Wappingers Falls 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.
IndexWappingers FallsNew YorkNational
Cost of living index119122100
IndexWappingers FallsNew YorkNational
Goods & Services index126112100
Groceries index122103100
Health care index115104100
Housing index112149100
Transportation index100122100
Utilities index132102100
A general overview of the cost of living index for Wappingers Falls, NY is displayed above. In Wappingers Falls, NY, the overall cost of living index is 119, which is 3% lower than the New York average and 19% higher than the U.S. average. The following categories are used to calculate the overall cost of living index: goods/services (33%), housing (30%), groceries (13%), utilities (10%), transportation (9%) and health care (5%). From the list, it is clear that the categories of goods/services and housing are responsible for the largest portions of the overall cost of living index. As a general rule, everyday goods and services provide an accurate measure of the general cost of goods in any given city. In the case of Wappingers Falls, NY, the city's goods and services are 12% higher than the New York average and 26% higher than the U.S. average.

Did you know?

  • The cost of living in Wappingers Falls is 3% lower than the New York average.
  • The cost of living in Wappingers Falls is 19% higher than the national average.
  • The cost of housing in Wappingers Falls is 12% 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 Wappingers Falls, NY Cost of living To Other Cities

Salary Calculator

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Using the salary calculator lets you compare the salary you earn in Wappingers Falls, NY to what it is in other cities. It will let you know what your earnings would have to be in another city to have the same standard of living, as determined by the cost of living in each city. For example, if the cost of living in the area you want to move to is higher than the cost of living in Wappingers Falls, NY, you have to earn a higher income in order to still have the same standard of living. To operate the Wappingers Falls, NY salary calculator, put in the name of the other city, then move the slider to the point that represents the current income. The salary calculator will take care of the rest and tell you how much more or less you must earn in the new city. A Total breakdown of the cost of living is also provided.

Median Income & Debt-To-Income Ratio

Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
Owners$73,000$6,083$1,703$2,190
Renters$44,132$3,678$1,030$1,324
The affordability of the housing market in Wappingers Falls, 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 Wappingers Falls, NY homeowners, the median income is $73,000. This indicates that a monthly maximum of $1,703 should be spent by homeowners on all housing related costs. Renters have a median income of $44,132. This indicates that renters should have a maximum of $1,030 used for their rent related monthly 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%
The New York sales tax and New York income tax rates should definitely be considered when determining the overall cost of living in Wappingers Falls, NY. Sales taxes are taxes that are imposed onto goods and services sold. Sales taxes do vary by state and can range from no tax at all to upwards of 7%. The New York sales tax is 4% and the maximum surtax is 8.875%. Income tax is the tax imposed on income by the government. The income tax rates will vary by state and will also increase or decrease depending on the corresponding tax bracket. State income tax rates can range from anywhere from no tax at all to more than 9%. The New York income tax rates range from 4% to 8.82%.

Goods & Services

ItemWappingers FallsNational 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%

Groceries

ItemWappingers FallsNational 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

ItemWappingers FallsNational 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%

Housing

ItemWappingers FallsNational avg.Difference
Home Price $184,500.00$175,700.005.0%
Avg. Mortgage Payment $2,127.00$1,081.0396.8%
Apartment Rent $1,167.00$920.0026.8%

Transportation

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

Utilities

ItemWappingers FallsNational 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.
Mountain Lodge Park, NY1,98311616%
Newburgh, NY28,61411616%
Vails Gate, NY3,47711919%
Poughkeepsie, NY30,71612020%
Haviland, NY3,51612121%
Wappingers Falls, NY5,37711919%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Diboll, TX5,37782-18%
Carle Place, NY5,37716969%
El Granada, CA5,37719595%
South Hooksett, NH5,37812020%
Zephyrhills West, FL5,37883-17%
Wappingers Falls, NY5,37711919%
Source: The Wappingers Falls, NY cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2015.