West Point 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 PointNew YorkNational
Cost of living index186117100
IndexWest PointNew YorkNational
Goods & Services index123108100
Groceries index110108100
Health care index117101100
Housing index339145100
Transportation index124102100
Utilities index12397100
A general summary of the cost of living index in West Point, NY is shown above. Compared to the state average of New York the cost of living index in West Point, NY is 186, which is 59% higher than the average in New York and compared to the national average it is 86% higher than. The cost of living index is made up of several categories. These are transportation at 9%, utilities at 10%, goods and services at 33%, housing at 30%, groceries at 13%, and health care at 5%. The bulk of the cost of living index comes from the categories of goods and services and housing. If you look at everyday goods and services they can be a good indicator in a certain city of the general costs of goods there. In West Point, NY goods and services come in at 14% higher than the average in New York and are 23% higher than compared to the nationwide average.
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Did you know?

  • The cost of living in West Point is 59% higher than the New York average.
  • The cost of living in West Point is 86% higher than the national average.
  • The cost of housing in West Point is 239% 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.

Compare West Point, 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 allows you to compare how much your current salary in West Point, NY would be worth in another city. In other words, the salary calculator will adjust the figure you enter for cost of living so that you can determine how much more or much less you would need to earn while maintaining your current quality of living. If you are considering relocating to a more expensive city than West Point, NY, the calculator will tell you how much more you need to earn so you can assess job offers more accurately. The West Point, NY salary calculator is easy to use. All you do is enter the name of another city, then move the slider to your current income. After that, the salary calculator will crunch the numbers for you and give you the information you need about the place you are considering going. Additionally, it will show a detailed breakdown of the cost of living.

      Median Income & Debt-To-Income Ratio

      Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
      Owners$0$0$0$0
      Renters$107,188$8,932$2,501$3,216
      The percent of monthly income spent on housing can be a good indicator of the affordability of housing in West Point, 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 West Point, NY homeowners, is $0. This would allow for a maximum of $0 per month to be spent on housing costs. For renters, the median monthly income is $107,188 which would result in a maximum of $2,501 to be spent on rental costs.

      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%
      For those who live in West Point, NY and want to know what the true cost of living is, they ought to look at both the New York income tax rate and the New York sales tax rate. By sales tax, we mean the taxes that are included whenever a person is purchasing any goods or services. The amount that is taxed depends upon the particular state, where some states have a sales tax of zero percent while others can have a tax higher than seven percent. In New York, the sales tax is 4%, while the most you'll pay in surtax is 8.875%. There is also income tax to consider, which is based upon the amount of money made in a year. Just like sales tax, income tax depends upon the particular state but also depends upon what tax bracket the person is in. Income tax for the state can be higher than nine percent in some states to zero percent in others. For those that live in New York, the income tax rate ranges between 4% to 8.82%.

      Goods & Services

      ItemWest PointNational avg.Difference
      Haircut $30.60$17.4975.0%
      Beauty Salon $59.00$38.1754.6%
      Toothpaste $2.05$2.3211.7%
      Shampoo $0.96$1.015.1%
      Movie $13.90$10.7229.6%
      Bowling $17.00$13.8622.6%

      Groceries

      ItemWest PointNational avg.Difference
      Ground Beef $4.57$3.9017.2%
      Fried Chicken $1.89$1.4035.4%
      Milk $2.15$1.969.6%
      Potatoes $3.99$3.1825.4%
      Pizza $9.39$10.399.7%
      Beer $9.89$9.237.2%

      Health Care

      ItemWest PointNational avg.Difference
      Optometrist $133.00$106.3425.1%
      Doctor $128.00$115.2511.1%
      Dentist $131.00$98.3833.2%
      Ibuprofen $7.95$9.2614.2%
      Lipitor $511.40$466.479.6%

      Housing

      ItemWest PointNational avg.Difference
      Home Price $0.00$184,700.00100.0%
      Avg. Mortgage Payment $2,098.87$1,273.3264.8%
      Apartment Rent $3,216.00$949.00238.9%

      Transportation

      ItemWest PointNational avg.Difference
      Gasoline $2.98$2.5914.9%
      Tire Balancing $69.96$48.9043.1%

      Utilities

      ItemWest PointNational avg.Difference
      All Electricity$242.33$167.6044.6%
      Phone $174.02$163.426.5%
      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.
      Copake Hamlet, NY16111212%
      Newburgh, NY28,40611414%
      Maybrook, NY3,1781077%
      Mountain Lodge Park, NY1,7261077%
      Harriman, NY2,5561099%
      West Point, NY6,60618686%

      Cities with similar population

      City, StatePopulationCost of Living IndexNational Avg.
      Brook Highland, AL6,60411212%
      Horseheads, NY6,60889-11%
      Eagle, CO6,60313434%
      Lake Hallie, WI6,60399-1%
      Millersville, TN6,60292-8%
      West Point, NY6,60618686%
      Source: The West Point, NY cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for 2019.