Cost Of Living in Alfred, NY

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A-

10%

Overall NAT. AVG.

2%

Goods & Services NAT. AVG.

33%

Housing NAT. AVG.

Date & Last Updated: This data reflects 2023 and was released from C2ER in January, 2024; this is the most current data available.

The cost of living index is based on a national average of 100. For example, if the cost of living is 90, then it is 10% lower than average. If the cost of living is 110, then it is 10% higher than average. The breakdown for each index is as follows: goods & services (33%), groceries (13%), health care (5%), housing (30%), transportation (9%) and utilities (10%). If the cost of living data was unavailable for this city, estimates based upon nearby cities were used.
Index	Alfred	New York	National
Cost of living	90	117	100
Goods & Services	102	108	100
Groceries	98	102	100
Health care	99	103	100
Housing	67	145	100
Transportation	108	105	100
Utilities	92	100	100

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Cost Of Living Quick Facts

The cost of living in Alfred is 23% lower than the New York average
The cost of living in Alfred is 10% lower than the national average
Alfred housing is 33% lower than the national average
New York general sales tax is 22% lower than the national average
New York state income tax is 54% higher than the national average

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Price difference in compared to

Cost of living index
Goods & Services index
Groceries index
Health care index
Housing index
Transportation index
Utilities index

Median Income & Debt-To-Income Ratio

Median Income	Per Year	Per Month	Max Budget (28% DTI)	Max Budget (36% DTI)
Owners	$57,813	$4,818	$1,349	$1,735
Renters	$18,438	$1,537	$430	$553

The percent of monthly income spent on housing can be a good indicator of the affordability of housing in Alfred, NY, as well as the overall cost of living. As a general rule of thumb, the debt-to-income ratio (DTI) for homeowners or renters should be not more than 28 percent of gross income to be spent on housing related costs and not more than 36 percent of income on all expenses, including debts. The median income for Alfred homeowners, is $57,813. This would allow for a maximum of $1,349 per month to be spent on housing costs. For renters, the median monthly income is $18,438 which would result in a maximum of $430 to be spent on rental costs.

New York Sales Tax

State	General Sales Tax	With Max Surtax
New York	4%	8.875%

New York Income Tax

State	Income Tax (Low)	Income Tax (High)
New York	4%	10.9%

Goods & Services

Item	Alfred	National avg.	Difference
Haircut	$26.78	$24.26	10.4%
Beauty Salon	$44.58	$45.56	2.2%
Toothpaste	$3.72	$3.70	0.4%
Shampoo	$1.70	$1.28	32.6%
Movie	$15.90	$12.13	31.0%
Bowling	$24.25	$18.00	34.7%

Groceries

Item	Alfred	National avg.	Difference
Ground Beef	$6.04	$5.84	3.5%
Fried Chicken	$1.55	$1.57	1.4%
Milk	$5.16	$4.67	10.5%
Potatoes	$5.21	$4.93	5.7%
Pizza	$13.16	$12.09	8.9%
Beer	$11.98	$10.41	15.1%

Health Care

Item	Alfred	National avg.	Difference
Optometrist	$124.25	$125.68	1.1%
Doctor	$154.18	$135.78	13.6%
Dentist	$124.68	$113.29	10.1%
Ibuprofen	$11.17	$10.65	4.8%
Lipitor	$398.58	$468.60	14.9%

Housing

Item	Alfred	National avg.	Difference
Home Price	$115,300.00	$184,700.00	37.6%
Avg. Mortgage Payment	$5,235.60	$2,346.69	123.1%
Apartment Rent	$722.00	$949.00	23.9%

Transportation

Item	Alfred	National avg.	Difference
Gasoline	$3.58	$3.46	3.6%
Tire Balancing	$59.33	$59.92	1.0%

Utilities

Item	Alfred	National avg.	Difference
All Electricity	$196.28	$193.99	1.2%
Phone	$200.67	$192.25	4.4%

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	Population	Cost of Living Index	National Avg.
Andover, NY	856	84	16.1%
Hornell, NY	8,274	84	15.9%
Belmont, NY	797	80	19.7%
Wellsville, NY	4,397	80	19.5%
Stannards, NY	632	81	19.3%
Alfred, NY	4,193	90	9.6%

Cities with similar population

City	Population	Cost of Living Index	National Avg.
Spindale, NC	4,193	82	17.6%
Bonsall, CA	4,194	177	77.2%
Tiptonville, TN	4,194	78	21.7%
Oakwood, GA	4,191	94	6.1%
Bancroft, ON	4,191	n/a
Alfred, NY	4,193	90	9.6%