Cost Of Living in Valley Cottage, NY

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	Valley Cottage	New York	National
Cost of living	145	117	100
Goods & Services	113	108	100
Groceries	105	102	100
Health care	110	103	100
Housing	222	145	100
Transportation	102	105	100
Utilities	131	100	100

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Cost Of Living Quick Facts

The cost of living in Valley Cottage is 24% higher than the New York average
The cost of living in Valley Cottage is 45% higher than the national average
Valley Cottage housing is 122% 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

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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	$124,549	$10,379	$2,906	$3,737
Renters	$40,682	$3,390	$949	$1,221

The affordability of the housing market in Valley Cottage, NY as well as the overall cost of living can be predicted by what percent of the monthly income is spent on housing related costs. This is konwn as the debt-to-income ratio (DTI). The overall rule of thumb is that no more than 28% of your gross income should be spent on the overall costs related to housing and no more than 36% of gross income on all expenses and debts. Among Valley Cottage homeowners, the median income is $124,549. This indicates that a monthly maximum of $2,906 should be spent by homeowners on all housing related costs. Renters have a median income of $40,682. This indicates that renters would have a maximum of $949 for their rent related monthly 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	Valley Cottage	National avg.	Difference
Haircut	$32.33	$24.26	33.3%
Beauty Salon	$48.56	$45.56	6.6%
Toothpaste	$3.66	$3.70	1.1%
Shampoo	$1.50	$1.28	17.4%
Movie	$13.76	$12.13	13.4%
Bowling	$19.63	$18.00	9.0%

Groceries

Item	Valley Cottage	National avg.	Difference
Ground Beef	$6.34	$5.84	8.6%
Fried Chicken	$1.61	$1.57	2.4%
Milk	$4.73	$4.67	1.2%
Potatoes	$5.03	$4.93	1.9%
Pizza	$10.07	$12.09	16.7%
Beer	$10.62	$10.41	2.0%

Health Care

Item	Valley Cottage	National avg.	Difference
Optometrist	$140.10	$125.68	11.5%
Doctor	$143.23	$135.78	5.5%
Dentist	$123.00	$113.29	8.6%
Ibuprofen	$11.00	$10.65	3.3%
Lipitor	$401.34	$468.60	14.4%

Housing

Item	Valley Cottage	National avg.	Difference
Home Price	$418,100.00	$184,700.00	126.4%
Avg. Mortgage Payment	$1,857.27	$2,346.69	20.9%
Apartment Rent	$2,021.00	$949.00	113.0%

Transportation

Item	Valley Cottage	National avg.	Difference
Gasoline	$3.33	$3.46	3.7%
Tire Balancing	$57.68	$59.92	3.7%

Utilities

Item	Valley Cottage	National avg.	Difference
All Electricity	$281.67	$193.99	45.2%
Phone	$185.16	$192.25	3.7%

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.
Greenville CDP (Greene County), NY	604	106	6.1%
Paterson, NJ	145,484	115	15.3%
Mount Ivy, NY	7,390	122	21.6%
Haverstraw, NY	12,076	123	22.7%
Harriman, NY	2,996	123	22.8%
Valley Cottage, NY	8,861	145	45.4%

Cities with similar population

City	Population	Cost of Living Index	National Avg.
Smithville, NJ	8,861	105	4.6%
Southeast Arcadia, FL	8,859	88	11.8%
Redlands, CO	8,863	122	22.1%
Laurens, SC	8,863	85	14.7%
Covington, TN	8,863	85	14.7%
Valley Cottage, NY	8,861	145	45.4%

Date & Last Updated: This data reflects 2023 and was released from C2ER in January, 2024; this is the most current data available.

Cost of Living in Valley Cottage, NY