An overview of the general cost of living index for Mount Sinai, NY is displayed above for your reference. Residents in Mount Sinai, NY enjoy a cost of living index of 147. This index is 24% higher than the New York average, and 47% higher than the national average. The following categories are used when determining the cost of living index for any given city: health care (5%), transportation (9%), utilities (10%), groceries (13%), housing (30%), and goods/services (33%). Clearly, housing and goods/services make up the majority of the formula for calculating the cost of living index. Because of this, the general cost of living for any given area can be estimated by looking at the cost of everyday goods in that area. For those living in Mount Sinai, NY, the average cost of goods and services is 11% higher than it is in New York, and it is 21% higher than the national average.