Cost of Living in Herkimer, NY

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13%
Overall NAT. AVG.
2%
Goods & Services NAT. AVG.
44%
Housing NAT. AVG.
Date & Last Updated: This data reflects 2025 and was released from C2ER in January, 2026; this is the most current data available.
The cost of living index is based on a national average of 100. For example, if the cost of living is 90, then it is 10% lower than average. If the cost of living is 110, then it is 10% higher than average. The breakdown for each index is as follows: goods & services (33%), groceries (13%), health care (5%), housing (30%), transportation (9%) and utilities (10%). If the cost of living data was unavailable for this city, estimates based upon nearby cities were used.
Index Herkimer New York National
Cost of living87118100
Goods & Services98108100
Groceries98102100
Health care102111100
Housing56144100
Transportation107107100
Utilities101101100
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Homes For Sale In Herkimer, NY

property for sale

327 William St

Herkimer, NY
property for sale

3391 State Route 28

Herkimer, NY
property for sale

305 Graham St

Herkimer, NY
property for sale

246 N Main St

Herkimer, NY

Cost Of Living Quick Facts

  • The cost of living in Herkimer is 26% lower than the New York average
  • The cost of living in Herkimer is 13% lower than the national average
  • Herkimer housing is 44% lower than the national average
  • New York general sales tax is 22% lower than the national average
  • New York state income tax is 54% higher than the national average

Most Affordable Places to Live in and Around Herkimer

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Compare Herkimer, NY Cost of Living

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      Salary Calculator

      This is how much you would need to earn in
      Price difference in compared to
      Cost of living index
      Goods & Services index
      Groceries index
      Health care index
      Housing index
      Transportation index
      Utilities index

      Median Income & Debt-To-Income Ratio

      Median Income Per Year Per Month Max Budget (28% DTI) Max Budget (36% DTI)
      Owners$129,038$10,753$3,011$3,872
      Renters$48,719$4,060$1,137$1,462
      A good indicator of the general affordability of housing in Herkimer, NY, 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 Herkimer, the median monthly income is $129,038 for those who own their own homes. Under the standard rule, that income level would allow for $3,011 to be budgeted for housing expenses each month, at the most. Renters, on the other hand, earn about $48,719, per the median income in the area. That would allow for renters to spend up to $1,137 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% 10.9%

      Goods & Services

      Item Herkimer National avg. Difference
      Haircut $25.81$27.626.5%
      Beauty Salon $41.52$51.1118.8%
      Toothpaste $4.10$4.090.2%
      Shampoo $1.41$1.548.6%
      Movie $12.91$12.880.2%
      Yoga $15.78$19.6619.7%

      Groceries

      Item Herkimer National avg. Difference
      Ground Beef $7.90$7.702.5%
      Fried Chicken $1.52$1.668.6%
      Milk $4.87$4.732.9%
      Potatoes $5.51$5.264.8%
      Pizza $13.56$12.766.2%
      Beer $10.35$10.551.9%

      Health Care

      Item Herkimer National avg. Difference
      Optometrist $118.89$140.0615.1%
      Doctor $176.00$153.8214.4%
      Dentist $123.83$123.150.6%
      Ibuprofen $11.78$11.730.4%
      Lipitor $20.88$23.6111.6%

      Housing

      Item Herkimer National avg. Difference
      Home Price $161,155.00$326,622.0050.7%
      Avg. Mortgage Payment $1,972.21$2,480.2520.5%
      Apartment Rent $1,052.00$1,444.0027.1%

      Transportation

      Item Herkimer National avg. Difference
      Gasoline $3.26$3.066.6%
      Tire Balancing $69.78$65.217.0%

      Utilities

      Item Herkimer National avg. Difference
      All Electricity $220.84$220.120.3%
      Phone $199.26$195.711.8%
      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 Population Cost of Living Index National Avg.
      Little Falls, NY4,8248415.8%
      Bridgewater, NY4918415.8%
      Mohawk, NY2,6428514.7%
      Ilion, NY8,0398514.6%
      Dolgeville, NY2,5768614.3%
      Herkimer, NY7,1368713.0%

      Cities with similar population

      City Population Cost of Living Index National Avg.
      Piñon Hills, CA7,13612424.2%
      Marshall, MI7,1369010.5%
      Sturgis, SD7,137946.3%
      Oak Ridge, NC7,13813535.1%
      Benton, IL7,1338614.1%
      Herkimer, NY7,1368713.0%
      Date & Last Updated: This data reflects 2025 and was released from C2ER in January, 2026; this is the most current data available.
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