Menands, NY Cost Of Living

Menands 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.
Index	Menands	New York	National
Cost of living index	108	119	100
Index	Menands	New York	National
Goods & Services index	105	109	100
Groceries index	108	108	100
Health care index	99	99	100
Housing index	117	145	100
Transportation index	105	108	100
Utilities index	98	102	100

The above illustration supplies generalized information for the Menands, NY cost of living index. Compared to other cities in New York and cities across the country, the cost of living index in Menands, NY is 108, which is 9% lower than the New York average and 8% higher than that for the entire country. The index is comprised of the following criteria: cost of retail goods and services (33%), groceries (13%), health care (5%), housing (30%), cost of public/private transportation (9%) and utilities (10%). Everyday goods and services, along with housing account for 63 percent of the total cost of living index. Goods and services that are a necessity regardless of location provide an accurate general sense of the cost of living in one city versus another. As seen above, the cost of retail goods and services in Menands, NY are 4% lower than the average for New York and 5% higher than the rest of the country.

Did you know?

The cost of living in Menands is 9% lower than the New York average.
The cost of living in Menands is 8% higher than the national average.
The cost of housing in Menands is 17% 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.

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Cost of living index
Goods & Services index
Groceries index
Health care index
Housing index
Transportation index
Utilities index

Use the salary calculator to compare your current salary in Menands, NY to any other city. The salary calculator will tell you how much you would need to earn in any given city to maintain the same standard of living based on the cost of living in each city. For example, if the cost of living in the city you are looking to relocate to is higher than the cost of living in Menands, NY, then you would need to earn more income in order to maintain the same standard of living. To use the Menands, NY salary calculator, simply enter in the name of the new city, then adjust the slider to your current income. The salary calculator will do the rest and let you know if you need to earn more or less in the new city. You will also see a complete breakdown of the cost of living.

Median Income & Debt-To-Income Ratio

Median Income	Per Year	Per Month	Max Budget (28% DTI)	Max Budget (36% DTI)
Owners	$79,239	$6,603	$1,849	$2,377
Renters	$62,611	$5,218	$1,461	$1,879

How much of your monthly income goes to housing can tell you whether or not you can afford housing in Menands, NY, as well as what the average cost of living is. Generally, a good rule to follow is that the debt-to-income (DTI) level you want to maintain is 28 percent or less of your income on your rent or mortgage payment and not more than 36 percent of income on all expenses and debts. In Menands, NY homeowners have a median income of $79,239. Using that number, you will come up with a maximum of $1,849 per month that can be spent on the cost of housing. For those who are renting instead of owning, the median income is $62,611, which means there is a maximum of $1,461 to be spent on the costs of renting a home or apartment.

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%	8.82%

One thing to keep in mind when considering the cost of living in Menands, NY is the New York sales tax and New York income tax rates. Sales taxes are taxes that are collected on most goods or services sold. Sales taxes can vary by state and can be as high as 7% and as low as 0% as not every state imposes a sales tax. The New York sales tax rate is 4% and the maximum surtax that can be charged is 8.875%. Income tax is the tax imposed on income by both the federal and state government. The income tax rates varies by individual state and will also be higher or lower depending on the applicable tax bracket. The rates of state income tax can vary from 0% to more than 9%. The New York income tax rates range from 4% to 8.82%.

Goods & Services

Item	Menands	National avg.	Difference
Haircut	$19.11	$16.09	18.8%
Beauty Salon	$30.79	$37.33	17.5%
Toothpaste	$2.86	$2.45	17.0%
Shampoo	$1.14	$1.00	14.3%
Movie	$12.14	$10.28	18.1%
Bowling	$4.11	$4.93	16.7%

Groceries

Item	Menands	National avg.	Difference
Ground Beef	$4.56	$3.80	20.0%
Fried Chicken	$1.40	$1.40	0.5%
Milk	$2.32	$2.01	15.4%
Potatoes	$3.72	$3.01	23.7%
Pizza	$8.59	$9.89	13.1%
Beer	$9.86	$8.90	10.8%

Health Care

Item	Menands	National avg.	Difference
Optometrist	$99.72	$102.16	2.4%
Doctor	$102.72	$108.36	5.2%
Dentist	$93.90	$92.53	1.5%
Ibuprofen	$9.41	$9.28	1.5%
Lipitor	$425.19	$425.82	0.1%

Housing

Item	Menands	National avg.	Difference
Home Price	$211,500.00	$184,700.00	14.5%
Avg. Mortgage Payment	$1,412.96	$1,202.44	17.5%
Apartment Rent	$1,150.00	$949.00	21.2%

Transportation

Item	Menands	National avg.	Difference
Gasoline	$2.35	$2.24	4.6%
Tire Balancing	$48.83	$46.29	5.5%

Utilities

Item	Menands	National avg.	Difference
All Electricity	$149.27	$165.96	10.1%
Phone	$31.34	$28.68	9.3%

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, State	Population	Cost of Living Index	National Avg.
Schenectady, NY	65,554	93	-7%
Green Island, NY	2,613	94	-6%
Scotia, NY	7,732	96	-4%
Rensselaer, NY	9,435	96	-4%
Watervliet, NY	10,207	97	-3%
Menands, NY	3,998	108	8%

Cities with similar population

City, State	Population	Cost of Living Index	National Avg.
Danielson, CT	3,999	108	8%
Wood Village, OR	3,996	98	-2%
Shrewsbury, NJ	4,000	178	78%
Oaklyn, NJ	4,000	108	8%
Grant-Valkaria, FL	3,996	116	16%
Menands, NY	3,998	108	8%

Source: The Menands, NY cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for 2017.

Menands, NY Cost of Living