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.
The above illustration supplies generalized information for the Croton-on-Hudson, NY cost of living index. Compared to other cities in New York and cities across the country, the cost of living index in Croton-on-Hudson, NY is 155, which is 30% higher than the New York average and 55% higher than that for the entire country. The index is comprised of the following criteria: cost of retail goods and services (33%), groceries (13%), health care (5%), housing (30%), cost of public/private transportation (9%) and utilities (10%). Everyday goods and services, along with housing account for 63 percent of the total cost of living index. Goods and services that are a necessity regardless of location provide an accurate general sense of the cost of living in one city versus another. As seen above, the cost of retail goods and services in Croton-on-Hudson, NY are 11% higher than the average for New York and 22% higher than the rest of the country.
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Did you know?
The cost of living in Croton-on-Hudson is 30% higher than the New York average.
The cost of living in Croton-on-Hudson is 55% higher than the national average.
The cost of housing in Croton-on-Hudson is 144% 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 Croton-on-Hudson, NY Cost of living To Other Cities
This is how much you would need to earn in Price difference in compared to
Cost of living index
Goods & Services index
Health care index
The salary calculator is used in order to provide a comparison of your current salary in Croton-on-Hudson, NY to another city of your choice. The calculator will inform you of what your salary needs to be in any specific city in order for you to maintain your living standard based on what the city’s cost of living is. As an example, if you are seeking to move to a city that has a higher cost of living compared to Croton-on-Hudson, NY, you would have to earn a higher income to maintain a standard of living that is similar. To get started with the Croton-on-Hudson, NY salary calculator, input the new city’s name and then move the slider to indicate your current income. The salary calculator will now process the numbers and show you whether you need to earn more or less in the chosen city. A comprehensive breakdown of the cost of living will also be shown.
Median Income & Debt-To-Income Ratio
Max Budget (28% DTI)
Max Budget (36% DTI)
One can approximate the cost of living and the housing affordability in Croton-on-Hudson, 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 Croton-on-Hudson, NY have a median income of $143,688. Therefore, the amount that a consumer should spend on housing costs should be no more than $3,352 per month to avoid calamity and poverty. The renters in the city have an income of about $55,647, which would make their monthly maximum allowable rental costs $1,298.
New York Sales Tax
General Sales Tax
With Max Surtax
New York Income Tax
Income Tax (Low)
Income Tax (High)
When assessing the complete cost of living in Croton-on-Hudson, 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
Avg. Mortgage Payment
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.