the general cost of living index for University Gardens, NY is displayed above for your reference. Residents in University Gardens, NY enjoy a cost of living index of 183. This index is 53% higher than the New York average, and 83% 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 University Gardens, NY, the average cost of goods and services is 34% higher than it is in New York, and it is 48% higher than the national average.

Did you know?

The cost of living in University Gardens is 53% higher than the New York average.
The cost of living in University Gardens is 83% higher than the national average.
The cost of housing in University Gardens is 191% 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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Cost of living index
Goods & Services index
Groceries index
Health care index
Housing index
Transportation index
Utilities index

The salary calculator allows you to compare how much your current salary in University Gardens, 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 University Gardens, NY, the calculator will tell you how much more you need to earn so you can assess job offers more accurately. The University Gardens, 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 Income	Per Year	Per Month	Max Budget (28% DTI)	Max Budget (36% DTI)
Owners	$125,230	$10,436	$2,922	$3,757
Renters	$41,827	$3,486	$976	$1,255

The percent of monthly income spent on housing can be a good indicator of the affordability of housing in University Gardens, NY as well as the overall cost of living. As a general rule of thumb, the debt-to-income ratio (DTI) for homeowners or renters should be not more than 28 percent of gross income to be spent on housing related costs and not more than 36 percent of income on all expenses, including debts. The median income for University Gardens, NY homeowners, is $125,230. This would allow for a maximum of $2,922 per month to be spent on housing costs. For renters, the median monthly income is $41,827 which would result in a maximum of $976 to be spent on rental costs.

New York Sales Tax

State	General Sales Tax	With Max Surtax
New York	4%	8.875%

New York Income Tax

State	Income Tax (Low)	Income Tax (High)
New York	4%	8.82%

When considering the overall cost of living expenses in University Gardens, 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

Item	University Gardens	National avg.	Difference
Haircut	$24.02	$15.56	54.3%
Beauty Salon	$64.92	$36.11	79.8%
Toothpaste	$4.50	$2.47	82.1%
Shampoo	$1.67	$0.96	73.1%
Movie	$14.89	$10.13	47.1%
Bowling	$13.06	$4.74	175.8%

Groceries

Item	University Gardens	National avg.	Difference
Ground Beef	$6.10	$3.98	53.2%
Fried Chicken	$2.04	$1.41	44.7%
Milk	$2.45	$2.06	18.7%
Potatoes	$3.78	$2.98	26.8%
Pizza	$12.14	$9.47	28.1%
Beer	$13.06	$8.79	48.6%

Health Care

Item	University Gardens	National avg.	Difference
Optometrist	$106.66	$101.04	5.6%
Doctor	$105.00	$107.44	2.3%
Dentist	$125.00	$90.42	38.2%
Ibuprofen	$9.99	$9.28	7.7%
Lipitor	$435.07	$426.50	2.0%

Housing

Item	University Gardens	National avg.	Difference
Home Price	$631,800.00	$175,700.00	259.6%
Avg. Mortgage Payment	$5,496.82	$1,133.23	385.1%
Apartment Rent	$1,201.00	$920.00	30.5%

Transportation

Item	University Gardens	National avg.	Difference
Gasoline	$2.31	$1.99	16.1%
Tire Balancing	$79.33	$45.76	73.4%

Utilities

Item	University Gardens	National avg.	Difference
All Electricity	$232.72	$163.81	42.1%
Phone	$30.77	$28.39	8.4%

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, State	Population	Cost of Living Index	National Avg.
Guttenberg, NJ	11,397	145	45%
Roosevelt, NY	16,554	146	46%
West New York, NJ	51,511	146	46%
Uniondale, NY	24,787	146	46%
New Cassel, NY	13,988	137	37%
University Gardens, NY	4,059	183	83%

Cities with similar population

City, State	Population	Cost of Living Index	National Avg.
June Park, FL	4,059	96	-4%
Friona, TX	4,059	77	-23%
Avenue B and C, AZ	4,059	82	-18%
Gatlinburg, TN	4,059	88	-12%
Pemberwick, CT	4,058	182	82%
University Gardens, NY	4,059	183	83%

Source: The University Gardens, NY cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2016.

University Gardens, NY Cost of Living