The cost of living in Armonk, NY, significantly exceeds the nationwide average. Housing costs are 75% higher, while groceries, utilities, healthcare, and miscellaneous expenses are also above average, ranging from 10% to 50% more. Transportation costs remain close to the national average at 5% higher.
The cost of living in Armonk, NY, significantly exceeds the nationwide average. Housing costs in Armonk are 75% higher than the national average, with an index of 175. This means that housing expenses, such as rent or mortgage payments, are considerably more expensive for residents compared to the rest of the country. Groceries also cost more, with an index of 120, indicating a 20% increase over the national average.
Utilities in Armonk are 10% higher than the nationwide average, with an index of 110. This includes costs for electricity, gas, water, and other essential services. Transportation costs are slightly above average, at 5% higher, with an index of 105. Healthcare costs are also elevated, at 15% higher than the national average, with an index of 115. Miscellaneous expenses, such as entertainment, clothing, and personal care, are 25% higher, with an index of 125. These factors combined make Armonk a more expensive place to live compared to the national average.
