Valley Stream 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.
IndexValley StreamNew YorkNational
Cost of living index157122100
IndexValley StreamNew YorkNational
Goods & Services index151112100
Groceries index121103100
Health care index117104100
Housing index198149100
Transportation index138122100
Utilities index133102100
An overview of the general cost of living index for Valley Stream, NY is displayed above for your reference. Residents in Valley Stream, NY enjoy a cost of living index of 157. This index is 29% higher than the New York average, and 57% 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 Valley Stream, NY, the average cost of goods and services is 34% higher than it is in New York, and it is 51% higher than the national average.

Did you know?

  • The cost of living in Valley Stream is 29% higher than the New York average.
  • The cost of living in Valley Stream is 57% higher than the national average.
  • The cost of housing in Valley Stream is 98% 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.

Find Real Estate Listings In Valley Stream

Location
Price
Bedrooms
Bathrooms
 

New Real Estate Listings In Valley Stream

Compare Valley Stream, NY Cost of living To Other Cities

Salary Calculator

This is how much you would need to earn in
Price difference in compared to
Cost of living index
Goods & Services index
Groceries index
Health care index
Housing index
Transportation index
Utilities index
Use the salary calculator to compare your current income in Valley Stream, 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 Valley Stream, NY, then you would need to earn a higher salary in order to enjoy the same standard of living. To use the Valley Stream, 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)
Owners$100,442$8,370$2,343$3,014
Renters$55,638$4,637$1,298$1,669
If you want to find a good determining factor for the cost of living and the general affordability of housing in Valley Stream, 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 Valley Stream, NY, the median monthly income is $100,442 for those who own their own homes. Under the standard rule, that income level would allow for $2,343 to be budgeted for housing expenses each month, at the most. Renters, on the other hand, earn about $55,638, per the median income in the area. That would allow for renters to spend up to $1,298 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 assessing the complete cost of living in Valley Stream, NY, the New York income tax and the New York sales tax percentages should unquestionably be taken into consideration. Sales taxes aren't just levies imposed onto sold goods, but they also include taxes that are charged when services are provided for a fee. The rates are different from state to state and can run has high as 7 percent. Some states have no sales tax at all. The New York maximum surtax is 8.875%, and the New York sales tax is 4%. By contrast, income tax is an unfortunate obligation that is charged by the government against earnings. Just like sales taxes, the rates for income taxes differ from state to state. They also decrease or increase according to the individual's tax bracket. Tax rates can run as high as 9 percent, with a minimum of zero. Income tax rates range from 4% to 8.82% in New York.

Goods & Services

ItemValley StreamNational avg.Difference
Haircut $22.50$14.5954.2%
Beauty Salon $70.55$34.68103.4%
Toothpaste $4.04$2.4763.3%
Shampoo $1.14$1.0211.5%
Movie $13.83$9.8740.1%
Bowling $12.33$4.39180.8%

Groceries

ItemValley StreamNational avg.Difference
Ground Beef $4.46$4.480.4%
Fried Chicken $1.04$1.4629.0%
Milk $1.92$2.3618.5%
Potatoes $4.37$3.0642.7%
Pizza $11.49$9.2424.3%
Beer $13.09$8.6351.6%

Health Care

ItemValley StreamNational avg.Difference
Optometrist $103.33$99.783.6%
Doctor $122.50$105.0316.6%
Dentist $117.50$88.7032.5%
Ibuprofen $10.06$9.416.9%
Lipitor $302.11$298.501.2%

Housing

ItemValley StreamNational avg.Difference
Home Price $371,000.00$175,700.00111.2%
Avg. Mortgage Payment $4,902.79$1,081.03353.5%
Apartment Rent $1,547.00$920.0068.2%

Transportation

ItemValley StreamNational avg.Difference
Gasoline $2.64$2.0926.2%
Tire Balancing $78.00$45.2972.2%

Utilities

ItemValley StreamNational avg.Difference
All Electricity$259.80$170.8052.1%
Phone $30.33$28.267.3%
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.
Roosevelt, NY16,55414747%
Uniondale, NY24,78714747%
New Cassel, NY13,98813636%
Hempstead, NY54,80114848%
Freeport, NY43,16814949%
Valley Stream, NY37,76415757%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
The Acreage, FL37,7731099%
Lancaster, TX37,73196-4%
Muskegon, MI37,82282-18%
Montclair, CA37,68511818%
Lincoln Park, MI37,64882-18%
Valley Stream, NY37,76415757%
Source: The Valley Stream, NY cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2015.