Wesley Hills 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.
IndexWesley HillsNew YorkNational
Cost of living index165122100
IndexWesley HillsNew YorkNational
Goods & Services index126112100
Groceries index122103100
Health care index115104100
Housing index266149100
Transportation index100122100
Utilities index132102100
A general overview of the cost of living index for Wesley Hills, NY is displayed above. In Wesley Hills, NY, the overall cost of living index is 165, which is 36% higher than the New York average and 65% 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 Wesley Hills, 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 Wesley Hills is 36% higher than the New York average.
  • The cost of living in Wesley Hills is 65% higher than the national average.
  • The cost of housing in Wesley Hills is 166% 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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Salary Calculator

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The salary calculator is used in order to provide a comparison of your current salary in Wesley Hills, 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 Wesley Hills, NY, you would have to earn a higher income to maintain a standard of living that is similar. To get started with the Wesley Hills, 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 IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
Owners$104,835$8,736$2,446$3,145
Renters$55,872$4,656$1,304$1,676
The affordability of the housing market in Wesley Hills, 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 Wesley Hills, NY homeowners, the median income is $104,835. This indicates that a monthly maximum of $2,446 should be spent by homeowners on all housing related costs. Renters have a median income of $55,872. This indicates that renters should have a maximum of $1,304 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%
When assessing the complete cost of living in Wesley Hills, 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

ItemWesley HillsNational 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

ItemWesley HillsNational 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

ItemWesley HillsNational 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

ItemWesley HillsNational avg.Difference
Home Price $533,600.00$175,700.00203.7%
Avg. Mortgage Payment $2,127.00$1,081.0396.8%
Apartment Rent $1,644.00$920.0078.7%

Transportation

ItemWesley HillsNational avg.Difference
Gasoline $2.06$2.091.5%
Tire Balancing $47.99$45.296.0%

Utilities

ItemWesley HillsNational 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.
Greenville, NY5731044%
Chester, NY3,94311414%
Highland Falls, NY3,85212424%
Harriman, NY2,77112525%
Fort Montgomery, NY1,38512828%
Wesley Hills, NY5,77916565%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Mayflower Village, CA5,77914949%
Wrightsboro, NC5,78098-2%
Lewisburg, PA5,78198-2%
Jordan, MN5,7841077%
Woodcliff Lake, NJ5,785200100%
Wesley Hills, NY5,77916565%
Source: The Wesley Hills, NY cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2015.