Valley Cottage, NY Cost Of Living

Valley Cottage 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	Valley Cottage	New York	National
Cost of living index	142	119	100
Index	Valley Cottage	New York	National
Goods & Services index	122	109	100
Groceries index	109	108	100
Health care index	114	99	100
Housing index	201	145	100
Transportation index	115	108	100
Utilities index	112	102	100

A general summary of the cost of living index in Valley Cottage, NY is shown above. Compared to the state average of New York the cost of living index in Valley Cottage, NY is 142, which is 20% higher than the average in New York and compared to the national average it is 42% higher than. The cost of living index is made up of several categories. These are transportation at 9%, utilities at 10%, goods and services at 33%, housing at 30%, groceries at 13%, and health care at 5%. The bulk of the cost of living index comes from the categories of goods and services and housing. If you look at everyday goods and services they can be a good indicator in a certain city of the general costs of goods there. In Valley Cottage, NY goods and services come in at 11% higher than the average in New York and are 22% higher than compared to the nationwide average.

Did you know?

The cost of living in Valley Cottage is 20% higher than the New York average.
The cost of living in Valley Cottage is 42% higher than the national average.
The cost of housing in Valley Cottage is 101% 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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Price difference in compared to

Cost of living index
Goods & Services index
Groceries index
Health care index
Housing index
Transportation index
Utilities index

The salary calculator is used in order to provide a comparison of your current salary in Valley Cottage, NY to another city of your choice. The calculator will inform you of what your salary needs to be in any specific city in order for you to maintain your living standard based on what the city’s cost of living is. As an example, if you are seeking to move to a city that has a higher cost of living compared to Valley Cottage, NY, you would have to earn a higher income to maintain a standard of living that is similar. To get started with the Valley Cottage, NY salary calculator, input the new city’s name and then move the slider to indicate your current income. The salary calculator will now process the numbers and show you whether you need to earn more or less in the chosen city. A comprehensive breakdown of the cost of living will also be shown.

Median Income & Debt-To-Income Ratio

Median Income	Per Year	Per Month	Max Budget (28% DTI)	Max Budget (36% DTI)
Owners	$107,111	$8,926	$2,499	$3,214
Renters	$53,627	$4,469	$1,251	$1,609

The affordability of the housing market in Valley Cottage, NY as well as the overall cost of living can be indicated accurately by what percent of the monthly income is spent on housing related costs. This is konwn as the debt-to-income ratio (DTI). The overall rule of thumb is that no more than 28% of your gross income should ever be used on the overall costs related to housing and no more than 36% of gross income on all expenses and debts. Among Valley Cottage, NY homeowners, the median income is $107,111. This indicates that a monthly maximum of $2,499 should be spent by homeowners on all housing related costs. Renters have a median income of $53,627. This indicates that renters should have a maximum of $1,251 used for their rent related monthly 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 Valley Cottage, 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	Valley Cottage	National avg.	Difference
Haircut	$19.87	$16.09	23.6%
Beauty Salon	$64.81	$37.33	73.6%
Toothpaste	$3.03	$2.45	23.8%
Shampoo	$0.99	$1.00	0.6%
Movie	$12.69	$10.28	23.4%
Bowling	$7.03	$4.93	42.5%

Groceries

Item	Valley Cottage	National avg.	Difference
Ground Beef	$4.10	$3.80	7.7%
Fried Chicken	$1.44	$1.40	3.3%
Milk	$1.96	$2.01	2.6%
Potatoes	$3.47	$3.01	15.4%
Pizza	$9.98	$9.89	0.9%
Beer	$10.01	$8.90	12.6%

Health Care

Item	Valley Cottage	National avg.	Difference
Optometrist	$115.59	$102.16	13.2%
Doctor	$124.71	$108.36	15.1%
Dentist	$112.48	$92.53	21.6%
Ibuprofen	$10.51	$9.28	13.3%
Lipitor	$413.07	$425.82	3.0%

Housing

Item	Valley Cottage	National avg.	Difference
Home Price	$401,900.00	$184,700.00	117.6%
Avg. Mortgage Payment	$2,408.75	$1,202.44	100.3%
Apartment Rent	$1,541.00	$949.00	62.4%

Transportation

Item	Valley Cottage	National avg.	Difference
Gasoline	$2.55	$2.24	13.7%
Tire Balancing	$54.89	$46.29	18.6%

Utilities

Item	Valley Cottage	National avg.	Difference
All Electricity	$200.20	$165.96	20.6%
Phone	$29.17	$28.68	1.7%

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, State	Population	Cost of Living Index	National Avg.
Greenville CDP (Greene County), NY	604	109	9%
Harriman, NY	2,556	113	13%
Paterson, NJ	146,894	115	15%
Prospect Park, NJ	5,919	119	19%
Mount Ivy, NY	6,792	122	22%
Valley Cottage, NY	10,443	142	42%

Cities with similar population

City, State	Population	Cost of Living Index	National Avg.
Wyomissing, PA	10,442	108	8%
Middle Island, NY	10,441	124	24%
Struthers, OH	10,445	79	-21%
Montgomery, OH	10,440	117	17%
Collegedale, TN	10,438	94	-6%
Valley Cottage, NY	10,443	142	42%

Source: The Valley Cottage, NY cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for 2017.

Valley Cottage, NY Cost of Living