West Glens Falls 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.
IndexWest Glens FallsNew YorkNational
Cost of living index102117100
IndexWest Glens FallsNew YorkNational
Goods & Services index106108100
Groceries index115108100
Health care index102101100
Housing index93145100
Transportation index100102100
Utilities index10097100
A general overview of the cost of living index for West Glens Falls, NY is displayed above. In West Glens Falls, NY, the overall cost of living index is 102, which is 13% lower than the New York average and 2% higher than the U.S. average. The following categories are used to calculate the overall cost of living index: goods/services (33%), housing (30%), groceries (13%), utilities (10%), transportation (9%) and health care (5%). From the list, it is clear that the categories of goods/services and housing are responsible for the largest portions of the overall cost of living index. As a general rule, everyday goods and services provide an accurate measure of the general cost of goods in any given city. In the case of West Glens Falls, NY, the city's goods and services are 2% lower than the New York average and 6% higher than the U.S. average.
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Did you know?

  • The cost of living in West Glens Falls is 13% lower than the New York average.
  • The cost of living in West Glens Falls is 2% higher than the national average.
  • The cost of housing in West Glens Falls is 7% 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.

Compare West Glens Falls, NY Cost of living To Other Cities

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      Goods & Services index
      Groceries index
      Health care index
      Housing index
      Transportation index
      Utilities index
      The salary calculator is used in order to provide a comparison of your current salary in West Glens Falls, NY to another city of your choice. The calculator will inform you of what your salary needs to be in any specific city in order for you to maintain your living standard based on what the city’s cost of living is. As an example, if you are seeking to move to a city that has a higher cost of living compared to West Glens Falls, NY, you would have to earn a higher income to maintain a standard of living that is similar. To get started with the West Glens Falls, NY salary calculator, input the new city’s name and then move the slider to indicate your current income. The salary calculator will now process the numbers and show you whether you need to earn more or less in the chosen city. A comprehensive breakdown of the cost of living will also be shown.

      Median Income & Debt-To-Income Ratio

      Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
      Owners$60,908$5,076$1,421$1,827
      Renters$35,056$2,921$818$1,052
      If you want to find a good determining factor for the cost of living and the general affordability of housing in West Glens Falls, NY, all you must look at is the percentage of monthly income that should be spent on housing expenses, otherwise known as the debt-to-income ratio (DTI). Generally speaking, no more than 28 percent of your total gross income should be spent on your housing expenses and not more than 36 percent of your gross income on total expenses, including debts. In West Glens Falls, NY, the median monthly income is $60,908 for those who own their own homes. Under the standard rule, that income level would allow for $1,421 to be budgeted for housing expenses each month, at the most. Renters, on the other hand, earn about $35,056, per the median income in the area. That would allow for renters to spend up to $818 on monthly rental expenses.

      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 you are determining the total cost of living in West Glens Falls, NY you will want to make sure you consider both the New York sales tax and the New York income tax rates. Sales tax come in the form of taxes levied on both services and goods that are sold. The sales tax rates are different state to state and range from zero sales tax to higher than 7%. The sales tax in New York is 4%, with the highest surtax being 8.875%. Tax that is on income by the government is income tax. Different states have different income tax rates and these rates can be higher or lower dependent on the corresponding tax bracket. The state income tax rates are different state to state and range from no income tax to more than 9% income tax. The income tax rates in New York have a range from 4% to 8.82%.

      Goods & Services

      ItemWest Glens FallsNational avg.Difference
      Haircut $21.50$17.4922.9%
      Beauty Salon $43.50$38.1714.0%
      Toothpaste $2.34$2.320.8%
      Shampoo $0.94$1.017.1%
      Movie $13.40$10.7225.0%
      Bowling $15.75$13.8613.6%

      Groceries

      ItemWest Glens FallsNational avg.Difference
      Ground Beef $4.51$3.9015.6%
      Fried Chicken $1.41$1.401.0%
      Milk $2.09$1.966.5%
      Potatoes $3.99$3.1825.4%
      Pizza $10.57$10.391.7%
      Beer $9.99$9.238.2%

      Health Care

      ItemWest Glens FallsNational avg.Difference
      Optometrist $143.00$106.3434.5%
      Doctor $114.16$115.250.9%
      Dentist $98.00$98.380.4%
      Ibuprofen $9.41$9.261.6%
      Lipitor $466.00$466.470.1%

      Housing

      ItemWest Glens FallsNational avg.Difference
      Home Price $156,400.00$184,700.0015.3%
      Avg. Mortgage Payment $1,474.52$1,273.3215.8%
      Apartment Rent $1,076.00$949.0013.4%

      Transportation

      ItemWest Glens FallsNational avg.Difference
      Gasoline $2.74$2.595.7%
      Tire Balancing $45.73$48.906.5%

      Utilities

      ItemWest Glens FallsNational avg.Difference
      All Electricity$164.78$167.601.7%
      Phone $185.38$163.4213.4%
      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.
      Argyle, NY41693-7%
      Fort Edward, NY3,32893-7%
      Hudson Falls, NY7,20295-5%
      Fort Ann, NY42696-4%
      Corinth, NY2,63298-2%
      West Glens Falls, NY7,5011022%

      Cities with similar population

      City, StatePopulationCost of Living IndexNational Avg.
      Orland, CA7,5041099%
      Swainsboro, GA7,50475-25%
      Mantua, VA7,49717373%
      Haddon Heights, NJ7,50611717%
      Charles City, IA7,49685-15%
      West Glens Falls, NY7,5011022%
      Source: The West Glens Falls, NY cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for 2019.