F
54%
Overall NAT. AVG.
13%
Goods & Services NAT. AVG.
150%
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 Hicksville New York National
Cost of living154117100
Goods & Services113108100
Groceries105102100
Health care110103100
Housing250145100
Transportation102105100
Utilities131100100

An Overview of Cost of Living in Hicksville, NY

Understanding the cost of living in Hicksville can help future residents assess whether their current financial situation aligns with the expenses they will encounter. It enables them to plan for potential changes in their budget and lifestyle. The Hicksville cost of living index is 154, which is 54% higher than the national average. The cost of living index is calculated by taking into account multiple categories, which encompass both the cost of everyday expenditures and larger expenses as well.

If you prioritize affordability when seeking a new place to live, Hicksville may not be your ideal choice, as it ranks among the most expensive locations in the entire United States. A very small amount of areas exhibit a cost of living at least 20% higher than the national average, and unfortunately, Hicksville falls into this category, which may not align with your preferences for a budget-friendly living environment.

Housing costs make up a big chunk of the cost of living in Hicksville, and they usually eat into a large part of your take-home pay. Unfortunately, in this area, both buying a home and renting one costs 149.7% more than the average city. This includes stuff like home prices, rent, mortgage rates, and insurance.

Goods and services make up 33% of the total cost of living index score and are a large part of your everyday expenses. These items could include things like haircuts, salons, toothpaste, shampoo, clothes, movies, bowling, gym memberships or yoga. In Hicksville, you can expect to pay 12.9% more than average for these items, making it a more expensive place to live.

Is Hicksville Affordable?

Is Hicksville affordable? This is a pivotal question, especially when mulling over a move, as affordability carries substantial weight in your decision-making process. Factors such as the cost of living index (discussed earlier), housing expenses and income levels all contribute to a location's affordability. For instance, in Hicksville, the median home price is 160% higher than the national average and monthly rent prices are 125.6% higher than the typical rates. Additionally, the median income levels play a role in affordability, with Hicksville boasting a median household income of $119,190, 115.4% higher than the national average.

What Factors can Influence the Cost of Living in Hicksville?

Utilities: Similar to the prices of any goods or services, utility expenses can fluctuate widely, contingent on variables such as climate, available energy sources, geographical location and state regulations. Costs associated with electricity, water, heating, and waste disposal can differ in magnitude, depending on the specific city or state. In Hicksville, the utilities index registers at 31.4% higher than the national average.

Transportation: In cities with limited or no public transportation, residents may find it necessary to own and maintain vehicles, thereby elevating the cost of living. Monthly expenditures include fuel, insurance, routine maintenance and potential lease or financing commitments. In Hicksville, the transportation index stands at 1.8% higher than the national average.

Healthcare: The costs associated with healthcare and insurance premiums can exhibit notable disparities based on the city or state of residence. Access to healthcare facilities, out-of-pocket expenses for medical appointments, dental care charges, prescription medication costs and specialized medical care expenses all contribute to variations in the cost of living. In Hicksville, healthcare costs are 9.9% higher than the national average.

Where is the Data From?

The cost of living in Hicksville, presented above is derived from the C2ER cost of living index, offering a practical method for assessing living cost disparities in urban areas. Published quarterly, this index compiles data from more than 300 independent researchers, encompassing over 60 goods and services in 6 categories. The weightings assigned to cost variances are informed by government survey data tracking the expenditure patterns of professional and executive households. It should be noted that the C2ER index does not include data on sales or income tax rates, however, AreaVibes incorporates tax rates into the overall cost of living score for each area.

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Cost Of Living Quick Facts

  • The cost of living in Hicksville is 31% higher than the New York average
  • The cost of living in Hicksville is 54% higher than the national average
  • Hicksville housing is 150% higher 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 Hicksville

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Compare Hicksville, 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$124,061$10,338$2,895$3,722
      Renters$79,000$6,583$1,843$2,370
      A good way to judge both the affordability of the housing and the cost of living in Hicksville is by simply calculating the maximum that should be spent on housing, otherwise known as the debt-to-income ratio (DTI). The plan is to avoid spending more than 28 percent of the gross income on costs that pertain to housing and no more than 36 percent on all expenses and debts. Hicksville has a median income of about $124,061 for people who own homes. Based on that number, a maximum of $2,895 should be spent on expenses related to housing. Renters have a slightly different median income, which is $79,000. Based on this average, renters should spend no more than $1,843 on all rental costs if they want to maintain a non-impoverished standard of living.

      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 Hicksville National avg. Difference
      Haircut $32.33$24.2633.3%
      Beauty Salon $48.56$45.566.6%
      Toothpaste $3.66$3.701.1%
      Shampoo $1.50$1.2817.4%
      Movie $13.76$12.1313.4%
      Bowling $19.63$18.009.0%

      Groceries

      Item Hicksville National avg. Difference
      Ground Beef $6.34$5.848.6%
      Fried Chicken $1.61$1.572.4%
      Milk $4.73$4.671.2%
      Potatoes $5.03$4.931.9%
      Pizza $10.07$12.0916.7%
      Beer $10.62$10.412.0%

      Health Care

      Item Hicksville National avg. Difference
      Optometrist $140.10$125.6811.5%
      Doctor $143.23$135.785.5%
      Dentist $123.00$113.298.6%
      Ibuprofen $11.00$10.653.3%
      Lipitor $401.34$468.6014.4%

      Housing

      Item Hicksville National avg. Difference
      Home Price $480,300.00$184,700.00160.0%
      Avg. Mortgage Payment $1,857.27$2,346.6920.9%
      Apartment Rent $2,141.00$949.00125.6%

      Transportation

      Item Hicksville National avg. Difference
      Gasoline $3.33$3.463.7%
      Tire Balancing $57.68$59.923.7%

      Utilities

      Item Hicksville National avg. Difference
      All Electricity $281.67$193.9945.2%
      Phone $185.16$192.253.7%
      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.
      Wyandanch, NY11,63212726.6%
      Brentwood, NY62,74313029.8%
      North Bay Shore, NY19,72813030.2%
      Hempstead, NY55,15313635.8%
      Copiague, NY23,20013332.8%
      Hicksville, NY42,46815453.6%

      Cities with similar population

      City Population Cost of Living Index National Avg.
      Urbana, IL42,461936.6%
      Schertz, TX42,4331055.4%
      Pittsfield, MA42,5141010.6%
      Woodbridge, VA42,51712726.8%
      Rohnert Park, CA42,55916262.3%
      Hicksville, NY42,46815453.6%
      Date & Last Updated: This data reflects 2023 and was released from C2ER in January, 2024; this is the most current data available.