F
45%
Overall NAT. AVG.
13%
Goods & Services NAT. AVG.
120%
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 Jefferson Valley-Yorktown New York National
Cost of living145117100
Goods & Services113108100
Groceries105102100
Health care110103100
Housing220145100
Transportation102105100
Utilities131100100

An Overview of Cost of Living in Jefferson Valley-Yorktown, NY

Getting a feel for the cost of living in Jefferson Valley-Yorktown is essential for anyone planning to relocate, as it empowers them to make informed financial decisions, secure a comfortable lifestyle and maintain financial stability in their new environment. The cost of living in Jefferson Valley-Yorktown is 145, which is 45% higher than the national average. Relocating individuals may need to adjust their savings and investment strategies based on the cost of living in the new location. It influences decisions about retirement planning, investments and financial goals.

If you value affordability in your search for a new place to live, Jefferson Valley-Yorktown 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, Jefferson Valley-Yorktown falls into this category, which may not align with your desire for an affordable place to call home.

When it comes to the cost of living in Jefferson Valley-Yorktown, 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 119.8% more expensive compared to your average city. That means you'll be shelling out more for homes, rents, mortgage rates and insurance.

Recurring essentials like haircuts, toothpaste, and entertainment, from movies to gym sessions, can really add up in your budget and make up 33% of the cost of living index. In Jefferson Valley-Yorktown, you you will have to spend 12.9% more than average when compared to the typical prices for these items, making it a more expensive place to live.

Is Jefferson Valley-Yorktown Affordable?

Is Jefferson Valley-Yorktown affordable? It's a key consideration when pondering a move, as affordability often shapes your choices. The cost of living index (we discussed it earlier), coupled with housing costs and income levels, serves as the cornerstone for determining a location's affordability. Take Jefferson Valley-Yorktown, for instance, where the median home price falls 139.8% higher than the national average, and monthly rent rates are 73% higher than usual. Additionally, median income levels contribute to the equation, with Jefferson Valley-Yorktown flaunting a median household income of $130,189, 135.3% higher than the national norm.

What Factors can Influence the Cost of Living in Jefferson Valley-Yorktown?

Transportation: If public transportation is limited or not available, residents may need to own and maintain vehicles, which can add to the cost of living. Gas, insurance, regular maintenance and potentially lease or finance payments will all need to be paid on a monthly basis. In Jefferson Valley-Yorktown, the transportation index is 1.8% 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.

Groceries: Grocery expenditures have undergone notable escalation over the last 2-3 years. In some markets, the cost of food products has surged by more than 20%, while others have experienced only modest increments. These fluctuations in food costs can have a significant impact on the overall cost of living in any region. In Jefferson Valley-Yorktown, the groceries index registers 5.4% higher than the national average.

Where is the Data From?

The Jefferson Valley-Yorktown cost of living data you see above is sourced from the C2ER cost of living index, providing a practical and accurate means of comparing living expenses in urban areas. Updated quarterly, this index gathers data from over 300 independent researchers, covering more than 60 goods and services, in 6 different categories. These selections are made meticulously to represent a wide range of consumer expenditure categories. The weightings applied to cost differences are based on government survey data that tracks spending patterns among professional and executive households. It's important to note that while the C2ER index excludes data on sales or income tax rates, AreaVibes factors tax rates into the overall cost of living score for each region.

New Real Estate Listings in Jefferson Valley-Yorktown Area
Search Homes for Sale in Jefferson Valley-Yorktown, NY

Cost Of Living Quick Facts

  • The cost of living in Jefferson Valley-Yorktown is 24% higher than the New York average
  • The cost of living in Jefferson Valley-Yorktown is 45% higher than the national average
  • Jefferson Valley-Yorktown housing is 120% 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 Jefferson Valley-Yorktown

See all the best places to live around Jefferson Valley-Yorktown

Compare Jefferson Valley-Yorktown, NY Cost of Living

      vs
      How would you rate the cost of living in Jefferson Valley-Yorktown?
      Write a review to give others more information about this area.
      Is the cost of living increasing or decreasing in Jefferson Valley-Yorktown?
      Write a review to give others more information about this area.
      See all Jefferson Valley-Yorktown 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$131,475$10,956$3,068$3,945
      Renters$0$0$0$0
      A good indicator of the general affordability of housing in Jefferson Valley-Yorktown, NY, is the percentage of monthly income that should be spent on housing expenses, otherwise known as the debt-to-income ratio (DTI). Generally speaking, no more than 28 percent of your total gross income should be spent on your housing expenses and not more than 36 percent of your gross income on total expenses, including debts. In Jefferson Valley-Yorktown, the median monthly income is $131,475 for those who own their own homes. Under the standard rule, that income level would allow for $3,068 to be budgeted for housing expenses each month, at the most. Renters, on the other hand, earn about $0, per the median income in the area. That would allow for renters to spend up to $0 on monthly rental expenses.

      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 Jefferson Valley-Yorktown 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 Jefferson Valley-Yorktown 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 Jefferson Valley-Yorktown 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 Jefferson Valley-Yorktown National avg. Difference
      Home Price $442,900.00$184,700.00139.8%
      Avg. Mortgage Payment $1,857.27$2,346.6920.9%
      Apartment Rent $1,642.00$949.0073.0%

      Transportation

      Item Jefferson Valley-Yorktown National avg. Difference
      Gasoline $3.33$3.463.7%
      Tire Balancing $57.68$59.923.7%

      Utilities

      Item Jefferson Valley-Yorktown 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.
      Watchtower, NY2,09211212.4%
      Copake Hamlet, NY1611066.1%
      Newburgh, NY28,1461087.6%
      Vails Gate, NY2,92011515.5%
      New Windsor, NY8,86611818.3%
      Jefferson Valley-Yorktown, NY13,78614544.6%

      Cities with similar population

      City Population Cost of Living Index National Avg.
      Bridgetown, OH13,786955.5%
      Wood Dale, IL13,78311414.3%
      Lockhart, TX13,782945.8%
      St. Helens, OR13,77911212.0%
      Andrews, TX13,797964.4%
      Jefferson Valley-Yorktown, NY13,78614544.6%
      Date & Last Updated: This data reflects 2023 and was released from C2ER in January, 2024; this is the most current data available.