Tonawanda city 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.
IndexTonawanda cityNew YorkNational
Cost of living index87119100
IndexTonawanda cityNew YorkNational
Goods & Services index98109100
Groceries index97108100
Health care index8699100
Housing index57145100
Transportation index103108100
Utilities index109102100
Here we can see a simple outline of the cost of living in Tonawanda city, NY. As you can see, with the average cost of living in Tonawanda city, NY being 87, that puts it 27% lower than the average of New York and 13% lower than our nation's average. This simple outline of the cost of living index was formulated using prices of: goods and services (weighted 33%), housing prices (weighted 30%), groceries (weighted 13%), utilities (weighted 10%), transportation (weighted 9%), and health care (weighted 5%). Thus, goods/services, along with housing influences the majority of the cost of living index. The price of daily goods and services is a valuable and reliable number to be aware of when considering the general price of the city's goods. In the case of Tonawanda city, NY, the price of goods and services are 10% lower than the average of New York as well as 2% lower than the nation's average.

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Did you know?

  • The cost of living in Tonawanda city is 27% lower than the New York average.
  • The cost of living in Tonawanda city is 13% lower than the national average.
  • The cost of housing in Tonawanda city is 43% lower 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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Compare Tonawanda city, NY Cost of living To Other Cities

Salary Calculator

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Use the salary calculator to compare your current income in Tonawanda city, NY to any other city in the country. The calculator will tell you how much income you would need to make in a particular city to live at the same level based on the cost of living in each city. For example, if the cost of living in the city you are looking to move to is higher than that of Tonawanda city, NY, then you would need to earn a higher salary in order to enjoy the same standard of living. To use the Tonawanda city, NY salary calculator, enter the name of the new city, then move the slider to your current salary level. The salary calculator will do the rest and let you know if your salary would need to increase or decrease for the new city. You will also see a complete overview of the cost of living.

Median Income & Debt-To-Income Ratio

Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
Owners$61,490$5,124$1,435$1,845
Renters$27,014$2,251$630$811
A good way to judge both the affordability of the housing and the cost of living is by simply calculating the maximum that a person should spend on housing in Tonawanda city, NY, otherwise known as the debt-to-income ratio (DTI). The safest way to live in the city is to avoid spending more than 28 percent of the gross income that one earns on costs that pertain to housing and no more than 36 percent on all expenses and debts. Tonawanda city, NY has a median income of about $61,490 for people who own homes. Based on that number, a person should spend a maximum of $1,435 on expenses related to housing. Renters have a slightly different median income, which is $27,014. Based on this average, renters should spend no more than $630 on all of their 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%
When considering the overall cost of living expenses in Tonawanda city, NY, it's important to take into account the sales tax for New York, as well as the rate for income tax in New York. Goods and services sold to consumers in any state have some form of sales tax. Each state has its own tax code, which means that sales tax rates vary from state to state, ranging from over 7% in some states to as low as 0% in others. The maximum surtax for New York is 8.875%, and the sales tax in the state of New York is 4%. Alternatively, the tax imposed on your income by the state government is known as income tax. The rate for this tax also varies from state to state, and your rate is affected by your tax bracket, which is determined by your level of income. Income tax rates might be as high as 9%, down to as low as 0%. The range for income tax rates in New York starts from 4% and goes up to 8.82%.

Goods & Services

ItemTonawanda cityNational avg.Difference
Haircut $15.88$16.091.3%
Beauty Salon $37.27$37.330.2%
Toothpaste $1.68$2.4531.5%
Shampoo $0.89$1.0011.4%
Movie $10.92$10.286.2%
Bowling $3.71$4.9324.8%

Groceries

ItemTonawanda cityNational avg.Difference
Ground Beef $3.36$3.8011.7%
Fried Chicken $1.23$1.4011.9%
Milk $1.95$2.012.9%
Potatoes $2.87$3.014.6%
Pizza $10.66$9.897.8%
Beer $8.86$8.900.5%

Health Care

ItemTonawanda cityNational avg.Difference
Optometrist $60.23$102.1641.0%
Doctor $86.67$108.3620.0%
Dentist $78.97$92.5314.6%
Ibuprofen $8.50$9.288.4%
Lipitor $418.39$425.821.7%

Housing

ItemTonawanda cityNational avg.Difference
Home Price $94,600.00$184,700.0048.8%
Avg. Mortgage Payment $1,359.27$1,202.4413.0%
Apartment Rent $666.00$949.0029.8%

Transportation

ItemTonawanda cityNational avg.Difference
Gasoline $2.36$2.244.9%
Tire Balancing $45.30$46.292.1%

Utilities

ItemTonawanda cityNational avg.Difference
All Electricity$151.54$165.968.7%
Phone $37.33$28.6830.1%
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, StatePopulationCost of Living IndexNational Avg.
Niagara Falls, NY49,18084-16%
Sloan, NY3,60684-16%
Buffalo, NY258,98985-15%
Lackawanna, NY17,99285-15%
South Lockport, NY7,68086-14%
Tonawanda city, NY14,99187-13%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Weston, WI14,98990-10%
Williamsburg, VA14,98811616%
Washougal, WA14,98711313%
Ramsey, NJ15,00015454%
Wilmington Island, GA15,0051066%
Tonawanda city, NY14,99187-13%
Source: The Tonawanda city, NY cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for 2017.
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