Port Washington, NY Cost Of Living

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Port Washington 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	Port Washington	New York	National
Cost of living index	182	119	100
Index	Port Washington	New York	National
Goods & Services index	122	109	100
Groceries index	109	108	100
Health care index	114	99	100
Housing index	336	145	100
Transportation index	115	108	100
Utilities index	112	102	100

The above illustration supplies generalized information for the Port Washington, NY cost of living index. Compared to other cities in New York and cities across the country, the cost of living index in Port Washington, NY is 182, which is 54% higher than the New York average and 82% 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 Port Washington, NY are 11% higher than the average for New York and 22% higher than the rest of the country.

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Did you know?

The cost of living in Port Washington is 54% higher than the New York average.
The cost of living in Port Washington is 82% higher than the national average.
The cost of housing in Port Washington is 236% 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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Salary Calculator

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

The salary calculator is meant to help you compare your salary in Port Washington, NY to your potential earning power in another city. This can help you deduce what your salary would need to be in any given city in order for you to live the same lifestyle that you do in your current city. In other words, if you plan on moving to a city where the cost of living is higher than in Port Washington, NY, you'll have to make more money in the new city in order to maintain the lifestyle you currently enjoy. To use the Port Washington, NY salary calculator, simply input the new city, then move the adjustable slider to match your current income. Once you've selected your income, the calculator will determine if that income is sufficient to support your standard of living in the new city you entered. The calculator will also supply you with a rundown of living costs in the new city.

Median Income & Debt-To-Income Ratio

Median Income	Per Year	Per Month	Max Budget (28% DTI)	Max Budget (36% DTI)
Owners	$153,548	$12,796	$3,583	$4,607
Renters	$64,514	$5,376	$1,505	$1,936

The percent of monthly income spent on housing can be a good indicator of the affordability of housing in Port Washington, NY as well as the overall cost of living. As a general rule of thumb, the debt-to-income ratio (DTI) for homeowners or renters should be not more than 28 percent of gross income to be spent on housing related costs and not more than 36 percent of income on all expenses, including debts. The median income for Port Washington, NY homeowners, is $153,548. This would allow for a maximum of $3,583 per month to be spent on housing costs. For renters, the median monthly income is $64,514 which would result in a maximum of $1,505 to be spent on rental costs.

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%

When assessing the complete cost of living in Port Washington, NY, the New York income tax and the New York sales tax percentages should unquestionably be taken into consideration. Sales taxes aren't just levies imposed onto sold goods, but they also include taxes that are charged when services are provided for a fee. The rates are different from state to state and can run has high as 7 percent. Some states have no sales tax at all. The New York maximum surtax is 8.875%, and the New York sales tax is 4%. By contrast, income tax is an unfortunate obligation that is charged by the government against earnings. Just like sales taxes, the rates for income taxes differ from state to state. They also decrease or increase according to the individual's tax bracket. Tax rates can run as high as 9 percent, with a minimum of zero. Income tax rates range from 4% to 8.82% in New York.

Goods & Services

Item	Port Washington	National avg.	Difference
Haircut	$19.87	$16.09	23.6%
Beauty Salon	$64.81	$37.33	73.6%
Toothpaste	$3.03	$2.45	23.8%
Shampoo	$0.99	$1.00	0.6%
Movie	$12.69	$10.28	23.4%
Bowling	$7.03	$4.93	42.5%

Groceries

Item	Port Washington	National avg.	Difference
Ground Beef	$4.10	$3.80	7.7%
Fried Chicken	$1.44	$1.40	3.3%
Milk	$1.96	$2.01	2.6%
Potatoes	$3.47	$3.01	15.4%
Pizza	$9.98	$9.89	0.9%
Beer	$10.01	$8.90	12.6%

Health Care

Item	Port Washington	National avg.	Difference
Optometrist	$115.59	$102.16	13.2%
Doctor	$124.71	$108.36	15.1%
Dentist	$112.48	$92.53	21.6%
Ibuprofen	$10.51	$9.28	13.3%
Lipitor	$413.07	$425.82	3.0%

Housing

Item	Port Washington	National avg.	Difference
Home Price	$736,800.00	$184,700.00	298.9%
Avg. Mortgage Payment	$2,408.75	$1,202.44	100.3%
Apartment Rent	$1,804.00	$949.00	90.1%

Transportation

Item	Port Washington	National avg.	Difference
Gasoline	$2.55	$2.24	13.7%
Tire Balancing	$54.89	$46.29	18.6%

Utilities

Item	Port Washington	National avg.	Difference
All Electricity	$200.20	$165.96	20.6%
Phone	$29.17	$28.68	1.7%

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, State	Population	Cost of Living Index	National Avg.
Greenville CDP (Greene County), NY	604	109	9%
North Amityville, NY	20,150	125	25%
Hartsdale, NY	5,414	128	28%
Hempstead, NY	55,454	144	44%
Roosevelt, NY	16,675	145	45%
Port Washington, NY	15,925	182	82%

Cities with similar population

City, State	Population	Cost of Living Index	National Avg.
Buffalo, MN	15,927	102	2%
Rutland, VT	15,921	102	2%
Overland, MO	15,932	86	-14%
Hybla Valley, VA	15,941	125	25%
West Columbia, SC	15,947	98	-2%
Port Washington, NY	15,925	182	82%

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

Port Washington, NY Cost of Living