F
67%
Overall NAT. AVG.
13%
Goods & Services NAT. AVG.
194%
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 Mamaroneck New York National
Cost of living167117100
Goods & Services113108100
Groceries105102100
Health care110103100
Housing294145100
Transportation102105100
Utilities131100100

An Overview of Cost of Living in Mamaroneck, NY

Knowing the cost of living in Mamaroneck allows individuals to create a realistic budget. This helps them understand how their income will cover expenses and whether they need to make financial adjustments. The cost of living in any region can fluctuate due to various factors. To assess the cost of living consistently across different areas, a national average of 100 serves as the basis for the cost of living index. The cost of living in Mamaroneck stands at 167, marking it 67% higher than the national average.

If affordability is among your top priorities when searching for a new place to live, this area may not be the ideal fit, as the cost of living in Mamaroneck is among the most expensive in the United States. Just a minority of areas exhibit a cost of living at least 20% higher than the national average, and unfortunately, Mamaroneck falls into this category, which may not align with your goal of finding a budget-friendly living environment.

When it comes to the cost of living in Mamaroneck, 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 194.1% more expensive compared to your average city. That means you'll be shelling out more for homes, rents, mortgage rates and insurance.

Goods and services make up 33% of the total cost of living index score and are a large part of your everyday expenses. These items could include things like haircuts, salons, toothpaste, shampoo, clothes, movies, bowling, gym memberships or yoga. In Mamaroneck, you can expect to pay 12.9% more than average for these items, making it a more expensive place to live.

Is Mamaroneck Affordable?

Is Mamaroneck 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 Mamaroneck, for instance, where the median home price falls 232.9% higher than the national average, and monthly rent rates are 103.5% higher than usual. Additionally, median income levels contribute to the equation, with Mamaroneck flaunting a median household income of $106,828, 93.1% higher than the national norm.

What Factors can Influence the Cost of Living in Mamaroneck?

Taxes: Regions that impose higher taxes, including sales and income taxes, can contribute to an increased cost of living. Higher taxes for everyday necessities such as clothing, utilities and food inevitably leads to higher expenditures. Additionally, a higher income tax rate can also play a role in elevating the overall cost of living. In Mamaroneck, the prevailing sales tax rate starts at 4%, and income tax rates kick off at 4%.

Utilities: Similar to the prices of any other goods or services, utility expenditures can exhibit substantial variability, influenced by factors such as climate, energy sources accessibility, geographical location and state regulations. Costs related to electricity, water, heating, and waste disposal can fluctuate, whether higher or lower, contingent on the city or state. In Mamaroneck, the utilities index is 31.4% higher than the national average.

Groceries: Over the past 2-3 years, grocery expenses have experienced substantial upward trends. In certain markets, food prices have surged by over 20% during this period, while others have witnessed more modest increases. These fluctuations in food costs can wield significant influence over the overall cost of living in a given region. In Mamaroneck, the groceries index is 5.4% higher than the national average.

Where is the Data From?

The Mamaroneck 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 Mamaroneck is 43% higher than the New York average
  • The cost of living in Mamaroneck is 67% higher than the national average
  • Mamaroneck housing is 194% 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 Mamaroneck

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Compare Mamaroneck, 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$135,645$11,304$3,165$4,070
      Renters$85,807$7,151$2,002$2,574
      The percentage of monthly income spent on housing related expenses can help predict the affordability of housing in Mamaroneck, NY, as well as what the overall cost of living might be. Generally, a good rule to follow is that the debt-to-income (DTI) level you want to maintain is 28 percent or less of your income on your rent or mortgage payments and not more than 36 percent of income on all expenses and debts. In Mamaroneck, homeowners have a median income of $135,645. Using that number, a maximum of $3,165 per month should be allocated to housing expenses. For those who are renting instead of owning, the median income is $85,807, which means there is a maximum of $2,002 to be spent on the costs of renting a home or apartment.

      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 Mamaroneck 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 Mamaroneck 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 Mamaroneck 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 Mamaroneck National avg. Difference
      Home Price $614,900.00$184,700.00232.9%
      Avg. Mortgage Payment $1,857.27$2,346.6920.9%
      Apartment Rent $1,931.00$949.00103.5%

      Transportation

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

      Utilities

      Item Mamaroneck 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.
      Greenville CDP (Greene County), NY6041066.1%
      Guttenberg, NJ11,28413231.9%
      West New York, NJ52,77813534.8%
      Hartsdale, NY3,20513332.7%
      Mount Vernon, NY67,62313737.4%
      Mamaroneck, NY19,24716766.9%

      Cities with similar population

      City Population Cost of Living Index National Avg.
      Sylvania, OH19,242990.9%
      Murray, KY19,2548911.2%
      Syosset, NY19,25418181.1%
      Arbutus, MD19,26711110.7%
      Mineola, NY19,26716160.5%
      Mamaroneck, NY19,24716766.9%
      Date & Last Updated: This data reflects 2023 and was released from C2ER in January, 2024; this is the most current data available.