Cost Of Living in Mechanicville, NY

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C+

3%

Overall NAT. AVG.

6%

Goods & Services NAT. AVG.

16%

Housing NAT. AVG.

Date & Last Updated: This data reflects 2023 and was released from C2ER in January, 2024; 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	Mechanicville	New York	National
Cost of living	97	117	100
Goods & Services	106	108	100
Groceries	103	102	100
Health care	93	103	100
Housing	84	145	100
Transportation	97	105	100
Utilities	102	100	100

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Cost Of Living Quick Facts

The cost of living in Mechanicville is 17% lower than the New York average
The cost of living in Mechanicville is 3% lower than the national average
Mechanicville housing is 16% 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

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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

Median Income & Debt-To-Income Ratio

Median Income	Per Year	Per Month	Max Budget (28% DTI)	Max Budget (36% DTI)
Owners	$100,592	$8,383	$2,347	$3,018
Renters	$33,990	$2,833	$793	$1,020

The affordability of the housing market in Mechanicville, NY as well as the overall cost of living can be predicted 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 be spent on the overall costs related to housing and no more than 36% of gross income on all expenses and debts. Among Mechanicville homeowners, the median income is $100,592. This indicates that a monthly maximum of $2,347 should be spent by homeowners on all housing related costs. Renters have a median income of $33,990. This indicates that renters would have a maximum of $793 for their rent related monthly costs.

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	Mechanicville	National avg.	Difference
Haircut	$28.28	$24.26	16.6%
Beauty Salon	$51.36	$45.56	12.7%
Toothpaste	$3.74	$3.70	1.1%
Shampoo	$1.28	$1.28	0.3%
Movie	$13.08	$12.13	7.8%
Bowling	$15.96	$18.00	11.3%

Groceries

Item	Mechanicville	National avg.	Difference
Ground Beef	$6.06	$5.84	3.7%
Fried Chicken	$1.60	$1.57	1.5%
Milk	$4.85	$4.67	3.9%
Potatoes	$5.09	$4.93	3.2%
Pizza	$14.69	$12.09	21.5%
Beer	$10.90	$10.41	4.7%

Health Care

Item	Mechanicville	National avg.	Difference
Optometrist	$132.47	$125.68	5.4%
Doctor	$111.33	$135.78	18.0%
Dentist	$111.69	$113.29	1.4%
Ibuprofen	$10.90	$10.65	2.3%
Lipitor	$436.57	$468.60	6.8%

Housing

Item	Mechanicville	National avg.	Difference
Home Price	$152,100.00	$184,700.00	17.7%
Avg. Mortgage Payment	$2,531.65	$2,346.69	7.9%
Apartment Rent	$832.00	$949.00	12.3%

Transportation

Item	Mechanicville	National avg.	Difference
Gasoline	$3.55	$3.46	2.5%
Tire Balancing	$50.33	$59.92	16.0%

Utilities

Item	Mechanicville	National avg.	Difference
All Electricity	$196.70	$193.99	1.4%
Phone	$195.71	$192.25	1.8%

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.
Schenectady, NY	65,336	94	6.5%
Green Island, NY	2,647	95	4.7%
Scotia, NY	7,648	97	2.7%
Waterford, NY	2,141	97	2.6%
Watervliet, NY	9,976	98	2.0%
Mechanicville, NY	5,077	97	2.9%

Cities with similar population

City	Population	Cost of Living Index	National Avg.
Oak Point, TX	5,077	132	32.5%
Timber Pines, FL	5,076	96	4.2%
Columbus, WI	5,076	101	0.9%
North Fond du Lac, WI	5,076	91	8.8%
Vinton, IA	5,075	92	8.4%
Mechanicville, NY	5,077	97	2.9%