Wheatley Heights 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.
IndexWheatley HeightsNew YorkNational
Cost of living index153122100
IndexWheatley HeightsNew YorkNational
Goods & Services index126112100
Groceries index122103100
Health care index115104100
Housing index227149100
Transportation index100122100
Utilities index132102100
The above illustration supplies generalized information for the Wheatley Heights, NY cost of living index. Compared to other cities in New York and cities across the country, the cost of living index in Wheatley Heights, NY is 153, which is 26% higher than the New York average and 53% higher than that for the entire country. The index is comprised of the following criteria: cost of retail goods and services (33%), groceries (13%), health care (5%), housing (30%), cost of public/private transportation (9%) and utilities (10%). Everyday goods and services, along with housing account for 63 percent of the total cost of living index. Goods and services that are a necessity regardless of location provide an accurate general sense of the cost of living in one city versus another. As seen above, the cost of retail goods and services in Wheatley Heights, NY are 12% higher than the average for New York and 26% higher than the rest of the country.

Did you know?

  • The cost of living in Wheatley Heights is 26% higher than the New York average.
  • The cost of living in Wheatley Heights is 53% higher than the national average.
  • The cost of housing in Wheatley Heights is 127% 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 Wheatley Heights, 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 Wheatley Heights, 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 Wheatley Heights, NY, you would have to earn a higher income to maintain a standard of living that is similar. To get started with the Wheatley Heights, 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$120,385$10,032$2,809$3,612
Renters$56,853$4,738$1,326$1,706
If you want to find a good determining factor for the cost of living and the general affordability of housing in Wheatley Heights, 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 Wheatley Heights, NY, the median monthly income is $120,385 for those who own their own homes. Under the standard rule, that income level would allow for $2,809 to be budgeted for housing expenses each month, at the most. Renters, on the other hand, earn about $56,853, per the median income in the area. That would allow for renters to spend up to $1,326 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 considering the overall cost of living expenses in Wheatley Heights, NY, it's important to take into account the sales tax for New York, as well as the rate for income tax in New York. Goods and services sold to consumers in any state have some form of sales tax. Each state has its own tax code, which means that sales tax rates vary from state to state, ranging from over 7% in some states to as low as 0% in others. The maximum surtax for New York is 8.875%, and the sales tax in the state of New York is 4%. Alternatively, the tax imposed on your income by the state government is known as income tax. The rate for this tax also varies from state to state, and your rate is affected by your tax bracket, which is determined by your level of income. Income tax rates might be as high as 9%, down to as low as 0%. The range for income tax rates in New York starts from 4% and goes up to 8.82%.

Goods & Services

ItemWheatley HeightsNational 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

ItemWheatley HeightsNational 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

ItemWheatley HeightsNational 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

ItemWheatley HeightsNational avg.Difference
Home Price $405,100.00$175,700.00130.6%
Avg. Mortgage Payment $2,127.00$1,081.0396.8%
Apartment Rent $2,001.00$920.00117.5%

Transportation

ItemWheatley HeightsNational avg.Difference
Gasoline $2.06$2.091.5%
Tire Balancing $47.99$45.296.0%

Utilities

ItemWheatley HeightsNational 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.
Central Islip, NY36,23313131%
Brentwood, NY59,43613131%
Baywood, NY7,68113232%
North Amityville, NY19,60813232%
North Bay Shore, NY19,99513232%
Wheatley Heights, NY5,21115353%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Shelbyville, IL5,21182-18%
Vinton, IA5,21185-15%
Twin Lakes, CA5,21216262%
Harvest, AL5,2131000%
Centreville, IL5,20882-18%
Wheatley Heights, NY5,21115353%
Source: The Wheatley Heights, NY cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2015.