Cost Of Living in Hudson Falls, 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	Hudson Falls	New York	National
Cost of living	94	117	100
Goods & Services	106	108	100
Groceries	103	102	100
Health care	93	103	100
Housing	73	145	100
Transportation	97	105	100
Utilities	102	100	100

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Cost Of Living Quick Facts

The cost of living in Hudson Falls is 20% lower than the New York average
The cost of living in Hudson Falls is 6% lower than the national average
Hudson Falls housing is 27% 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

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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	$70,701	$5,892	$1,650	$2,121
Renters	$30,346	$2,529	$708	$910

The affordability of the housing market in Hudson Falls, 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 Hudson Falls homeowners, the median income is $70,701. This indicates that a monthly maximum of $1,650 should be spent by homeowners on all housing related costs. Renters have a median income of $30,346. This indicates that renters would have a maximum of $708 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	Hudson Falls	National avg.	Difference
Haircut	$28.28	$24.26	16.6%
Beauty Salon	$51.36	$45.56	12.7%
Toothpaste	$3.74	$3.70	1.1%
Shampoo	$1.28	$1.28	0.3%
Movie	$13.08	$12.13	7.8%
Bowling	$15.96	$18.00	11.3%

Groceries

Item	Hudson Falls	National avg.	Difference
Ground Beef	$6.06	$5.84	3.7%
Fried Chicken	$1.60	$1.57	1.5%
Milk	$4.85	$4.67	3.9%
Potatoes	$5.09	$4.93	3.2%
Pizza	$14.69	$12.09	21.5%
Beer	$10.90	$10.41	4.7%

Health Care

Item	Hudson Falls	National avg.	Difference
Optometrist	$132.47	$125.68	5.4%
Doctor	$111.33	$135.78	18.0%
Dentist	$111.69	$113.29	1.4%
Ibuprofen	$10.90	$10.65	2.3%
Lipitor	$436.57	$468.60	6.8%

Housing

Item	Hudson Falls	National avg.	Difference
Home Price	$128,400.00	$184,700.00	30.5%
Avg. Mortgage Payment	$2,531.65	$2,346.69	7.9%
Apartment Rent	$772.00	$949.00	18.7%

Transportation

Item	Hudson Falls	National avg.	Difference
Gasoline	$3.55	$3.46	2.5%
Tire Balancing	$50.33	$59.92	16.0%

Utilities

Item	Hudson Falls	National avg.	Difference
All Electricity	$196.70	$193.99	1.4%
Phone	$195.71	$192.25	1.8%

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.
Argyle, NY	403	92	7.9%
Fort Ann, NY	377	93	6.8%
Fort Edward, NY	3,275	93	6.6%
Salem, NY	933	94	5.5%
Warrensburg, NY	3,209	97	3.0%
Hudson Falls, NY	7,067	94	6.2%

Cities with similar population

City	Population	Cost of Living Index	National Avg.
Saint-Apollinaire, QC	7,067	n/a
Delphos, OH	7,066	92	7.8%
Cos Cob, CT	7,065	214	114.5%
Orland Hills, IL	7,069	108	7.9%
Baie-Saint-Paul, QC	7,069	n/a
Hudson Falls, NY	7,067	94	6.2%

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 Hudson Falls, NY