Cost Of Living in University Gardens, 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	University Gardens	New York	National
Cost of living	189	117	100
Goods & Services	127	108	100
Groceries	113	102	100
Health care	121	103	100
Housing	354	145	100
Transportation	115	105	100
Utilities	102	100	100

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Cost Of Living Quick Facts

The cost of living in University Gardens is 62% higher than the New York average
The cost of living in University Gardens is 89% higher than the national average
University Gardens housing is 254% 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	$135,521	$11,293	$3,162	$4,066
Renters	$56,198	$4,683	$1,311	$1,686

The percent of monthly income spent on housing can be a good indicator of the affordability of housing in University Gardens, NY, as well as the overall cost of living. As a general rule of thumb, the debt-to-income ratio (DTI) for homeowners or renters should be not more than 28 percent of gross income to be spent on housing related costs and not more than 36 percent of income on all expenses, including debts. The median income for University Gardens homeowners, is $135,521. This would allow for a maximum of $3,162 per month to be spent on housing costs. For renters, the median monthly income is $56,198 which would result in a maximum of $1,311 to be spent on rental 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	University Gardens	National avg.	Difference
Haircut	$34.94	$24.26	44.0%
Beauty Salon	$64.07	$45.56	40.6%
Toothpaste	$3.96	$3.70	7.0%
Shampoo	$1.69	$1.28	32.3%
Movie	$13.68	$12.13	12.8%
Bowling	$29.40	$18.00	63.3%

Groceries

Item	University Gardens	National avg.	Difference
Ground Beef	$5.87	$5.84	0.6%
Fried Chicken	$1.46	$1.57	6.9%
Milk	$4.97	$4.67	6.3%
Potatoes	$5.21	$4.93	5.7%
Pizza	$12.57	$12.09	4.0%
Beer	$11.87	$10.41	14.0%

Health Care

Item	University Gardens	National avg.	Difference
Optometrist	$128.97	$125.68	2.6%
Doctor	$162.24	$135.78	19.5%
Dentist	$149.64	$113.29	32.1%
Ibuprofen	$11.15	$10.65	4.6%
Lipitor	$402.75	$468.60	14.1%

Housing

Item	University Gardens	National avg.	Difference
Home Price	$806,200.00	$184,700.00	336.5%
Avg. Mortgage Payment	$6,916.73	$2,346.69	194.7%
Apartment Rent	$1,538.00	$949.00	62.1%

Transportation

Item	University Gardens	National avg.	Difference
Gasoline	$3.55	$3.46	2.5%
Tire Balancing	$86.43	$59.92	44.2%

Utilities

Item	University Gardens	National avg.	Difference
All Electricity	$201.27	$193.99	3.8%
Phone	$200.67	$192.25	4.4%

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.
Guttenberg, NJ	11,284	132	31.9%
West New York, NJ	52,778	135	34.8%
Hempstead, NY	55,153	136	35.8%
Mount Vernon, NY	67,623	137	37.4%
Fairview CDP, NJ	3,842	138	37.5%
University Gardens, NY	4,310	189	89.3%

Cities with similar population

City	Population	Cost of Living Index	National Avg.
East Troy, WI	4,310	104	4.2%
Heritage Hills, NY	4,309	153	52.9%
Laurel, DE	4,311	96	4.3%
Atlantic Highlands, NJ	4,312	150	49.9%
Slatington, PA	4,307	96	4.0%
University Gardens, NY	4,310	189	89.3%

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 University Gardens, NY