F
Overall 29%
Goods & Services 23%
Housing 47%
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Date & Last Updated: This data reflects 2022 and was released from C2ER in January, 2022; 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.
IndexNew PaltzNew YorkNational
Cost of living129119100
Goods & Services123110100
Groceries109113100
Health care116101100
Housing147145100
Transportation120108100
Utilities13698100

Key findings

  • The cost of living in New Paltz is 8% higher than the New York average
  • The cost of living in New Paltz is 29% higher than the national average
  • New Paltz housing is 47% higher than the national average
  • New York general sales tax is 21% lower than the national average
  • New York state income tax is 62% higher than the national average

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Compare New Paltz, NY Cost of Living

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      Salary Calculator

      This is how much you would need to earn in
      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 IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
      Owners$73,214$6,101$1,708$2,197
      Renters$31,650$2,638$738$950
      A good way to judge both the affordability of the housing and the cost of living in New Paltz is by simply calculating the maximum that should be spent on housing, otherwise known as the debt-to-income ratio (DTI). The plan is to avoid spending more than 28 percent of the gross income on costs that pertain to housing and no more than 36 percent on all expenses and debts. New Paltz has a median income of about $73,214 for people who own homes. Based on that number, a maximum of $1,708 should be spent on expenses related to housing. Renters have a slightly different median income, which is $31,650. Based on this average, renters should spend no more than $738 on all rental costs if they want to maintain a non-impoverished standard of living.

      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%

      Goods & Services

      ItemNew PaltzNational avg.Difference
      Haircut $36.87$20.2781.9%
      Beauty Salon $68.00$40.3968.3%
      Toothpaste $3.20$2.3635.8%
      Shampoo $1.01$1.086.5%
      Movie $13.68$10.9924.5%
      Bowling $19.53$15.4926.1%

      Groceries

      ItemNew PaltzNational avg.Difference
      Ground Beef $4.53$4.305.5%
      Fried Chicken $1.49$1.406.5%
      Milk $3.43$2.2055.6%
      Potatoes $3.68$3.2214.3%
      Pizza $10.46$10.742.6%
      Beer $10.24$9.606.7%

      Health Care

      ItemNew PaltzNational avg.Difference
      Optometrist $129.75$109.7318.2%
      Doctor $121.00$118.342.3%
      Dentist $131.60$100.9430.4%
      Ibuprofen $9.79$9.931.5%
      Lipitor $544.72$469.5316.0%

      Housing

      ItemNew PaltzNational avg.Difference
      Home Price $290,500.00$184,700.0057.3%
      Avg. Mortgage Payment $2,039.75$1,229.6265.9%
      Apartment Rent $1,154.00$949.0021.6%

      Transportation

      ItemNew PaltzNational avg.Difference
      Gasoline $3.01$2.7111.1%
      Tire Balancing $69.64$51.8634.3%

      Utilities

      ItemNew PaltzNational avg.Difference
      All Electricity$281.85$170.8465.0%
      Phone $182.20$187.182.7%
      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

      CityPopulationCost of Living IndexNational Avg.
      Napanoch, NY1,1291065.8%
      Ellenville, NY4,0971077.0%
      East Kingston, NY5061000.2%
      Accord, NY53511010.3%
      Kerhonkson, NY2,21511111.2%
      New Paltz, NY7,03412928.8%

      Cities with similar population

      CityPopulationCost of Living IndexNational Avg.
      Twin Rivers, NJ7,03411211.6%
      Fayetteville, TN7,0338416.1%
      Ridley Park, PA7,0321099.0%
      Archbald, PA7,036955.1%
      Lexington, VA7,0361000.2%
      New Paltz, NY7,03412928.8%
      Source: This data reflects 2021 and was released from C2ER in January, 2022; this is the most current data available.