Walden 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.
IndexWaldenNew YorkNational
Cost of living index114119100
IndexWaldenNew YorkNational
Goods & Services index122109100
Groceries index109108100
Health care index11499100
Housing index110145100
Transportation index115108100
Utilities index112102100
An overview of the general cost of living index for Walden, NY is displayed above for your reference. Residents in Walden, NY enjoy a cost of living index of 114. This index is 4% lower than the New York average, and 14% 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 Walden, NY, the average cost of goods and services is 11% higher than it is in New York, and it is 22% higher than the national average.

Did you know?

  • The cost of living in Walden is 4% lower than the New York average.
  • The cost of living in Walden is 14% higher than the national average.
  • The cost of housing in Walden is 10% 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 Walden, NY Cost of living To Other Cities

Salary Calculator

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Use the salary calculator to compare your current salary in Walden, NY to any other city. The salary calculator will tell you how much you would need to earn in any given city to maintain the same standard of living based on the cost of living in each city. For example, if the cost of living in the city you are looking to relocate to is higher than the cost of living in Walden, NY, then you would need to earn more income in order to maintain the same standard of living. To use the Walden, NY salary calculator, simply enter in the name of the new city, then adjust the slider to your current income. The salary calculator will do the rest and let you know if you need to earn more or less in the new city. You will also see a complete breakdown of the cost of living.

Median Income & Debt-To-Income Ratio

Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
Owners$89,531$7,461$2,089$2,686
Renters$45,588$3,799$1,064$1,368
The percent of monthly income spent on housing can be a good indicator of the affordability of housing in Walden, 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 Walden, NY homeowners, is $89,531. This would allow for a maximum of $2,089 per month to be spent on housing costs. For renters, the median monthly income is $45,588 which would result in a maximum of $1,064 to be spent on rental costs.

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%
One thing to keep in mind when considering the cost of living in Walden, NY is the New York sales tax and New York income tax rates. Sales taxes are taxes that are collected on most goods or services sold. Sales taxes can vary by state and can be as high as 7% and as low as 0% as not every state imposes a sales tax. The New York sales tax rate is 4% and the maximum surtax that can be charged is 8.875%. Income tax is the tax imposed on income by both the federal and state government. The income tax rates varies by individual state and will also be higher or lower depending on the applicable tax bracket. The rates of state income tax can vary from 0% to more than 9%. The New York income tax rates range from 4% to 8.82%.

Goods & Services

ItemWaldenNational avg.Difference
Haircut $19.87$16.0923.6%
Beauty Salon $64.81$37.3373.6%
Toothpaste $3.03$2.4523.8%
Shampoo $0.99$1.000.6%
Movie $12.69$10.2823.4%
Bowling $7.03$4.9342.5%

Groceries

ItemWaldenNational avg.Difference
Ground Beef $4.10$3.807.7%
Fried Chicken $1.44$1.403.3%
Milk $1.96$2.012.6%
Potatoes $3.47$3.0115.4%
Pizza $9.98$9.890.9%
Beer $10.01$8.9012.6%

Health Care

ItemWaldenNational avg.Difference
Optometrist $115.59$102.1613.2%
Doctor $124.71$108.3615.1%
Dentist $112.48$92.5321.6%
Ibuprofen $10.51$9.2813.3%
Lipitor $413.07$425.823.0%

Housing

ItemWaldenNational avg.Difference
Home Price $208,800.00$184,700.0013.0%
Avg. Mortgage Payment $2,408.75$1,202.44100.3%
Apartment Rent $972.00$949.002.4%

Transportation

ItemWaldenNational avg.Difference
Gasoline $2.55$2.2413.7%
Tire Balancing $54.89$46.2918.6%

Utilities

ItemWaldenNational avg.Difference
All Electricity$200.20$165.9620.6%
Phone $29.17$28.681.7%
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.
Napanoch, NY1,1291022%
Ellenville, NY4,0971044%
Newburgh, NY28,40611111%
Maybrook, NY3,17811111%
Mountain Lodge Park, NY1,72611212%
Walden, NY6,76911414%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Anadarko, OK6,76878-22%
Nappanee, IN6,76790-10%
Allendale, NJ6,76717171%
Wimauma, FL6,77291-9%
Wickenburg, AZ6,7661000%
Walden, NY6,76911414%
Source: The Walden, NY cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for 2017.