Bayville, NY Cost Of Living

Bayville 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.
Index	Bayville	New York	National
Cost of living index	152	119	100
Index	Bayville	New York	National
Goods & Services index	122	109	100
Groceries index	109	108	100
Health care index	114	99	100
Housing index	236	145	100
Transportation index	115	108	100
Utilities index	112	102	100

Here we can see a simple outline of the cost of living in Bayville, NY. As you can see, with the average cost of living in Bayville, NY being 152, that puts it 28% higher than the average of New York and 52% higher 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 Bayville, NY, the price of goods and services are 11% higher than the average of New York as well as 22% higher than the nation's average.

Did you know?

The cost of living in Bayville is 28% higher than the New York average.
The cost of living in Bayville is 52% higher than the national average.
The cost of housing in Bayville is 136% 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.

Find Real Estate Listings In Bayville

New Real Estate Listings In Bayville

The best places in New York

Here are the best places to live in New York

See the best places to live in & around Bayville

Top 10 best public schools in Bayville

These are the 10 most affordable cities in New York

Compare Bayville, NY Cost of living To Other Cities

Salary Calculator

This is how much you would need to earn in

Price difference in compared to

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

Use the salary calculator to compare your current salary in Bayville, NY to any other city. The salary calculator will tell you how much you would need to earn in any given city to maintain the same standard of living based on the cost of living in each city. For example, if the cost of living in the city you are looking to relocate to is higher than the cost of living in Bayville, NY, then you would need to earn more income in order to maintain the same standard of living. To use the Bayville, NY salary calculator, simply enter in the name of the new city, then adjust the slider to your current income. The salary calculator will do the rest and let you know if you need to earn more or less in the new city. You will also see a complete breakdown of the cost of living.

Median Income & Debt-To-Income Ratio

Median Income	Per Year	Per Month	Max Budget (28% DTI)	Max Budget (36% DTI)
Owners	$113,299	$9,442	$2,643	$3,399
Renters	$57,696	$4,808	$1,346	$1,731

If you want to find a good determining factor for the cost of living and the general affordability of housing in Bayville, 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 Bayville, NY, the median monthly income is $113,299 for those who own their own homes. Under the standard rule, that income level would allow for $2,643 to be budgeted for housing expenses each month, at the most. Renters, on the other hand, earn about $57,696, per the median income in the area. That would allow for renters to spend up to $1,346 on monthly rental expenses.

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%	8.82%

The New York sales tax and New York income tax rates should definitely be considered when determining the overall cost of living in Bayville, NY. Sales taxes are taxes that are imposed onto goods and services sold. Sales taxes do vary by state and can range from no tax at all to upwards of 7%. The New York sales tax is 4% and the maximum surtax is 8.875%. Income tax is the tax imposed on income by the government. The income tax rates will vary by state and will also increase or decrease depending on the corresponding tax bracket. State income tax rates can range from anywhere from no tax at all to more than 9%. The New York income tax rates range from 4% to 8.82%.

Goods & Services

Item	Bayville	National avg.	Difference
Haircut	$19.87	$16.09	23.6%
Beauty Salon	$64.81	$37.33	73.6%
Toothpaste	$3.03	$2.45	23.8%
Shampoo	$0.99	$1.00	0.6%
Movie	$12.69	$10.28	23.4%
Bowling	$7.03	$4.93	42.5%

Groceries

Item	Bayville	National avg.	Difference
Ground Beef	$4.10	$3.80	7.7%
Fried Chicken	$1.44	$1.40	3.3%
Milk	$1.96	$2.01	2.6%
Potatoes	$3.47	$3.01	15.4%
Pizza	$9.98	$9.89	0.9%
Beer	$10.01	$8.90	12.6%

Health Care

Item	Bayville	National avg.	Difference
Optometrist	$115.59	$102.16	13.2%
Doctor	$124.71	$108.36	15.1%
Dentist	$112.48	$92.53	21.6%
Ibuprofen	$10.51	$9.28	13.3%
Lipitor	$413.07	$425.82	3.0%

Housing

Item	Bayville	National avg.	Difference
Home Price	$506,900.00	$184,700.00	174.4%
Avg. Mortgage Payment	$2,408.75	$1,202.44	100.3%
Apartment Rent	$1,392.00	$949.00	46.7%

Transportation

Item	Bayville	National avg.	Difference
Gasoline	$2.55	$2.24	13.7%
Tire Balancing	$54.89	$46.29	18.6%

Utilities

Item	Bayville	National avg.	Difference
All Electricity	$200.20	$165.96	20.6%
Phone	$29.17	$28.68	1.7%

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, State	Population	Cost of Living Index	National Avg.
Greenville CDP (Greene County), NY	604	109	9%
Wyandanch, NY	10,722	123	23%
North Amityville, NY	20,150	125	25%
Hartsdale, NY	5,414	128	28%
Baywood, NY	7,415	129	29%
Bayville, NY	6,745	152	52%

Cities with similar population

City, State	Population	Cost of Living Index	National Avg.
Morrilton, AR	6,746	74	-26%
Ephraim, UT	6,751	96	-4%
Lake City, SC	6,751	89	-11%
Interlaken, CA	6,738	135	35%
Souderton, PA	6,737	106	6%
Bayville, NY	6,745	152	52%

Source: The Bayville, NY cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for 2017.

Bayville, NY Cost of Living