Elmira, NY Cost Of Living

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Elmira 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	Elmira	New York	National
Cost of living index	84	119	100
Index	Elmira	New York	National
Goods & Services index	101	109	100
Groceries index	105	108	100
Health care index	105	99	100
Housing index	48	145	100
Transportation index	102	108	100
Utilities index	79	102	100

Displayed above is a general overview of the Elmira, NY cost of living index. The overall cost of living index in Elmira, NY is 84, which is 29% lower than the New York average and 16% lower 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 Elmira, NY are 7% lower than the New York average and 1% higher than the national average.

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Did you know?

The cost of living in Elmira is 29% lower than the New York average.
The cost of living in Elmira is 16% lower than the national average.
The cost of housing in Elmira is 52% 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

Use the salary calculator to compare your current salary in Elmira, 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 Elmira, NY, then you would need to earn more income in order to maintain the same standard of living. To use the Elmira, 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	$54,797	$4,566	$1,279	$1,644
Renters	$20,099	$1,675	$469	$603

If you want to find a good determining factor for the cost of living and the general affordability of housing in Elmira, 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 Elmira, NY, the median monthly income is $54,797 for those who own their own homes. Under the standard rule, that income level would allow for $1,279 to be budgeted for housing expenses each month, at the most. Renters, on the other hand, earn about $20,099, per the median income in the area. That would allow for renters to spend up to $469 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%

When you are determining the total cost of living in Elmira, NY you will want to make sure you consider both the New York sales tax and the New York income tax rates. Sales tax come in the form of taxes levied on both services and goods that are sold. The sales tax rates are different state to state and range from zero sales tax to higher than 7%. The sales tax in New York is 4%, with the highest surtax being 8.875%. Tax that is on income by the government is income tax. Different states have different income tax rates and these rates can be higher or lower dependent on the corresponding tax bracket. The state income tax rates are different state to state and range from no income tax to more than 9% income tax. The income tax rates in New York have a range from 4% to 8.82%.

Goods & Services

Item	Elmira	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	Elmira	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	Elmira	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	Elmira	National avg.	Difference
Home Price	$70,300.00	$184,700.00	61.9%
Avg. Mortgage Payment	$1,401.79	$1,202.44	16.6%
Apartment Rent	$672.00	$949.00	29.2%

Transportation

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

Utilities

Item	Elmira	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 Heights, NY	3,899	84	-16%
Wellsburg, NY	553	84	-16%
Millport, NY	490	85	-15%
Southport, NY	6,950	85	-15%
Elmira, NY	28,583	84	-16%

Cities with similar population

City, State	Population	Cost of Living Index	National Avg.
Kingman, AZ	28,586	87	-13%
West Springfield Town, MA	28,575	108	8%
Ridgecrest, CA	28,604	105	5%
Northampton, MA	28,534	118	18%
Jacksonville, AR	28,661	90	-10%
Elmira, NY	28,583	84	-16%

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

Elmira, NY Cost of Living