F
49%
Overall NAT. AVG.
13%
Goods & Services NAT. AVG.
134%
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 St. James New York National
Cost of living149117100
Goods & Services113108100
Groceries105102100
Health care110103100
Housing234145100
Transportation102105100
Utilities131100100

An Overview of Cost of Living in St. James, NY

Are you thinking about relocating, but curious about the potential cost of living in St. James? Is it more expensive or more affordable than average? Based on the most recent report, the cost of living in St. James stands at 149, making it 49% higher than the national average. The cost of living directly affects the affordability of one's desired lifestyle. Knowing the cost of housing, transportation, groceries and other essentials in the new area allows people to gauge whether they can maintain their preferred standard of living.

If you value affordability in your search for a new place to live, St. James may not be the most suitable option, as it stands out as one of the priciest areas in the entire United States. Only a small fraction of regions have a cost of living that is more than 20% higher than the national average, and regrettably, St. James falls into this category, which may not align with your desire for an affordable place to call home.

Housing costs are a major factor in the St. James cost of living index, and they often eat up a big chunk of your take-home pay. Unfortunately, in this area, housing expenses for both homeownership and rentals were 134.1% higher than what's typical in an average city. That includes the prices of homes and rents, as well as mortgage rates and insurance.

Everyday goods and services make up 33% of the cost of living index and include things like clothing, personal hygiene products and entertainment which are a large portion of your monthly expenditures. Unfortunately, St. James goods and services are 12.9% more expensive than the national average, leaving you with less money at the end of the month.

Is St. James Affordable?

Is St. James 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 St. James, the median home price is 159.4% higher than the national average and monthly rent prices are 74.9% higher than the typical rates. Additionally, the median income levels play a role in affordability, with St. James boasting a median household income of $122,542, 121.5% higher than the national average.

What Factors can Influence the Cost of Living in St. James?

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 St. James, the standard sales tax rate starts at 4%, and the income tax rates commence at 4%.

Groceries: Grocery prices have seen substantial hikes in the last 2-3 years, with some markets witnessing food cost increases of over 20% during this period. Conversely, certain markets have experienced only moderate upticks. These variations in food expenses can have a substantial impact on the overall cost of living in any locality. In St. James, the groceries index is 5.4% higher than the national average.

Subsidies: Some areas might offer government subsidies or assistance programs that help lower cost of living for residents. These programs can include anything from 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 crop subsidies. Areas that offer less subsidies, could see an increase in their cost of living.

Where is the Data From?

The St. James 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. Published on a quarterly basis, it compiles data from more than 300 independent researchers, encompassing over 60 goods and services. These items have been meticulously selected to represent various consumer expenditure categories, in 6 categories. Weightings assigned to cost differentials draw from government survey data tracking spending patterns among professional and executive households. While the C2ER index excludes data on sales or income tax rates, AreaVibes incorporates tax rates into the overall cost of living score for each region.

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Cost Of Living Quick Facts

  • The cost of living in St. James is 27% higher than the New York average
  • The cost of living in St. James is 49% higher than the national average
  • St. James housing is 134% 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 St. James

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Compare St. James, 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$130,350$10,863$3,041$3,911
      Renters$54,688$4,557$1,276$1,641
      To approximate the cost of living and the housing affordability in St. James, NY, we can look at the percentage of income that is available to be spent on monthly housing, otherwise known as the debt-to-income ratio (DTI). To stay on the safe side, a consumer should not spend more than 28% of his or her gross income on housing-related expenses and costs and not more than 36% of income on all expenses and debts. Homeowners in St. James have a median income of $130,350. Therefore, the amount that a consumer should spend on housing costs should be no more than $3,041 per month to avoid calamity and poverty. The renters in the city have an income of about $54,688, which would make their monthly maximum allowable rental costs $1,276.

      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 St. James 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 St. James 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 St. James 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 St. James National avg. Difference
      Home Price $479,200.00$184,700.00159.4%
      Avg. Mortgage Payment $1,857.27$2,346.6920.9%
      Apartment Rent $1,660.00$949.0074.9%

      Transportation

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

      Utilities

      Item St. James 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.
      Stony Brook University, NY8,57411212.4%
      Middle Island, NY11,03012424.2%
      Wyandanch, NY11,63212726.6%
      Ridge, NY13,53712726.5%
      Shirley, NY28,64012726.9%
      St. James, NY13,53314948.9%

      Cities with similar population

      City Population Cost of Living Index National Avg.
      Federal Heights, CO13,537919.4%
      Ridge, NY13,53712726.5%
      Bay St. Louis, MS13,539991.1%
      Sault Ste. Marie, MI13,5268613.7%
      Huntington, VA13,52614241.8%
      St. James, NY13,53314948.9%
      Date & Last Updated: This data reflects 2023 and was released from C2ER in January, 2024; this is the most current data available.