Big Flats, NY Cost Of Living

Big Flats 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	Big Flats	New York	National
Cost of living index	95	119	100
Index	Big Flats	New York	National
Goods & Services index	101	109	100
Groceries index	105	108	100
Health care index	105	99	100
Housing index	86	145	100
Transportation index	102	108	100
Utilities index	79	102	100

An overview of the general cost of living index for Big Flats, NY is displayed above for your reference. Residents in Big Flats, NY enjoy a cost of living index of 95. This index is 20% lower than the New York average, and 5% lower than the national average. The following categories are used when determining the cost of living index for any given city: health care (5%), transportation (9%), utilities (10%), groceries (13%), housing (30%), and goods/services (33%). Clearly, housing and goods/services make up the majority of the formula for calculating the cost of living index. Because of this, the general cost of living for any given area can be estimated by looking at the cost of everyday goods in that area. For those living in Big Flats, NY, the average cost of goods and services is 7% lower than it is in New York, and it is 1% higher than the national average.

Did you know?

The cost of living in Big Flats is 20% lower than the New York average.
The cost of living in Big Flats is 5% lower than the national average.
The cost of housing in Big Flats is 14% 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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Cost of living index
Goods & Services index
Groceries index
Health care index
Housing index
Transportation index
Utilities index

The salary calculator allows you to compare how much your current salary in Big Flats, NY would be worth in another city. In other words, the salary calculator will adjust the figure you enter for cost of living so that you can determine how much more or much less you would need to earn while maintaining your current quality of living. If you are considering relocating to a more expensive city than Big Flats, NY, the calculator will tell you how much more you need to earn so you can assess job offers more accurately. The Big Flats, NY salary calculator is easy to use. All you do is enter the name of another city, then move the slider to your current income. After that, the salary calculator will crunch the numbers for you and give you the information you need about the place you are considering going. Additionally, it will show a detailed 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	$73,466	$6,122	$1,714	$2,204
Renters	$37,969	$3,164	$886	$1,139

How much of your monthly income goes to housing can tell you whether or not you can afford housing in Big Flats, NY, as well as what the average cost of living is. Generally, a good rule to follow is that the debt-to-income (DTI) level you want to maintain is 28 percent or less of your income on your rent or mortgage payment and not more than 36 percent of income on all expenses and debts. In Big Flats, NY homeowners have a median income of $73,466. Using that number, you will come up with a maximum of $1,714 per month that can be spent on the cost of housing. For those who are renting instead of owning, the median income is $37,969, which means there is a maximum of $886 to be spent on the costs of renting a home or apartment.

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%

One thing to keep in mind when considering the cost of living in Big Flats, NY is the New York sales tax and New York income tax rates. Sales taxes are taxes that are collected on most goods or services sold. Sales taxes can vary by state and can be as high as 7% and as low as 0% as not every state imposes a sales tax. The New York sales tax rate is 4% and the maximum surtax that can be charged is 8.875%. Income tax is the tax imposed on income by both the federal and state government. The income tax rates varies by individual state and will also be higher or lower depending on the applicable tax bracket. The rates of state income tax can vary from 0% to more than 9%. The New York income tax rates range from 4% to 8.82%.

Goods & Services

Item	Big Flats	National avg.	Difference
Haircut	$16.50	$16.09	2.6%
Beauty Salon	$31.03	$37.33	16.9%
Toothpaste	$2.17	$2.45	11.2%
Shampoo	$1.55	$1.00	55.2%
Movie	$12.56	$10.28	22.2%
Bowling	$4.00	$4.93	18.9%

Groceries

Item	Big Flats	National avg.	Difference
Ground Beef	$3.68	$3.80	3.3%
Fried Chicken	$1.20	$1.40	13.9%
Milk	$2.18	$2.01	8.6%
Potatoes	$3.46	$3.01	14.8%
Pizza	$11.50	$9.89	16.3%
Beer	$8.91	$8.90	0.2%

Health Care

Item	Big Flats	National avg.	Difference
Optometrist	$104.44	$102.16	2.2%
Doctor	$131.67	$108.36	21.5%
Dentist	$89.33	$92.53	3.5%
Ibuprofen	$8.66	$9.28	6.6%
Lipitor	$423.86	$425.82	0.5%

Housing

Item	Big Flats	National avg.	Difference
Home Price	$149,600.00	$184,700.00	19.0%
Avg. Mortgage Payment	$1,401.79	$1,202.44	16.6%
Apartment Rent	$927.00	$949.00	2.3%

Transportation

Item	Big Flats	National avg.	Difference
Gasoline	$2.36	$2.24	5.2%
Tire Balancing	$44.97	$46.29	2.9%

Utilities

Item	Big Flats	National avg.	Difference
All Electricity	$145.80	$165.96	12.2%
Phone	$19.99	$28.68	30.3%

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.
Erin, NY	367	99	-1%
Elmira, NY	28,583	84	-16%
Elmira Heights, NY	3,899	84	-16%
Wellsburg, NY	553	84	-16%
Coopers Plains, NY	428	84	-16%
Big Flats, NY	5,446	95	-5%

Cities with similar population

City, State	Population	Cost of Living Index	National Avg.
Willard, MO	5,447	87	-13%
Litchfield Park, AZ	5,449	120	20%
Rockwood, TN	5,443	74	-26%
Old Bethpage, NY	5,439	172	72%
Isanti, MN	5,453	97	-3%
Big Flats, NY	5,446	95	-5%

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

Big Flats, NY Cost of Living