Cost Of Living in Watervliet, 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	Watervliet	New York	National
Cost of living	98	117	100
Goods & Services	106	108	100
Groceries	103	102	100
Health care	93	103	100
Housing	87	145	100
Transportation	97	105	100
Utilities	102	100	100

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Cost Of Living Quick Facts

The cost of living in Watervliet is 16% lower than the New York average
The cost of living in Watervliet is 2% lower than the national average
Watervliet housing is 13% lower 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	$64,886	$5,407	$1,514	$1,947
Renters	$36,169	$3,014	$844	$1,085

A good indicator of the general affordability of housing in Watervliet, 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 Watervliet, the median monthly income is $64,886 for those who own their own homes. Under the standard rule, that income level would allow for $1,514 to be budgeted for housing expenses each month, at the most. Renters, on the other hand, earn about $36,169, per the median income in the area. That would allow for renters to spend up to $844 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	Watervliet	National avg.	Difference
Haircut	$28.28	$24.26	16.6%
Beauty Salon	$51.36	$45.56	12.7%
Toothpaste	$3.74	$3.70	1.1%
Shampoo	$1.28	$1.28	0.3%
Movie	$13.08	$12.13	7.8%
Bowling	$15.96	$18.00	11.3%

Groceries

Item	Watervliet	National avg.	Difference
Ground Beef	$6.06	$5.84	3.7%
Fried Chicken	$1.60	$1.57	1.5%
Milk	$4.85	$4.67	3.9%
Potatoes	$5.09	$4.93	3.2%
Pizza	$14.69	$12.09	21.5%
Beer	$10.90	$10.41	4.7%

Health Care

Item	Watervliet	National avg.	Difference
Optometrist	$132.47	$125.68	5.4%
Doctor	$111.33	$135.78	18.0%
Dentist	$111.69	$113.29	1.4%
Ibuprofen	$10.90	$10.65	2.3%
Lipitor	$436.57	$468.60	6.8%

Housing

Item	Watervliet	National avg.	Difference
Home Price	$154,100.00	$184,700.00	16.6%
Avg. Mortgage Payment	$2,531.65	$2,346.69	7.9%
Apartment Rent	$904.00	$949.00	4.7%

Transportation

Item	Watervliet	National avg.	Difference
Gasoline	$3.55	$3.46	2.5%
Tire Balancing	$50.33	$59.92	16.0%

Utilities

Item	Watervliet	National avg.	Difference
All Electricity	$196.70	$193.99	1.4%
Phone	$195.71	$192.25	1.8%

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.
Schenectady, NY	65,336	94	6.5%
Green Island, NY	2,647	95	4.7%
Mechanicville, NY	5,077	97	2.9%
Scotia, NY	7,648	97	2.7%
Waterford, NY	2,141	97	2.6%
Watervliet, NY	9,976	98	2.0%

Cities with similar population

City	Population	Cost of Living Index	National Avg.
Flat Rock, MI	9,974	96	4.2%
Morden, MB	9,973	n/a
Red Bank, SC	9,971	93	7.2%
Lambertville, MI	9,970	100	0.3%
Friendly, MD	9,984	137	36.8%
Watervliet, NY	9,976	98	2.0%

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 Watervliet, NY