New Paltz, New York Cost Of Living

Buy Rent

F

Overall 29%

Goods & Services 23%

Housing 47%

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.
Index	New Paltz	New York	National
Cost of living	129	119	100
Goods & Services	123	110	100
Groceries	109	113	100
Health care	116	101	100
Housing	147	145	100
Transportation	120	108	100
Utilities	136	98	100

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

Most Affordable Places to Live in and Around New Paltz

See all the best places to live around New Paltz

Compare New Paltz, NY Cost of Living

See all New Paltz poll results

The best places in New York

Here are the best places to live in New York

10 best cities to buy a new house in New York

Top 10 cities in New York with the best education system

These are the 10 most affordable cities in New York

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 Income	Per Year	Per Month	Max 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

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%

Goods & Services

Item	New Paltz	National avg.	Difference
Haircut	$36.87	$20.27	81.9%
Beauty Salon	$68.00	$40.39	68.3%
Toothpaste	$3.20	$2.36	35.8%
Shampoo	$1.01	$1.08	6.5%
Movie	$13.68	$10.99	24.5%
Bowling	$19.53	$15.49	26.1%

Groceries

Item	New Paltz	National avg.	Difference
Ground Beef	$4.53	$4.30	5.5%
Fried Chicken	$1.49	$1.40	6.5%
Milk	$3.43	$2.20	55.6%
Potatoes	$3.68	$3.22	14.3%
Pizza	$10.46	$10.74	2.6%
Beer	$10.24	$9.60	6.7%

Health Care

Item	New Paltz	National avg.	Difference
Optometrist	$129.75	$109.73	18.2%
Doctor	$121.00	$118.34	2.3%
Dentist	$131.60	$100.94	30.4%
Ibuprofen	$9.79	$9.93	1.5%
Lipitor	$544.72	$469.53	16.0%

Housing

Item	New Paltz	National avg.	Difference
Home Price	$290,500.00	$184,700.00	57.3%
Avg. Mortgage Payment	$2,039.75	$1,229.62	65.9%
Apartment Rent	$1,154.00	$949.00	21.6%

Transportation

Item	New Paltz	National avg.	Difference
Gasoline	$3.01	$2.71	11.1%
Tire Balancing	$69.64	$51.86	34.3%

Utilities

Item	New Paltz	National avg.	Difference
All Electricity	$281.85	$170.84	65.0%
Phone	$182.20	$187.18	2.7%

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

City	Population	Cost of Living Index	National Avg.
Napanoch, NY	1,129	106	5.8%
Ellenville, NY	4,097	107	7.0%
East Kingston, NY	506	100	0.2%
Accord, NY	535	110	10.3%
Kerhonkson, NY	2,215	111	11.2%
New Paltz, NY	7,034	129	28.8%

Cities with similar population

City	Population	Cost of Living Index	National Avg.
Twin Rivers, NJ	7,034	112	11.6%
Fayetteville, TN	7,033	84	16.1%
Ridley Park, PA	7,032	109	9.0%
Archbald, PA	7,036	95	5.1%
Lexington, VA	7,036	100	0.2%
New Paltz, NY	7,034	129	28.8%

Source: This data reflects 2021 and was released from C2ER in January, 2022; this is the most current data available.