Cost of Living in Ithaca, NY
| Cost of Living in Ithaca, NY | Compared to State Average | Compared to National Average |
|---|---|---|
| Housing (Buy and Rent) | 67% lower | 0% |
| Utilities (Monthly) | 7% lower | 5% higher |
| Food | 17% lower | 6% lower |
| Healthcare | 5% lower | 10% higher |
| Transportation | 9% lower | 0% |
| Goods & Services | 17% lower | 4% higher |
The cost of living in Ithaca, NY is 40% lower than the state average and 1% higher than the national average. Ithaca, NY housing is 0% as the U.S average, while utilities are about 5% pricier. When it comes to basic necessities such as food and clothing, groceries are around 6% cheaper in Ithaca, NY than in the rest of the country, while clothing costs around 4% more .
Healthcare services such as doctor check-ups and dentistry cost 10% more here compared to the U.S. average. At the same time, non-necessary expenses such as entertainment and grooming services are 4% pricier in Ithaca, NY.
Housing is the most significant expense for most American households. The cost of living in a certain city takes into account both the price of rent and the price of a home. The average monthly rent in Ithaca is $2,300, while home prices circle around $470,329.
Both owning and renting come with utility expenses. These costs include basic services such as energy and telecommunications. In Ithaca, energy bills cost around $218.25 per month.
Food is the most important necessity and its cost varies around the country. This section includes the prices of everyday foods such as produce, meat and dairy. A bottle of milk costs about $4.40 in Ithaca, a dozen eggs go for around $3.49 and a pound of potatoes circles around $5.54.
The benchmark for this category is based on the prices of family doctor visits and specialized services such as optometry. In Ithaca, an optometry check-up costs around $143.14, while a dentist appointment is priced $117.92 on average.
Transportation expenses depend on multiple factors, with fuel being the most important. A gallon of gas is priced around $2.95 in Ithaca, while getting your tires balanced will run you about $81.48.
The cost of clothing tells you how much more or less money you need to buy basic items such as jeans, shirts or slacks in a new city. A men's shirt costs around $23.69 here. Meanwhile, a pair of women's slacks will set you back around $44.68.
The cost of entertainment and everyday services is based on common expenses in each category. For a movie ticket in Ithaca, you should budget around $14.53 a month. When it comes to personal services, a haircut usually goes for $25.00, while dry cleaning costs about $21.05.
The cost of living also takes median household income into account, so you can estimate how much more or less you could be earning in a new city by comparing it to the income in your current area. In Ithaca, the median household income is $48,617.