West Glens 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.
IndexWest Glens FallsNew YorkNational
Cost of living index104120100
IndexWest Glens FallsNew YorkNational
Goods & Services index115110100
Groceries index109105100
Health care index9899100
Housing index94149100
Transportation index107111100
Utilities index91102100
A general overview of the cost of living index for West Glens Falls, NY is displayed above. In West Glens Falls, NY, the overall cost of living index is 104, which is 13% lower than the New York average and 4% 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 West Glens Falls, NY, the city's goods and services are 4% higher than the New York average and 15% higher than the U.S. average.

Did you know?

  • The cost of living in West Glens Falls is 13% lower than the New York average.
  • The cost of living in West Glens Falls is 4% higher than the national average.
  • The cost of housing in West Glens Falls is 6% 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 West Glens Falls, NY Cost of living To Other Cities

Salary Calculator

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The salary calculator is used in order to provide a comparison of your current salary in West Glens Falls, 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 West Glens Falls, NY, you would have to earn a higher income to maintain a standard of living that is similar. To get started with the West Glens Falls, 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$60,437$5,036$1,410$1,813
Renters$36,479$3,040$851$1,094
If you want to find a good determining factor for the cost of living and the general affordability of housing in West Glens Falls, 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 West Glens Falls, NY, the median monthly income is $60,437 for those who own their own homes. Under the standard rule, that income level would allow for $1,410 to be budgeted for housing expenses each month, at the most. Renters, on the other hand, earn about $36,479, per the median income in the area. That would allow for renters to spend up to $851 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 West Glens Falls, 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

ItemWest Glens FallsNational avg.Difference
Haircut $22.21$15.5642.7%
Beauty Salon $38.15$36.115.7%
Toothpaste $4.05$2.4763.8%
Shampoo $1.45$0.9649.9%
Movie $12.13$10.1319.8%
Bowling $3.69$4.7422.1%

Groceries

ItemWest Glens FallsNational avg.Difference
Ground Beef $4.52$3.9813.5%
Fried Chicken $1.47$1.414.7%
Milk $2.75$2.0633.1%
Potatoes $3.00$2.980.5%
Pizza $10.87$9.4714.7%
Beer $9.82$8.7911.7%

Health Care

ItemWest Glens FallsNational avg.Difference
Optometrist $91.63$101.049.3%
Doctor $102.93$107.444.2%
Dentist $92.72$90.422.5%
Ibuprofen $9.00$9.283.0%
Lipitor $402.30$426.505.7%

Housing

ItemWest Glens FallsNational avg.Difference
Home Price $151,600.00$175,700.0013.7%
Avg. Mortgage Payment $1,343.08$1,133.2318.5%
Apartment Rent $1,043.00$920.0013.4%

Transportation

ItemWest Glens FallsNational avg.Difference
Gasoline $2.18$1.999.5%
Tire Balancing $46.70$45.762.1%

Utilities

ItemWest Glens FallsNational avg.Difference
All Electricity$148.48$163.819.4%
Phone $26.00$28.398.4%
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.
Fort Edward, NY3,32696-4%
Argyle, NY31897-3%
Fort Ann, NY57198-2%
Hudson Falls, NY7,26699-1%
Victory, NY49999-1%
West Glens Falls, NY7,3591044%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Villa Hills, KY7,359100-0%
Spanish Fort, AL7,3571088%
Ladera Heights, CA7,36218686%
Oceano, CA7,35511717%
Hornsby Bend, TX7,35595-5%
West Glens Falls, NY7,3591044%
Source: The West Glens Falls, NY cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2016.