Mechanicville 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.
IndexMechanicvilleNew YorkNational
Cost of living index99117100
IndexMechanicvilleNew YorkNational
Goods & Services index106108100
Groceries index115108100
Health care index102101100
Housing index83145100
Transportation index100102100
Utilities index10097100
A general overview of the cost of living index for Mechanicville, NY is displayed above. In Mechanicville, NY, the overall cost of living index is 99, which is 16% lower than the New York average and 1% lower than the U.S. average. The following categories are used to calculate the overall cost of living index: goods/services (33%), housing (30%), groceries (13%), utilities (10%), transportation (9%) and health care (5%). From the list, it is clear that the categories of goods/services and housing are responsible for the largest portions of the overall cost of living index. As a general rule, everyday goods and services provide an accurate measure of the general cost of goods in any given city. In the case of Mechanicville, NY, the city's goods and services are 2% lower than the New York average and 6% higher than the U.S. average.
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Did you know?

  • The cost of living in Mechanicville is 16% lower than the New York average.
  • The cost of living in Mechanicville is 1% lower than the national average.
  • The cost of housing in Mechanicville 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 Mechanicville, 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
      Use the salary calculator to compare your current income in Mechanicville, NY to any other city in the country. The calculator will tell you how much income you would need to make in a particular city to live at the same level based on the cost of living in each city. For example, if the cost of living in the city you are looking to move to is higher than that of Mechanicville, NY, then you would need to earn a higher salary in order to enjoy the same standard of living. To use the Mechanicville, NY salary calculator, enter the name of the new city, then move the slider to your current salary level. The salary calculator will do the rest and let you know if your salary would need to increase or decrease for the new city. You will also see a complete overview of the cost of living.

      Median Income & Debt-To-Income Ratio

      Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
      Owners$72,368$6,031$1,688$2,171
      Renters$36,436$3,036$850$1,093
      The affordability of the housing market in Mechanicville, 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 Mechanicville, NY homeowners, the median income is $72,368. This indicates that a monthly maximum of $1,688 should be spent by homeowners on all housing related costs. Renters have a median income of $36,436. This indicates that renters should have a maximum of $850 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 Mechanicville, 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

      ItemMechanicvilleNational 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

      ItemMechanicvilleNational 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

      ItemMechanicvilleNational 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

      ItemMechanicvilleNational avg.Difference
      Home Price $151,100.00$184,700.0018.2%
      Avg. Mortgage Payment $1,474.52$1,273.3215.8%
      Apartment Rent $804.00$949.0015.3%

      Transportation

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

      Utilities

      ItemMechanicvilleNational 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.
      Schenectady, NY65,55495-5%
      Green Island, NY2,61395-5%
      Scotia, NY7,73297-3%
      Watervliet, NY10,20798-2%
      Greenwich, NY1,90598-2%
      Mechanicville, NY5,16999-1%

      Cities with similar population

      City, StatePopulationCost of Living IndexNational Avg.
      Waipio Acres, HI5,16915353%
      Basehor, KS5,1671033%
      Ayden, NC5,16784-16%
      Suncook, NH5,1711066%
      Vinton, IA5,16690-10%
      Mechanicville, NY5,16999-1%
      Source: The Mechanicville, NY cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for 2019.