| Index | Endicott | New York | National |
| Cost of living | 94 | 121 | 100 |
| Groceries | 104 | 106 | 100 |
| Health care | 109 | 110 | 100 |
| Housing | 57 | 144 | 100 |
| Transportation | 114 | 113 | 100 |
| Utilities | 113 | 112 | 100 |
| Lifestyle & Entertainment | 112 | 111 | 100 |
| Household Items | 104 | 106 | 100 |
| Education & Childcare | 113 | 118 | 100 |
The cost of living in Endicott affects the quality of life one can afford in this new location. It allows people to assess whether they can maintain their preferred lifestyle, including housing, leisure activities and dining options. Your total monthly expenditures can varry depending on the area, as well as many other factors. The cost of living in Endicott is 94, which is 6% lower than the national average. Knowledge of the cost of living can help individuals make informed decisions about retirement savings, investments, and financial goals.
The cost of living in Endicott aligns closely with the national average when compared to other cities across the nation. Everyday essentials such as groceries, household expenses, health care and utility bills are priced at a level consistent with the average in similar urban areas. Endicott residents can anticipate that their daily expenses won't be significantly higher than those in an average city, ensuring that the cost of living remains manageable.
Housing expenses often consume a significant portion of your net income, occasionally surpassing 30%. Fortunately, housing costs in Endicott are 42.9% below the national average. This highlights the region's exceptional affordability for both homeownership and rentals in comparison to the rest of the country. This favorable housing situation allows residents to allocate a more reasonable fraction of their income to housing, resulting in enhanced financial flexibility and improved overall financial well-being.
Wondering if Endicott is affordable? It's a question that often comes up when you're thinking about a new city since affordability can really shape your decisions. The cost of living index (covered earlier), housing expenses and income levels all play a part in the affordability equation. In Endicott, for example, the median home price is 50.5% lower than what folks pay nationally, and monthly rent is 25.3% lower than the usual rates. Plus, income levels matter too, with Endicott boasting a median household income of $61,879, which is 23.9% lower than the national average.
Utilities: Similar to the prices of any goods or services, utility expenses can fluctuate widely, contingent on variables such as climate, available energy sources, geographical location and state regulations. Costs associated with electricity, water, heating, and waste disposal can differ in magnitude, depending on the specific city or state. In Endicott, the utilities index registers at 13.4% higher than the national average.
Subsidies: Certain regions may provide government subsidies or assistance initiatives designed to alleviate the cost of living burden on their residents. These programs encompass a wide range of support mechanisms, such as Medicare, Medicaid, housing subsidies, low-income home energy assistance programs, school lunch programs, supplemental nutrition assistance programs, student loans, electric vehicle tax credits, affordable care act subsidies and farming subsidies. Areas with fewer subsidy offerings might experience an elevation in their cost of living.
Taxes: Regions that impose higher taxes, including sales and income taxes, can contribute to an increased cost of living. Higher taxes for everyday necessities such as clothing, utilities and food inevitably leads to higher expenditures. Additionally, a higher income tax rate can also play a role in elevating the overall cost of living. In Endicott, the prevailing sales tax rate starts at 4%, and income tax rates kick off at 4%.
The Endicott cost of living data above is designed around a U.S. average baseline of 100, allowing for easy comparisons of relative living costs. Housing incorporates U.S. Census home price and rental data, while all other figures are AI-assisted estimates that account for regional price trends, climate, transportation dynamics, and common everyday expenses. These values are best used as directional city-to-city comparisons.
| Cost of living index | |
| Groceries index | |
| Health care index | |
| Housing index | |
| Transportation index | |
| Utilities index | |
| Lifestyle index | |
| Household index | |
| Educare index |
| Median Income | Per Year | Per Month | Max Budget (28% DTI) | Max Budget (36% DTI) |
| Owners | $84,545 | $7,045 | $1,973 | $2,537 |
| Renters | $42,442 | $3,537 | $990 | $1,273 |
| State | General Sales Tax | With Max Surtax |
| New York | 4% | 8.875% |
| State | Income Tax (Low) | Income Tax (High) |
| New York | 4% | 10.9% |
| City | Population | Cost of Living Index | National Avg. |
| Binghamton University, NY | 6,351 | 110 | 9.6% |
| Glen Aubrey, NY | 268 | 94 | 6.4% |
| Candor, NY | 926 | 93 | 7.4% |
| Binghamton, NY | 46,285 | 94 | 5.6% |
| Owego, NY | 4,004 | 95 | 5.4% |
| Endicott, NY | 12,939 | 94 | 6.2% |
| City | Population | Cost of Living Index | National Avg. |
| Wilmington, OH | 12,936 | 87 | 12.6% |
| South Charleston, WV | 12,935 | 88 | 11.9% |
| Big Bear City, CA | 12,934 | 126 | 26.1% |
| Justice, IL | 12,945 | 102 | 2.2% |
| Wells Branch, TX | 12,950 | 112 | 11.6% |
| Endicott, NY | 12,939 | 94 | 6.2% |
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