Glens Falls 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.
IndexGlens FallsNew YorkNational
Cost of living index99117100
IndexGlens FallsNew YorkNational
Goods & Services index106108100
Groceries index115108100
Health care index102101100
Housing index83145100
Transportation index100102100
Utilities index10097100
A general summary of the cost of living index in Glens Falls, NY is shown above. Compared to the state average of New York the cost of living index in Glens Falls, NY is 99, which is 16% lower than the average in New York and compared to the national average it is 1% lower than. The cost of living index is made up of several categories. These are transportation at 9%, utilities at 10%, goods and services at 33%, housing at 30%, groceries at 13%, and health care at 5%. The bulk of the cost of living index comes from the categories of goods and services and housing. If you look at everyday goods and services they can be a good indicator in a certain city of the general costs of goods there. In Glens Falls, NY goods and services come in at 2% lower than the average in New York and are 6% higher than compared to the nationwide average.
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Did you know?

  • The cost of living in Glens Falls is 16% lower than the New York average.
  • The cost of living in Glens Falls is 1% lower than the national average.
  • The cost of housing in Glens Falls is 17% 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.

Compare Glens Falls, NY Cost of living To Other Cities

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      Goods & Services index
      Groceries index
      Health care index
      Housing index
      Transportation index
      Utilities index
      The salary calculator is used in order to provide a comparison of your current salary in Glens Falls, 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 Glens Falls, NY, you would have to earn a higher income to maintain a standard of living that is similar. To get started with the Glens Falls, 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

      Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
      Owners$66,795$5,566$1,558$2,004
      Renters$28,522$2,377$665$856
      The affordability of the housing market in Glens Falls, NY as well as the overall cost of living can be indicated accurately by what percent of the monthly income is spent on housing related costs. This is konwn as the debt-to-income ratio (DTI). The overall rule of thumb is that no more than 28% of your gross income should ever be used on the overall costs related to housing and no more than 36% of gross income on all expenses and debts. Among Glens Falls, NY homeowners, the median income is $66,795. This indicates that a monthly maximum of $1,558 should be spent by homeowners on all housing related costs. Renters have a median income of $28,522. This indicates that renters should have a maximum of $665 used for their rent related monthly costs.

      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 you are determining the total cost of living in Glens Falls, 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

      ItemGlens FallsNational avg.Difference
      Haircut $21.50$17.4922.9%
      Beauty Salon $43.50$38.1714.0%
      Toothpaste $2.34$2.320.8%
      Shampoo $0.94$1.017.1%
      Movie $13.40$10.7225.0%
      Bowling $15.75$13.8613.6%

      Groceries

      ItemGlens FallsNational avg.Difference
      Ground Beef $4.51$3.9015.6%
      Fried Chicken $1.41$1.401.0%
      Milk $2.09$1.966.5%
      Potatoes $3.99$3.1825.4%
      Pizza $10.57$10.391.7%
      Beer $9.99$9.238.2%

      Health Care

      ItemGlens FallsNational avg.Difference
      Optometrist $143.00$106.3434.5%
      Doctor $114.16$115.250.9%
      Dentist $98.00$98.380.4%
      Ibuprofen $9.41$9.261.6%
      Lipitor $466.00$466.470.1%

      Housing

      ItemGlens FallsNational avg.Difference
      Home Price $150,800.00$184,700.0018.4%
      Avg. Mortgage Payment $1,474.52$1,273.3215.8%
      Apartment Rent $821.00$949.0013.5%

      Transportation

      ItemGlens FallsNational avg.Difference
      Gasoline $2.74$2.595.7%
      Tire Balancing $45.73$48.906.5%

      Utilities

      ItemGlens FallsNational avg.Difference
      All Electricity$164.78$167.601.7%
      Phone $185.38$163.4213.4%
      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.
      Argyle, NY41693-7%
      Fort Edward, NY3,32893-7%
      Hudson Falls, NY7,20295-5%
      Warrensburg, NY3,22796-4%
      Fort Ann, NY42696-4%
      Glens Falls, NY14,42299-1%

      Cities with similar population

      City, StatePopulationCost of Living IndexNational Avg.
      Royal Kunia, HI14,42418686%
      Kerman, CA14,4241011%
      Miami Springs, FL14,43011515%
      Bradley Gardens, NJ14,41314444%
      College Park, GA14,43498-2%
      Glens Falls, NY14,42299-1%
      Source: The Glens Falls, NY cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for 2019.