Watervliet 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.
IndexWatervlietNew YorkNational
Cost of living index97119100
IndexWatervlietNew YorkNational
Goods & Services index105109100
Groceries index108108100
Health care index9999100
Housing index79145100
Transportation index105108100
Utilities index98102100
Here we can see a simple outline of the cost of living in Watervliet, NY. As you can see, with the average cost of living in Watervliet, NY being 97, that puts it 19% lower than the average of New York and 3% lower than our nation's average. This simple outline of the cost of living index was formulated using prices of: goods and services (weighted 33%), housing prices (weighted 30%), groceries (weighted 13%), utilities (weighted 10%), transportation (weighted 9%), and health care (weighted 5%). Thus, goods/services, along with housing influences the majority of the cost of living index. The price of daily goods and services is a valuable and reliable number to be aware of when considering the general price of the city's goods. In the case of Watervliet, NY, the price of goods and services are 4% lower than the average of New York as well as 5% higher than the nation's average.

Did you know?

  • The cost of living in Watervliet is 19% lower than the New York average.
  • The cost of living in Watervliet is 3% lower than the national average.
  • The cost of housing in Watervliet is 21% lower 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 Watervliet, NY Cost of living To Other Cities

Salary Calculator

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Use the salary calculator to compare your current income in Watervliet, 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 Watervliet, NY, then you would need to earn a higher salary in order to enjoy the same standard of living. To use the Watervliet, 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$68,606$5,717$1,601$2,058
Renters$36,672$3,056$856$1,100
If you want to find a good determining factor for the cost of living and the general affordability of housing in Watervliet, 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 Watervliet, NY, the median monthly income is $68,606 for those who own their own homes. Under the standard rule, that income level would allow for $1,601 to be budgeted for housing expenses each month, at the most. Renters, on the other hand, earn about $36,672, per the median income in the area. That would allow for renters to spend up to $856 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 you are determining the total cost of living in Watervliet, NY you will want to make sure you consider both the New York sales tax and the New York income tax rates. Sales tax come in the form of taxes levied on both services and goods that are sold. The sales tax rates are different state to state and range from zero sales tax to higher than 7%. The sales tax in New York is 4%, with the highest surtax being 8.875%. Tax that is on income by the government is income tax. Different states have different income tax rates and these rates can be higher or lower dependent on the corresponding tax bracket. The state income tax rates are different state to state and range from no income tax to more than 9% income tax. The income tax rates in New York have a range from 4% to 8.82%.

Goods & Services

ItemWatervlietNational avg.Difference
Haircut $19.11$16.0918.8%
Beauty Salon $30.79$37.3317.5%
Toothpaste $2.86$2.4517.0%
Shampoo $1.14$1.0014.3%
Movie $12.14$10.2818.1%
Bowling $4.11$4.9316.7%

Groceries

ItemWatervlietNational avg.Difference
Ground Beef $4.56$3.8020.0%
Fried Chicken $1.40$1.400.5%
Milk $2.32$2.0115.4%
Potatoes $3.72$3.0123.7%
Pizza $8.59$9.8913.1%
Beer $9.86$8.9010.8%

Health Care

ItemWatervlietNational avg.Difference
Optometrist $99.72$102.162.4%
Doctor $102.72$108.365.2%
Dentist $93.90$92.531.5%
Ibuprofen $9.41$9.281.5%
Lipitor $425.19$425.820.1%

Housing

ItemWatervlietNational avg.Difference
Home Price $139,000.00$184,700.0024.7%
Avg. Mortgage Payment $1,412.96$1,202.4417.5%
Apartment Rent $847.00$949.0010.7%

Transportation

ItemWatervlietNational avg.Difference
Gasoline $2.35$2.244.6%
Tire Balancing $48.83$46.295.5%

Utilities

ItemWatervlietNational avg.Difference
All Electricity$149.27$165.9610.1%
Phone $31.34$28.689.3%
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.
Schenectady, NY65,55493-7%
Green Island, NY2,61394-6%
Scotia, NY7,73296-4%
Rensselaer, NY9,43596-4%
Schaghticoke, NY53797-3%
Watervliet, NY10,20797-3%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Oil City, PA10,20783-17%
Sedona, AZ10,20913333%
Bel Air, MD10,21111111%
Little Canada, MN10,2021044%
Alpena, MI10,21382-18%
Watervliet, NY10,20797-3%
Source: The Watervliet, NY cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for 2017.