An overview of the general cost of living index for Geneva, NY is displayed above for your reference. Residents in Geneva, NY enjoy a cost of living index of 86. This index is 27% lower than the New York average, and 14% lower than the national average. The following categories are used when determining the cost of living index for any given city: health care (5%), transportation (9%), utilities (10%), groceries (13%), housing (30%), and goods/services (33%). Clearly, housing and goods/services make up the majority of the formula for calculating the cost of living index. Because of this, the general cost of living for any given area can be estimated by looking at the cost of everyday goods in that area. For those living in Geneva, NY, the average cost of goods and services is 7% lower than it is in New York, and it is 1% higher than the national average.