A+
14%
Overall NAT. AVG.
2%
Goods & Services NAT. AVG.
44%
Housing NAT. AVG.
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Date & Last Updated: This data reflects 2023 and was released from C2ER in January, 2024; this is the most current data available.
The cost of living index is based on a national average of 100. For example, if the cost of living is 90, then it is 10% lower than average. If the cost of living is 110, then it is 10% higher than average. The breakdown for each index is as follows: goods & services (33%), groceries (13%), health care (5%), housing (30%), transportation (9%) and utilities (10%). If the cost of living data was unavailable for this city, estimates based upon nearby cities were used.
Index Endicott New York National
Cost of living86117100
Goods & Services99108100
Groceries99102100
Health care86103100
Housing56145100
Transportation102105100
Utilities105100100

An Overview of Cost of Living in Endicott, NY

Knowing the cost of living in Endicott allows individuals to create a realistic budget. This helps them understand how their income will cover expenses and whether they need to make financial adjustments. The cost of living in any region can fluctuate due to various factors. To assess the cost of living consistently across different areas, a national average of 100 serves as the basis for the cost of living index. The cost of living in Endicott stands at 86, marking it 14% lower than the national average.

Housing costs often consume a significant share of your take-home income, often surpassing 30%. Fortunately, Endicott distinguishes itself by reporting housing expenses that are 43.8% below the national average. This indicates that both owning a home and renting in this area are notably more budget-friendly compared to the rest of the nation. With such favorable housing affordability, residents of Endicott can allocate more of their income to housing, enhancing their financial flexibility.

Is Endicott Affordable?

Is Endicott an affordable place to live? It's a good question and one that you might want to ask when considering any new city, as affordability can play a huge role in the decision making process. The cost of living index (which we covered above), as well as housing costs and income levels play a vital role in determining the affordability of an area. The median home price in Endicott is 52.2% lower than the national average, while the average monthly rent prices are 24.2% lower than average. The affordability of any location can also be influenced by median income levels. Endicott has a median household income of $40,838, which is 26.2% lower than the national average.

What Factors can Influence the Cost of Living in Endicott?

Subsidies: Certain cities or states may implement government subsidies or assistance programs with the goal of alleviating the cost of living pressures on their residents. These programs encompass a broad spectrum of support mechanisms, including Medicare, Medicaid, housing subsidies, low-income home energy assistance programs, school lunch programs, supplemental nutrition assistance programs, student loans, electric vehicle tax credits, affordable care act subsidies and farming subsidies. Areas offering fewer subsidies may experience a rise in their cost of living.

Utilities: Similar to the prices of any other goods or services, utility expenditures can exhibit substantial variability, influenced by factors such as climate, energy sources accessibility, geographical location and state regulations. Costs related to electricity, water, heating, and waste disposal can fluctuate, whether higher or lower, contingent on the city or state. In Endicott, the utilities index is 4.9% higher than the national average.

Groceries: Over the past 2-3 years, grocery expenses have experienced substantial upward trends. In certain markets, food prices have surged by over 20% during this period, while others have witnessed more modest increases. These fluctuations in food costs can wield significant influence over the overall cost of living in a given region. In Endicott, the groceries index is 1.2% lower than the national average.

Where is the Data From?

The Endicott cost of living data displayed above is derived from the C2ER cost of living index to provide a useful and reasonably accurate measure of living cost differences in urban areas. The index takes into account data from 300 independent researches, covering more than 60 goods and services across 6 different categories, to create an overall index for each area, with 100 being the average. The C2ER index does not include sales or income tax rates in their data, however AreaVibes does include both income and sales tax rates in the overall cost of living score for each area.

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Cost Of Living Quick Facts

  • The cost of living in Endicott is 26% lower than the New York average
  • The cost of living in Endicott is 14% lower than the national average
  • Endicott housing is 44% lower than the national average
  • New York general sales tax is 22% lower than the national average
  • New York state income tax is 54% higher than the national average

Most Affordable Places to Live in and Around Endicott

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Compare Endicott, NY Cost of Living

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      Salary Calculator

      This is how much you would need to earn in
      Price difference in compared to
      Cost of living index
      Goods & Services index
      Groceries index
      Health care index
      Housing index
      Transportation index
      Utilities index

      Median Income & Debt-To-Income Ratio

      Median Income Per Year Per Month Max Budget (28% DTI) Max Budget (36% DTI)
      Owners$56,988$4,749$1,330$1,710
      Renters$28,202$2,350$658$846
      The percent of monthly income spent on housing can be a good indicator of the affordability of housing in Endicott, 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 Endicott homeowners, is $56,988. This would allow for a maximum of $1,330 per month to be spent on housing costs. For renters, the median monthly income is $28,202 which would result in a maximum of $658 to be spent on rental costs.

      New York Sales Tax

      State General Sales Tax With Max Surtax
      New York 4% 8.875%

      New York Income Tax

      State Income Tax (Low) Income Tax (High)
      New York 4% 10.9%

      Goods & Services

      Item Endicott National avg. Difference
      Haircut $25.33$24.264.4%
      Beauty Salon $32.67$45.5628.3%
      Toothpaste $3.80$3.702.7%
      Shampoo $1.41$1.2810.1%
      Movie $10.00$12.1317.6%
      Bowling $15.45$18.0014.2%

      Groceries

      Item Endicott National avg. Difference
      Ground Beef $6.36$5.849.0%
      Fried Chicken $1.54$1.572.1%
      Milk $4.68$4.670.1%
      Potatoes $5.29$4.937.3%
      Pizza $11.60$12.094.0%
      Beer $11.68$10.4112.2%

      Health Care

      Item Endicott National avg. Difference
      Optometrist $72.00$125.6842.7%
      Doctor $93.33$135.7831.3%
      Dentist $108.18$113.294.5%
      Ibuprofen $10.79$10.651.3%
      Lipitor $479.33$468.602.3%

      Housing

      Item Endicott National avg. Difference
      Home Price $88,300.00$184,700.0052.2%
      Avg. Mortgage Payment $1,416.51$2,346.6939.6%
      Apartment Rent $719.00$949.0024.2%

      Transportation

      Item Endicott National avg. Difference
      Gasoline $3.68$3.466.4%
      Tire Balancing $53.74$59.9210.3%

      Utilities

      Item Endicott National avg. Difference
      All Electricity $207.13$193.996.8%
      Phone $195.27$192.251.6%
      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 Population Cost of Living Index National Avg.
      Binghamton University, NY6,162990.8%
      Glen Aubrey, NY2588811.7%
      Candor, NY8998911.2%
      Owego, NY3,8508713.0%
      Binghamton, NY44,8198515.1%
      Endicott, NY12,6848613.7%

      Cities with similar population

      City Population Cost of Living Index National Avg.
      Meadville, PA12,684919.5%
      Echelon, NJ12,68711313.1%
      Lansdowne, VA12,67916059.9%
      Crowley, LA12,6898910.9%
      St. Ann, MO12,6898416.3%
      Endicott, NY12,6848613.7%
      Date & Last Updated: This data reflects 2023 and was released from C2ER in January, 2024; this is the most current data available.