Mechanicstown 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.
IndexMechanicstownNew YorkNational
Cost of living index111117100
IndexMechanicstownNew YorkNational
Goods & Services index114108100
Groceries index108108100
Health care index107101100
Housing index111145100
Transportation index111102100
Utilities index10597100
Here we can see a simple outline of the cost of living in Mechanicstown, NY. As you can see, with the average cost of living in Mechanicstown, NY being 111, that puts it 6% lower than the average of New York and 11% higher than our nation's average. This simple outline of the cost of living index was formulated using prices of: goods and services (weighted 33%), housing prices (weighted 30%), groceries (weighted 13%), utilities (weighted 10%), transportation (weighted 9%), and health care (weighted 5%). Thus, goods/services, along with housing influences the majority of the cost of living index. The price of daily goods and services is a valuable and reliable number to be aware of when considering the general price of the city's goods. In the case of Mechanicstown, NY, the price of goods and services are 5% higher than the average of New York as well as 14% higher than the nation's average.
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Did you know?

  • The cost of living in Mechanicstown is 6% lower than the New York average.
  • The cost of living in Mechanicstown is 11% higher than the national average.
  • The cost of housing in Mechanicstown is 11% higher 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 Mechanicstown, NY Cost of living To Other Cities

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      Price difference in compared to
      Cost of living index
      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 Mechanicstown, 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 Mechanicstown, NY, you would have to earn a higher income to maintain a standard of living that is similar. To get started with the Mechanicstown, 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$75,179$6,265$1,754$2,256
      Renters$25,991$2,166$606$780
      The affordability of the housing market in Mechanicstown, 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 Mechanicstown, NY homeowners, the median income is $75,179. This indicates that a monthly maximum of $1,754 should be spent by homeowners on all housing related costs. Renters have a median income of $25,991. This indicates that renters should have a maximum of $606 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 Mechanicstown, 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

      ItemMechanicstownNational avg.Difference
      Haircut $24.00$17.4937.2%
      Beauty Salon $39.00$38.172.2%
      Toothpaste $2.01$2.3213.4%
      Shampoo $1.09$1.017.7%
      Movie $12.14$10.7213.2%
      Bowling $18.40$13.8632.7%

      Groceries

      ItemMechanicstownNational avg.Difference
      Ground Beef $3.85$3.901.3%
      Fried Chicken $1.66$1.4018.9%
      Milk $2.21$1.9612.6%
      Potatoes $3.39$3.186.5%
      Pizza $11.99$10.3915.4%
      Beer $8.99$9.232.6%

      Health Care

      ItemMechanicstownNational avg.Difference
      Optometrist $113.00$106.346.3%
      Doctor $96.67$115.2516.1%
      Dentist $121.00$98.3823.0%
      Ibuprofen $8.95$9.263.4%
      Lipitor $537.05$466.4715.1%

      Housing

      ItemMechanicstownNational avg.Difference
      Home Price $199,500.00$184,700.008.0%
      Avg. Mortgage Payment $2,311.62$1,273.3281.5%
      Apartment Rent $1,127.00$949.0018.8%

      Transportation

      ItemMechanicstownNational avg.Difference
      Gasoline $2.77$2.597.0%
      Tire Balancing $59.00$48.9020.7%

      Utilities

      ItemMechanicstownNational avg.Difference
      All Electricity$184.45$167.6010.1%
      Phone $177.03$163.428.3%
      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, StatePopulationCost of Living IndexNational Avg.
      Wurtsboro, NY1,1221044%
      Maybrook, NY3,1781077%
      Mountain Lodge Park, NY1,7261077%
      Pine Bush, NY1,5021088%
      Harriman, NY2,5561099%
      Mechanicstown, NY6,98211111%

      Cities with similar population

      City, StatePopulationCost of Living IndexNational Avg.
      North Riverside, IL6,9831088%
      St. Gabriel, LA6,98491-9%
      Tolleson, AZ6,98593-7%
      Norwich, NY6,97987-13%
      La Junta, CO6,97884-16%
      Mechanicstown, NY6,98211111%
      Source: The Mechanicstown, NY cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for 2019.