Mount Sinai, NY, displays a higher cost of living index across various categories compared to the nationwide average of 100. Housing in Mount Sinai stands at 150, indicating a 50% increase over the average. Similarly, groceries, utilities, transportation, healthcare, and miscellaneous expenses all surpass the national benchmark, signaling that residents face costs notably above the average.
For instance, grocery costs in Mount Sinai reach 120, which is 20% higher than the average. Utilities, transportation, healthcare, and other expenses also show increases of 10%, 5%, 30%, and 15%, respectively. These figures reveal the importance of considering the elevated cost of living when evaluating job opportunities in Mount Sinai, NY.
The cost of living in Mount Sinai, NY, shows some significant differences from the nationwide average, which is set at 100. Housing costs in Mount Sinai are notably higher, with an index of 150. This means that expenses for rent or mortgage payments are 50% higher than the national average. People looking to buy a home or rent an apartment should expect to allocate a larger portion of their budget to housing here.
When it comes to groceries, the cost of living index in Mount Sinai is 120. This suggests that grocery bills are 20% higher than the national average. For families and individuals on a budget, this can add up quickly over time. Utilities, at an index of 110, show that these costs are 10% above the nationwide average. Transportation costs are slightly above average, with an index of 105, showing a modest 5% increase. Healthcare expenses also rise, with an index of 130, which means these costs are 30% higher than the national average. Lastly, miscellaneous expenses have an index of 115, meaning they are 15% higher than average. Overall, Mount Sinai has a higher cost of living in several key areas, especially in housing and healthcare.
