Cost Of Living in New Square, NY

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F

56%

Overall NAT. AVG.

8%

Groceries NAT. AVG.

162%

Housing NAT. AVG.

Date & Last Updated: These cost of living estimates reflect 2026 modeled data using U.S. Census housing inputs and AI-assisted city-level pricing models.

The cost of living index is based on a national average of 100. For example, if the cost of living score is 90, then the estimated cost of living is 10% lower than the national average. If the score is 110, then the estimated cost of living is 10% higher than average. The overall index is calculated using weighted estimates across major everyday expense categories, including housing (30%), groceries (16%), transportation (12%), healthcare (10%), utilities (8%), lifestyle and entertainment (8%), household expenses (8%), and education and childcare (8%). All values are AI-assisted city-level estimates designed for directional comparisons.
Index	New Square	New York	National
Cost of living	156	121	100
Groceries	108	106	100
Health care	111	110	100
Housing	262	144	100
Transportation	110	113	100
Utilities	112	112	100
Lifestyle & Entertainment	107	111	100
Household Items	108	106	100
Education & Childcare	120	118	100

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Cost Of Living Quick Facts

The cost of living in New Square is 29% higher than the New York average
The cost of living in New Square is 56% higher than the national average
New Square housing is 162% higher than the national average
New York general sales tax is 22% lower than the national average
New York state income tax is 54% higher than the national average

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Price difference in compared to

Cost of living index
Groceries index
Health care index
Housing index
Transportation index
Utilities index
Lifestyle index
Household index
Educare index

Median Income & Debt-To-Income Ratio

Median Income	Per Year	Per Month	Max Budget (28% DTI)	Max Budget (36% DTI)
Owners	$110,804	$9,234	$2,585	$3,324
Renters	$33,634	$2,803	$785	$1,009

To approximate the cost of living and the housing affordability in New Square, NY, we can look at the percentage of income that is available to be spent on monthly housing, otherwise known as the debt-to-income ratio (DTI). To stay on the safe side, a consumer should not spend more than 28% of his or her gross income on housing-related expenses and costs and not more than 36% of income on all expenses and debts. Homeowners in New Square have a median income of $110,804. Therefore, the amount that a consumer should spend on housing costs should be no more than $2,585 per month to avoid calamity and poverty. The renters in the city have an income of about $33,634, which would make their monthly maximum allowable rental costs $785.

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%	10.9%

Nearby cities with low cost of living

City	Population	Cost of Living Index	National Avg.
Greenville CDP (Greene County), NY	616	106	6.1%
Chester, NY	4,144	112	12.1%
Greenwood Lake, NY	3,168	118	17.7%
Fort Montgomery, NY	1,939	118	17.6%
Mount Ivy, NY	7,675	120	20.1%
New Square, NY	8,816	156	55.9%

Cities with similar population

City	Population	Cost of Living Index	National Avg.
Helena Valley Southeast, MT	8,816	106	5.8%
Barre, VT	8,816	98	2.0%
Manteno, IL	8,817	102	2.0%
Independence, KS	8,817	82	18.0%
Cypress County, AB	8,817	n/a
New Square, NY	8,816	156	55.9%