Cost Of Living in Mount Ivy, NY

Get crime, demographics and other data for any address in Mount Ivy, NY

F

22%

Overall NAT. AVG.

13%

Goods & Services NAT. AVG.

43%

Housing NAT. AVG.

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	Mount Ivy	New York	National
Cost of living	122	117	100
Goods & Services	113	108	100
Groceries	105	102	100
Health care	110	103	100
Housing	143	145	100
Transportation	102	105	100
Utilities	131	100	100

See How Much House You Can Afford. Get Pre-Approved Today

Cost Of Living Quick Facts

The cost of living in Mount Ivy is 4% higher than the New York average
The cost of living in Mount Ivy is 22% higher than the national average
Mount Ivy housing is 43% 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 Mount Ivy

See all the best places to live around Mount Ivy

Compare Mount Ivy, NY Cost of Living

Write a review to give others more information about this area.

See all Mount Ivy poll results

The best places in New York

Here are the best places to live in New York

See the best places to live in Mount Ivy

Most Dangerous Cities In The US

These are the largest cities in New York

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	$100,083	$8,340	$2,335	$3,003
Renters	$56,500	$4,708	$1,318	$1,695

A good way to judge both the affordability of the housing and the cost of living in Mount Ivy is by simply calculating the maximum that should be spent on housing, otherwise known as the debt-to-income ratio (DTI). The plan is to avoid spending more than 28 percent of the gross income on costs that pertain to housing and no more than 36 percent on all expenses and debts. Mount Ivy has a median income of about $100,083 for people who own homes. Based on that number, a maximum of $2,335 should be spent on expenses related to housing. Renters have a slightly different median income, which is $56,500. Based on this average, renters should spend no more than $1,318 on all rental costs if they want to maintain a non-impoverished standard of living.

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	Mount Ivy	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	Mount Ivy	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	Mount Ivy	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	Mount Ivy	National avg.	Difference
Home Price	$258,100.00	$184,700.00	39.7%
Avg. Mortgage Payment	$1,857.27	$2,346.69	20.9%
Apartment Rent	$1,434.00	$949.00	51.1%

Transportation

Item	Mount Ivy	National avg.	Difference
Gasoline	$3.33	$3.46	3.7%
Tire Balancing	$57.68	$59.92	3.7%

Utilities

Item	Mount Ivy	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%
Mountain Lodge Park, NY	2,824	112	12.4%
Chester, NY	4,057	105	5.0%
Greenwood Lake, NY	3,080	110	9.8%
Highland Falls, NY	3,826	119	18.8%
Mount Ivy, NY	7,390	122	21.6%

Cities with similar population

City	Population	Cost of Living Index	National Avg.
Lake Mathews, CA	7,389	151	51.4%
Heathcote, NJ	7,389	143	42.6%
Mentor-on-the-Lake, OH	7,391	92	8.5%
Hiawatha, IA	7,395	94	6.4%
Saint-Philippe, QC	7,384	n/a
Mount Ivy, NY	7,390	122	21.6%