New City, NY Cost Of Living
Cost Of Living In New City, NY Summary
Cost of living in New City 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 New City 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 New City is 150, with 100 being the average.
The cost of living index in New City is 1.5x higher than the national average.
New City ranks as the #243 cheapest in New York out of 340.
New City ranks as the #5,843 cheapest out of 6,412 in the US.
The median home value in New City is $517,000.
The median income in New City is $151,931.
Table Of Contents
New City's Overall Cost Of Living
Higher Than The National Average
What is the cost of living in New City, NY?
According to the most recent data on the cost of living, New City has an overall cost of living index of 150, which is 1.5x higher than the national index of 100.
Compared to New York, New City has a cost of living index that's 1.2x higher than New York's index of 126.
The standard of living in New City ranks as #243 most affordable out of the 340 places we measured in New York. By definition, that implies New City ranks as the #97 most expensive place in the Empire State.
For more reading on life in New City, check out:
- Living In New City
- Search Homes For Sale In New City, NY
In New York
In America
New City Cost Of Living Vs. New York
Six factors go into calculating the cost of living index in New City. Here is how it fairs on each of the criteria:
The Services index in New City is 121.
The Groceries index in New City is 104.
The Health index in New City is 116.
The Housing index in New City is 220.
The Transportation index in New City is 115.
The Utilities index in New City is 131.
| Living Expense | New City | New York | National Average | |
|---|---|---|---|---|
| Overall | 150 | 126 | 100 | |
| Services | 121 | 110 | 100 | |
| Groceries | 104 | 104 | 100 | |
| Health | 116 | 105 | 100 | |
| Housing | 220 | 175 | 100 | |
| Transportation | 115 | 107 | 100 | |
| Utilities | 131 | 102 | 100 | |
New City, NY Housing Cost Breakdown
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 2017-2021. The key points are:
The Median Home Value in New City is $517,000.
The Median Rent in New City is $1,738.
The Median Income in New City is $151,931.
The Home Value To Income in New City is 3.4x.
The Rent To Monthly Income in New City is 0.14x.
| Statistic | New City | New York | United States |
|---|---|---|---|
| Median Home Value | $517,000 | $340,600 | $244,900 |
| Median Rent | $1,738 | $1,390 | $1,163 |
| Median Income | $151,931 | $75,157 | $69,021 |
| Home Value To Income | 3.4x | 4.5x | 3.5x |
| Rent To Monthly Income | 0.14x | 0.22x | 0.2x |
Median Home Value
Median Rent
Median Income
New City, NY Costs By Category
Detailed New City Services Costs Vs. New York
Detailed New City Groceries Costs Vs. New York
Detailed New City Health Costs Vs. New York
Detailed New City Transportation Costs Vs. New York
Detailed New City Utilities Costs Vs. New York
New City SnackAbility
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