Canton 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.
IndexCantonNew YorkNational
Cost of living index102117100
IndexCantonNew YorkNational
Goods & Services index104108100
Groceries index111108100
Health care index100101100
Housing index88145100
Transportation index113102100
Utilities index11997100
Displayed above is a general overview of the Canton, NY cost of living index. The overall cost of living index in Canton, NY is 102, which is 13% lower than the New York average and 2% higher than the national average. The cost of living index is created from the following categories: goods/services (33%), groceries (13%), health care (5%), housing (30%), transportation (9%) and utilities (10%). As you can see, goods/services and housing make up the majority of the overall cost of living index. Everyday goods and services can be a good indicator of the general cost of goods in a given city. In this case, the goods and services in Canton, NY are 4% lower than the New York average and 4% higher than the national average.
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Did you know?

  • The cost of living in Canton is 13% lower than the New York average.
  • The cost of living in Canton is 2% higher than the national average.
  • The cost of housing in Canton is 12% 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.

Compare Canton, NY Cost of living To Other Cities

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      Goods & Services index
      Groceries index
      Health care index
      Housing index
      Transportation index
      Utilities index
      Use the salary calculator to compare your current income in Canton, NY to any other city in the country. The calculator will tell you how much income you would need to make in a particular city to live at the same level based on the cost of living in each city. For example, if the cost of living in the city you are looking to move to is higher than that of Canton, NY, then you would need to earn a higher salary in order to enjoy the same standard of living. To use the Canton, NY salary calculator, enter the name of the new city, then move the slider to your current salary level. The salary calculator will do the rest and let you know if your salary would need to increase or decrease for the new city. You will also see a complete overview of the cost of living.

      Median Income & Debt-To-Income Ratio

      Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
      Owners$80,000$6,667$1,867$2,400
      Renters$26,923$2,244$628$808
      One can approximate the cost of living and the housing affordability in Canton, NY by the percentage of a person’s income that he or she spends on the monthly housing, otherwise known as the debt-to-income ratio (DTI). To stay on the safe side and keep one’s head above the water, a consumer should never spend more than 28 percent of his or her gross income on housing-related expenses and costs and not more than 36 percent of income on all expenses and debts. Homeowners in Canton, NY have a median income of $80,000. Therefore, the amount that a consumer should spend on housing costs should be no more than $1,867 per month to avoid calamity and poverty. The renters in the city have an income of about $26,923, which would make their monthly maximum allowable rental costs $628.

      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 assessing the complete cost of living in Canton, NY, the New York income tax and the New York sales tax percentages should unquestionably be taken into consideration. Sales taxes aren't just levies imposed onto sold goods, but they also include taxes that are charged when services are provided for a fee. The rates are different from state to state and can run has high as 7 percent. Some states have no sales tax at all. The New York maximum surtax is 8.875%, and the New York sales tax is 4%. By contrast, income tax is an unfortunate obligation that is charged by the government against earnings. Just like sales taxes, the rates for income taxes differ from state to state. They also decrease or increase according to the individual's tax bracket. Tax rates can run as high as 9 percent, with a minimum of zero. Income tax rates range from 4% to 8.82% in New York.

      Goods & Services

      ItemCantonNational avg.Difference
      Haircut $23.00$17.4931.5%
      Beauty Salon $49.00$38.1728.4%
      Toothpaste $2.10$2.329.5%
      Shampoo $1.05$1.013.8%
      Movie $9.75$10.729.1%
      Bowling $13.50$13.862.6%

      Groceries

      ItemCantonNational avg.Difference
      Ground Beef $4.44$3.9013.8%
      Fried Chicken $1.39$1.400.4%
      Milk $2.82$1.9643.7%
      Potatoes $3.50$3.1810.0%
      Pizza $10.99$10.395.7%
      Beer $9.99$9.238.2%

      Health Care

      ItemCantonNational avg.Difference
      Optometrist $130.00$106.3422.3%
      Doctor $113.00$115.252.0%
      Dentist $94.00$98.384.5%
      Ibuprofen $9.66$9.264.3%
      Lipitor $491.49$466.475.4%

      Housing

      ItemCantonNational avg.Difference
      Home Price $163,700.00$184,700.0011.4%
      Avg. Mortgage Payment $1,772.45$1,273.3239.2%
      Apartment Rent $807.00$949.0015.0%

      Transportation

      ItemCantonNational avg.Difference
      Gasoline $2.75$2.596.2%
      Tire Balancing $63.00$48.9028.8%

      Utilities

      ItemCantonNational avg.Difference
      All Electricity$227.95$167.6036.0%
      Phone $176.40$163.427.9%
      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.
      Ogdensburg, NY10,93789-11%
      Hermon, NY40185-15%
      Rensselaer Falls, NY36991-9%
      Norwood, NY1,69491-9%
      Madrid, NY68491-9%
      Canton, NY6,6241022%

      Cities with similar population

      City, StatePopulationCost of Living IndexNational Avg.
      Crozet, VA6,62012020%
      Homeland, CA6,62895-5%
      Garrett, IN6,62082-18%
      Welcome, SC6,62987-13%
      Oak Ridge, NC6,61711515%
      Canton, NY6,6241022%
      Source: The Canton, NY cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for 2019.