Cost of living in Chestnut Ridge research summary. The cost of living index is set to 100 for the average place in the United States. A cost of living index above 100 means Chestnut Ridge is expensive. An index value below 100 means the city is a relatively cheap place to live.
On a city-by-city basis in New York, home prices and rent have the biggest impact on the cost of living. Here are the key takeaways based on Saturday Night Science:
The cost of living index in Chestnut Ridge is 149, with 100 being the average.
The cost of living index in Chestnut Ridge is 1.5x higher than the national average.
Chestnut Ridge ranks as the #223 cheapest in New York out of 341.
Chestnut Ridge ranks as the #5,665 cheapest out of 6,489 in the US.
The median home value in Chestnut Ridge is $843,311.
The median income in Chestnut Ridge is $113,750.
According to the most recent data on the cost of living, Chestnut Ridge has an overall cost of living index of 149, which is 1.5x higher than the national index of 100.
Compared to New York, Chestnut Ridge has a cost of living index that's 1.3x higher than New York's index of 119.
The standard of living in Chestnut Ridge ranks as #223 most affordable out of the 341 places we measured in New York. By definition, that implies Chestnut Ridge ranks as the #118 most expensive place in the Empire State.
For more reading on life in Chestnut Ridge, check out:
Six factors go into calculating the cost of living index in Chestnut Ridge. Here is how it fairs on each of the criteria:
The Services index in Chestnut Ridge is 108.
The Groceries index in Chestnut Ridge is 104.
The Health index in Chestnut Ridge is 98.
The Housing index in Chestnut Ridge is 255.
The Transportation index in Chestnut Ridge is 110.
The Utilities index in Chestnut Ridge is 111.
| Living Expense | Chestnut Ridge | New York | National Average | |
|---|---|---|---|---|
| Overall | 149 | 119 | 100 | |
| Services | 108 | 110 | 100 | |
| Groceries | 104 | 103 | 100 | |
| Health | 98 | 101 | 100 | |
| Housing | 255 | 145 | 100 | |
| Transportation | 110 | 105 | 100 | |
| Utilities | 111 | 99 | 100 | |
Housing swings affordability the most between places in New York, so we broke down housing costs into more detail. Home and income data comes from the most recent US Census ACS 2019-2023. The key points are:
The Median Home Value in Chestnut Ridge is $843,311.
The Median Rent in Chestnut Ridge is -.
The Median Income in Chestnut Ridge is $113,750.
The Home Value To Income in Chestnut Ridge is 7.4x.
The Rent To Monthly Income in Chestnut Ridge is nanx.
| Statistic | Chestnut Ridge | New York | United States |
|---|---|---|---|
| Median Home Value | $843,311 | $508,764 | $303,400 |
| Median Rent | - | $1,576 | $1,348 |
| Median Income | $113,750 | $84,578 | $78,538 |
| Home Value To Income | 7.4x | 6.0x | 3.9x |
| Rent To Monthly Income | nanx | 0.22x | 0.21x |
| Item | Chestnut Ridge | New York |
|---|---|---|
| Shampoo | $1.48 | $1.28 |
| Movie | $15.78 | $12.13 |
| Bowling | $21.0 | $18 |
| Haircut | $25.62 | $24.26 |
| Beauty Salon | $41.67 | $45.56 |
| Item | Chestnut Ridge | New York |
|---|---|---|
| Ground Beef | $5.65 | $5.84 |
| Fried Chicken | $1.39 | $1.57 |
| Milk | $4.71 | $4.67 |
| Potatoes | $5.37 | $4.93 |
| Pizza | $11.49 | $12.09 |
| Beer | $11.33 | $10.41 |
| Toothpaste | $3.72 | $3.7 |
| Item | Chestnut Ridge | New York |
|---|---|---|
| Optometrist | $157.11 | $125.68 |
| Doctor | $115.59 | $135.78 |
| Dentist | $124.27 | $113.29 |
| Item | Chestnut Ridge | New York |
|---|---|---|
| Gasoline | $3.41 | $3.46 |
| Tire Balancing | $82.67 | $59.92 |
| Item | Chestnut Ridge | New York |
|---|---|---|
| All Electricity | $236.04 | $193.99 |
| Phone | $186.61 | $192.25 |
The cost of living varies in the cities and towns around Chestnut Ridge. Here's a quick look at the cost of living in the most populous nearby places:
Spring Valley, NY has a cost of living index of 128, 0.9x Chestnut Ridge.
Monsey, NY has a cost of living index of 168, 1.1x Chestnut Ridge.
Eastchester, NY has a cost of living index of 167, 1.1x Chestnut Ridge.
| City | Population | Cost Of Living | Vs. Chestnut Ridge |
|---|---|---|---|
| Spring Valley, NY | 32,995 | 128 | 0.9x |
| Monsey, NY | 27,787 | 168 | 1.1x |
| Eastchester, NY | 20,519 | 167 | 1.1x |
| Nanuet, NY | 20,089 | 145 | 1.0x |
| Mamaroneck, NY | 19,840 | 166 | 1.1x |
| Pearl River, NY | 16,282 | 148 | 1.0x |
| Airmont, NY | 10,082 | 150 | 1.0x |
| Park Ridge, NJ | 9,218 | 167 | 1.1x |
| Hillcrest, NY | 8,989 | 140 | 0.9x |
| Montvale, NJ | 8,625 | 171 | 1.1x |