C
0%
Overall NAT. AVG.
6%
Goods & Services NAT. AVG.
7%
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 Rotterdam New York National
Cost of living100117100
Goods & Services106108100
Groceries103102100
Health care93103100
Housing93145100
Transportation97105100
Utilities102100100

An Overview of Cost of Living in Rotterdam, NY

Understanding the cost of living in Rotterdam 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 Rotterdam cost of living index is 100, which is 0% equal to 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 Rotterdam aligns closely with the national average when compared to other cities across the nation. Everyday essentials such as groceries, goods and services, health care and utility bills are priced at a level consistent with the average in similar urban areas. Rotterdam residents can anticipate that their daily expenses won't be significantly higher than those in an average city, ensuring that the cost of living remains manageable.

Is Rotterdam Affordable?

Is Rotterdam 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 Rotterdam, the median home price is 10.3% lower than the national average and monthly rent prices are 0.5% lower than the typical rates. Additionally, the median income levels play a role in affordability, with Rotterdam boasting a median household income of $69,276, 25.2% higher than the national average.

What Factors can Influence the Cost of Living in Rotterdam?

Urbanization: Larger, urban centers, known for their wealth of amenities and strong employment prospects, often exhibit an elevated cost of living, primarily attributable to the heightened demand for services and residential relocation. Consequently, this scenario leads to elevated home prices and higher rental rates. In contrast, sparsely populated rural areas or regions characterized by diminished demand typically provide a more limited array of amenities and experience slower job market growth, resulting in a more affordable cost of living.

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 Rotterdam, the utilities index registers 1.7% higher than the national average.

Subsidies: Some cities and states may extend government subsidies or aid programs aimed at reducing the cost of living for their residents. These initiatives encompass diverse forms of support, 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 farm subsidies. Regions with limited subsidy provisions may witness an increase in their overall cost of living.

Where is the Data From?

The cost of living data in Rotterdam displayed above is sourced from the C2ER cost of living index, which serves as a practical tool for comparing living expenses across urban areas. Published on a quarterly basis, this index aggregates data from over 300 independent researchers, encompassing more than 60 goods and services, in 6 different categories. The weightings assigned to cost differences rely on government survey data that tracks the spending habits of professional and executive households. It's worth noting that the C2ER index excludes data on sales or income tax rates, while AreaVibes integrates tax rates into the overall cost of living evaluation for each region.

New Real Estate Listings in Rotterdam Area
Search Homes for Sale in Rotterdam, NY

Cost Of Living Quick Facts

  • The cost of living in Rotterdam is 15% lower than the New York average
  • The cost of living in Rotterdam is equal to the national average
  • Rotterdam housing is 7% 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 Rotterdam

See all the best places to live around Rotterdam

Compare Rotterdam, NY Cost of Living

      vs
      How would you rate the cost of living in Rotterdam?
      Write a review to give others more information about this area.
      Is the cost of living increasing or decreasing in Rotterdam?
      Write a review to give others more information about this area.
      See all Rotterdam poll results

      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$78,549$6,546$1,833$2,357
      Renters$42,221$3,518$985$1,267
      The percent of monthly income spent on housing can be a good indicator of the affordability of housing in Rotterdam, 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 Rotterdam homeowners, is $78,549. This would allow for a maximum of $1,833 per month to be spent on housing costs. For renters, the median monthly income is $42,221 which would result in a maximum of $985 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 Rotterdam National avg. Difference
      Haircut $28.28$24.2616.6%
      Beauty Salon $51.36$45.5612.7%
      Toothpaste $3.74$3.701.1%
      Shampoo $1.28$1.280.3%
      Movie $13.08$12.137.8%
      Bowling $15.96$18.0011.3%

      Groceries

      Item Rotterdam National avg. Difference
      Ground Beef $6.06$5.843.7%
      Fried Chicken $1.60$1.571.5%
      Milk $4.85$4.673.9%
      Potatoes $5.09$4.933.2%
      Pizza $14.69$12.0921.5%
      Beer $10.90$10.414.7%

      Health Care

      Item Rotterdam National avg. Difference
      Optometrist $132.47$125.685.4%
      Doctor $111.33$135.7818.0%
      Dentist $111.69$113.291.4%
      Ibuprofen $10.90$10.652.3%
      Lipitor $436.57$468.606.8%

      Housing

      Item Rotterdam National avg. Difference
      Home Price $165,700.00$184,700.0010.3%
      Avg. Mortgage Payment $2,531.65$2,346.697.9%
      Apartment Rent $944.00$949.000.5%

      Transportation

      Item Rotterdam National avg. Difference
      Gasoline $3.55$3.462.5%
      Tire Balancing $50.33$59.9216.0%

      Utilities

      Item Rotterdam National avg. Difference
      All Electricity $196.70$193.991.4%
      Phone $195.71$192.251.8%
      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.
      Amsterdam, NY17,8238910.5%
      Schenectady, NY65,336946.5%
      Fort Johnson, NY774954.8%
      Green Island, NY2,647954.7%
      Hagaman, NY1,452954.6%
      Rotterdam, NY21,9391000.3%

      Cities with similar population

      City Population Cost of Living Index National Avg.
      Gardner, KS21,936990.8%
      Summit, NJ21,91318383.2%
      Marina, CA21,96616161.1%
      Bloomington, CA21,90712524.6%
      Bloomingdale, IL21,90512020.4%
      Rotterdam, NY21,9391000.3%
      Date & Last Updated: This data reflects 2023 and was released from C2ER in January, 2024; this is the most current data available.