Chester 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.
IndexChesterNew YorkNational
Cost of living index113117100
IndexChesterNew YorkNational
Goods & Services index114108100
Groceries index108108100
Health care index107101100
Housing index120145100
Transportation index111102100
Utilities index10597100
Here we can see a simple outline of the cost of living in Chester, NY. As you can see, with the average cost of living in Chester, NY being 113, that puts it 3% lower than the average of New York and 13% 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 Chester, NY, the price of goods and services are 5% higher than the average of New York as well as 14% higher than the nation's average.
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Did you know?

  • The cost of living in Chester is 3% lower than the New York average.
  • The cost of living in Chester is 13% higher than the national average.
  • The cost of housing in Chester is 20% 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.

Compare Chester, NY Cost of living To Other Cities

Salary Calculator

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Use the salary calculator to compare your current income in Chester, 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 Chester, NY, then you would need to earn a higher salary in order to enjoy the same standard of living. To use the Chester, 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$87,355$7,280$2,038$2,621
Renters$44,653$3,721$1,042$1,340
How much of your monthly income goes to housing can tell you whether or not you can afford housing in Chester, 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 Chester, NY homeowners have a median income of $87,355. Using that number, you will come up with a maximum of $2,038 per month that can be spent on the cost of housing. For those who are renting instead of owning, the median income is $44,653, which means there is a maximum of $1,042 to be spent on the costs of renting a home or apartment.

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 Chester, 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

ItemChesterNational avg.Difference
Haircut $24.00$17.4937.2%
Beauty Salon $39.00$38.172.2%
Toothpaste $2.01$2.3213.4%
Shampoo $1.09$1.017.7%
Movie $12.14$10.7213.2%
Bowling $18.40$13.8632.7%

Groceries

ItemChesterNational avg.Difference
Ground Beef $3.85$3.901.3%
Fried Chicken $1.66$1.4018.9%
Milk $2.21$1.9612.6%
Potatoes $3.39$3.186.5%
Pizza $11.99$10.3915.4%
Beer $8.99$9.232.6%

Health Care

ItemChesterNational avg.Difference
Optometrist $113.00$106.346.3%
Doctor $96.67$115.2516.1%
Dentist $121.00$98.3823.0%
Ibuprofen $8.95$9.263.4%
Lipitor $537.05$466.4715.1%

Housing

ItemChesterNational avg.Difference
Home Price $205,300.00$184,700.0011.2%
Avg. Mortgage Payment $2,311.62$1,273.3281.5%
Apartment Rent $1,338.00$949.0041.0%

Transportation

ItemChesterNational avg.Difference
Gasoline $2.77$2.597.0%
Tire Balancing $59.00$48.9020.7%

Utilities

ItemChesterNational avg.Difference
All Electricity$184.45$167.6010.1%
Phone $177.03$163.428.3%
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, StatePopulationCost of Living IndexNational Avg.
Newburgh, NY28,40611414%
Maybrook, NY3,1781077%
Vernon Center, NJ1,8871011%
Mountain Lodge Park, NY1,7261077%
Harriman, NY2,5561099%
Chester, NY3,89611313%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Belleville, MI3,89692-8%
Port Reading, NJ3,89612424%
Montesano, WA3,8971066%
Park Rapids, MN3,89888-12%
Elmira Heights, NY3,89984-16%
Chester, NY3,89611313%
Source: The Chester, NY cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for 2019.
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