Cost Of Living in Spackenkill, 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	Spackenkill	New York	National
Cost of living	128	117	100
Goods & Services	113	108	100
Groceries	105	102	100
Health care	110	103	100
Housing	166	145	100
Transportation	102	105	100
Utilities	131	100	100

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Cost Of Living Quick Facts

The cost of living in Spackenkill is 10% higher than the New York average
The cost of living in Spackenkill is 28% higher than the national average
Spackenkill housing is 66% 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	$124,545	$10,379	$2,906	$3,737
Renters	$36,563	$3,047	$853	$1,097

The affordability of the housing market in Spackenkill, 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 Spackenkill homeowners, the median income is $124,545. This indicates that a monthly maximum of $2,906 should be spent by homeowners on all housing related costs. Renters have a median income of $36,563. This indicates that renters would have a maximum of $853 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	Spackenkill	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	Spackenkill	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	Spackenkill	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	Spackenkill	National avg.	Difference
Home Price	$306,200.00	$184,700.00	65.8%
Avg. Mortgage Payment	$1,857.27	$2,346.69	20.9%
Apartment Rent	$0.00	$949.00	100.0%

Transportation

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

Utilities

Item	Spackenkill	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.
Rifton, NY	506	112	12.4%
Salt Point, NY	190	112	12.4%
High Falls, NY	415	106	5.7%
Copake Hamlet, NY	161	106	6.1%
Newburgh, NY	28,146	108	7.6%
Spackenkill, NY	4,090	128	28.4%

Cities with similar population

City	Population	Cost of Living Index	National Avg.
Walthourville, GA	4,090	89	11.2%
Saint-Jacques, QC	4,090	n/a
Whiteman AFB, MO	4,092	101	1.4%
Northern Rockies, BC	4,092	n/a
De Motte, IN	4,093	92	7.9%
Spackenkill, NY	4,090	128	28.4%

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 Spackenkill, NY