Cost of living in Wappingers Falls 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 Wappingers Falls 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 Wappingers Falls is 119, with 100 being the average.
The cost of living index in Wappingers Falls is 1.2x higher than the national average.
Wappingers Falls ranks as the #120 cheapest in New York out of 341.
Wappingers Falls ranks as the #4,349 cheapest out of 6,489 in the US.
The median home value in Wappingers Falls is $478,124.
The median income in Wappingers Falls is $58,455.
According to the most recent data on the cost of living, Wappingers Falls has an overall cost of living index of 119, which is 1.2x higher than the national index of 100.
Compared to New York, Wappingers Falls has a cost of living index that's 1.0x lower than New York's index of 119.
The standard of living in Wappingers Falls ranks as #120 most affordable out of the 341 places we measured in New York. By definition, that implies Wappingers Falls ranks as the #221 most expensive place in the Empire State.
For more reading on life in Wappingers Falls, check out:
Six factors go into calculating the cost of living index in Wappingers Falls. Here is how it fairs on each of the criteria:
The Services index in Wappingers Falls is 112.
The Groceries index in Wappingers Falls is 105.
The Health index in Wappingers Falls is 110.
The Housing index in Wappingers Falls is 130.
The Transportation index in Wappingers Falls is 102.
The Utilities index in Wappingers Falls is 129.
| Living Expense | Wappingers Falls | New York | National Average | |
|---|---|---|---|---|
| Overall | 119 | 119 | 100 | |
| Services | 112 | 110 | 100 | |
| Groceries | 105 | 103 | 100 | |
| Health | 110 | 101 | 100 | |
| Housing | 130 | 145 | 100 | |
| Transportation | 102 | 105 | 100 | |
| Utilities | 129 | 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 Wappingers Falls is $478,124.
The Median Rent in Wappingers Falls is $1,490.
The Median Income in Wappingers Falls is $58,455.
The Home Value To Income in Wappingers Falls is 8.2x.
The Rent To Monthly Income in Wappingers Falls is 0.31x.
| Statistic | Wappingers Falls | New York | United States |
|---|---|---|---|
| Median Home Value | $478,124 | $508,764 | $303,400 |
| Median Rent | $1,490 | $1,576 | $1,348 |
| Median Income | $58,455 | $84,578 | $78,538 |
| Home Value To Income | 8.2x | 6.0x | 3.9x |
| Rent To Monthly Income | 0.31x | 0.22x | 0.21x |
| Item | Wappingers Falls | New York |
|---|---|---|
| Shampoo | $1.5 | $1.28 |
| Movie | $13.76 | $12.13 |
| Bowling | $19.63 | $18 |
| Haircut | $32.33 | $24.26 |
| Beauty Salon | $48.56 | $45.56 |
| Item | Wappingers Falls | New York |
|---|---|---|
| Ground Beef | $6.34 | $5.84 |
| Fried Chicken | $1.61 | $1.57 |
| Milk | $4.73 | $4.67 |
| Potatoes | $5.03 | $4.93 |
| Pizza | $10.07 | $12.09 |
| Beer | $10.62 | $10.41 |
| Toothpaste | $3.66 | $3.7 |
| Item | Wappingers Falls | New York |
|---|---|---|
| Optometrist | $140.1 | $125.68 |
| Doctor | $143.23 | $135.78 |
| Dentist | $123.0 | $113.29 |
| Item | Wappingers Falls | New York |
|---|---|---|
| Gasoline | $3.33 | $3.46 |
| Tire Balancing | $57.68 | $59.92 |
| Item | Wappingers Falls | New York |
|---|---|---|
| All Electricity | $281.67 | $193.99 |
| Phone | $185.16 | $192.25 |
The cost of living varies in the cities and towns around Wappingers Falls. Here's a quick look at the cost of living in the most populous nearby places:
Myers Corner, NY has a cost of living index of 124, 1.0x Wappingers Falls.
Orange Lake, NY has a cost of living index of 124, 1.0x Wappingers Falls.
Mahopac, NY has a cost of living index of 134, 1.1x Wappingers Falls.
| City | Population | Cost Of Living | Vs. Wappingers Falls |
|---|---|---|---|
| Myers Corner, NY | 10,786 | 124 | 1.0x |
| Orange Lake, NY | 9,588 | 124 | 1.0x |
| Mahopac, NY | 9,171 | 134 | 1.1x |
| New Windsor, NY | 8,427 | 120 | 1.0x |
| Lake Carmel, NY | 8,090 | 125 | 1.1x |
| New Paltz, NY | 8,028 | 122 | 1.0x |
| Walden, NY | 6,871 | 119 | 1.0x |
| Milton, PA | 6,582 | 92 | 0.8x |
| Washingtonville, NY | 5,723 | 116 | 1.0x |