F
51%
Overall NAT. AVG.
13%
Goods & Services NAT. AVG.
140%
Housing NAT. AVG.
Search Homes for Sale
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 Kiryas Joel New York National
Cost of living151117100
Goods & Services113108100
Groceries105102100
Health care110103100
Housing240145100
Transportation102105100
Utilities131100100

An Overview of Cost of Living in Kiryas Joel, NY

Understanding the cost of living in Kiryas Joel 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 Kiryas Joel cost of living index is 151, which is 51% 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.

The cost of living in Kiryas Joel is among the highest in the country, making it a very expensive place to live. Only a small fraction of regions boast a cost of living that is at least 20% higher than the national average, and regrettably, Kiryas Joel falls into this category, which may not be suitable for those seeking an economically favorable living environment.

When it comes to the cost of living in Kiryas Joel, housing costs are a real heavyweight, often hogging a significant chunk of your earnings. Sadly, in this area, housing expenses for both buying and renting were 140.5% more expensive compared to your average city. That means you'll be shelling out more for homes, rents, 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 Kiryas Joel, you can expect to pay 12.9% more than average for these items, making it a more expensive place to live.

Is Kiryas Joel Affordable?

Is Kiryas Joel 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 Kiryas Joel, the median home price is 187.3% higher than the national average and monthly rent prices are 31.2% higher than the typical rates. Additionally, the median income levels play a role in affordability, with Kiryas Joel boasting a median household income of $35,437, 35.9% lower than the national average.

What Factors can Influence the Cost of Living in Kiryas Joel?

Taxes: Locations with elevated tax rates, encompassing both sales and income taxes, can be a factor in driving up the cost of living. When you're paying more in taxes for everyday goods and services, it naturally translates into higher expenses. Similarly, a higher income tax rate can also contribute to an overall higher cost of living. In Kiryas Joel, the standard sales tax rate starts at 4%, and the income tax rates commence at 4%.

Housing: When everyone's vying for homes in popular areas, it drives up property prices and rents, making the overall cost of living surge. On the flip side, in less sought-after locales, where housing demand is low, prices tend to dip, resulting in a more economical cost of living. In Kiryas Joel, the housing index comes in at 140.5% higher than the national average.

Utilities: As with the prices of anything else, utility costs can exhibit significant variations, contingent on factors like climate, energy source availability, geographic location and state regulations. The expenses associated with electricity, water, heating, and waste disposal can fluctuate, either upward or downward, depending on the particular city or state. In Kiryas Joel, the utilities index registers 31.4% higher than the national average.

Where is the Data From?

The Kiryas Joel 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 Kiryas Joel is 29% higher than the New York average
  • The cost of living in Kiryas Joel is 51% higher than the national average
  • Kiryas Joel housing is 140% 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 Kiryas Joel

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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$54,432$4,536$1,270$1,633
      Renters$29,611$2,468$691$888
      The percentage of monthly income spent on housing related expenses can help predict the affordability of housing in Kiryas Joel, NY, as well as what the overall cost of living might be. Generally, a good rule to follow is that the debt-to-income (DTI) level you want to maintain is 28 percent or less of your income on your rent or mortgage payments and not more than 36 percent of income on all expenses and debts. In Kiryas Joel, homeowners have a median income of $54,432. Using that number, a maximum of $1,270 per month should be allocated to housing expenses. For those who are renting instead of owning, the median income is $29,611, which means there is a maximum of $691 to be spent on the costs of renting a home or apartment.

      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 Kiryas Joel 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 Kiryas Joel 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 Kiryas Joel 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 Kiryas Joel National avg. Difference
      Home Price $530,700.00$184,700.00187.3%
      Avg. Mortgage Payment $1,857.27$2,346.6920.9%
      Apartment Rent $1,245.00$949.0031.2%

      Transportation

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

      Utilities

      Item Kiryas Joel 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.
      Newburgh, NY28,1461087.6%
      Maybrook, NY3,5861098.8%
      Middletown, NY28,0181010.6%
      Mountain Lodge Park, NY2,82411212.4%
      Mechanicstown, NY7,7701021.8%
      Kiryas Joel, NY25,91015150.8%

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      City Population Cost of Living Index National Avg.
      East Gwillimbury, ON25,899n/a 
      Columbine, CO25,89214039.9%
      Holt, MI25,888945.8%
      Sachse, TX25,88812120.8%
      Prosper, TX25,88714848.0%
      Kiryas Joel, NY25,91015150.8%
      Date & Last Updated: This data reflects 2023 and was released from C2ER in January, 2024; this is the most current data available.