Cost Of Living in Scotchtown, 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	Scotchtown	New York	National
Cost of living	109	117	100
Goods & Services	92	108	100
Groceries	99	102	100
Health care	98	103	100
Housing	138	145	100
Transportation	95	105	100
Utilities	105	100	100

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Cost Of Living Quick Facts

The cost of living in Scotchtown is 7% lower than the New York average
The cost of living in Scotchtown is 9% higher than the national average
Scotchtown housing is 38% 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	$99,838	$8,320	$2,329	$2,995
Renters	$62,077	$5,173	$1,448	$1,862

A good indicator of the general affordability of housing in Scotchtown, 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 Scotchtown, the median monthly income is $99,838 for those who own their own homes. Under the standard rule, that income level would allow for $2,329 to be budgeted for housing expenses each month, at the most. Renters, on the other hand, earn about $62,077, per the median income in the area. That would allow for renters to spend up to $1,448 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	Scotchtown	National avg.	Difference
Haircut	$15.07	$24.26	37.9%
Beauty Salon	$34.93	$45.56	23.3%
Toothpaste	$3.62	$3.70	2.4%
Shampoo	$1.53	$1.28	19.2%
Movie	$10.20	$12.13	15.9%
Bowling	$13.92	$18.00	22.7%

Groceries

Item	Scotchtown	National avg.	Difference
Ground Beef	$5.70	$5.84	2.3%
Fried Chicken	$1.36	$1.57	13.2%
Milk	$4.59	$4.67	1.7%
Potatoes	$5.35	$4.93	8.5%
Pizza	$9.94	$12.09	17.7%
Beer	$11.82	$10.41	13.6%

Health Care

Item	Scotchtown	National avg.	Difference
Optometrist	$107.51	$125.68	14.5%
Doctor	$98.82	$135.78	27.2%
Dentist	$136.17	$113.29	20.2%
Ibuprofen	$10.78	$10.65	1.2%
Lipitor	$480.97	$468.60	2.6%

Housing

Item	Scotchtown	National avg.	Difference
Home Price	$246,500.00	$184,700.00	33.5%
Avg. Mortgage Payment	$1,547.84	$2,346.69	34.0%
Apartment Rent	$1,396.00	$949.00	47.1%

Transportation

Item	Scotchtown	National avg.	Difference
Gasoline	$3.64	$3.46	5.2%
Tire Balancing	$42.06	$59.92	29.8%

Utilities

Item	Scotchtown	National avg.	Difference
All Electricity	$205.85	$193.99	6.1%
Phone	$196.00	$192.25	2.0%

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.
Cragsmoor, NY	442	80	19.8%
Wurtsboro, NY	1,014	96	3.9%
Maybrook, NY	3,586	109	8.8%
Otisville, NY	1,515	98	1.7%
Walker Valley, NY	1,751	99	0.8%
Scotchtown, NY	9,814	109	8.5%

Cities with similar population

City	Population	Cost of Living Index	National Avg.
Fairmount, NY	9,817	97	3.0%
Malahide, ON	9,817	n/a
East Rockaway, NY	9,810	155	54.9%
Cody, WY	9,810	110	9.8%
St. Augustine Shores, FL	9,818	106	6.3%
Scotchtown, NY	9,814	109	8.5%

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 Scotchtown, NY