Saratoga Springs, NY Cost Of Living
Cost Of Living In Saratoga Springs, NY Summary
Cost of living in Saratoga Springs research summary. The cost of living index is set to 100 for the average place in the United States. A cost of living index above 100 means Saratoga Springs is expensive. An index value below 100 means the city is a relatively cheap place to live.
On a city-by-city basis in New York, home prices and rent have the biggest impact on the cost of living. Here are the key takeaways based on Saturday Night Science:
The cost of living index in Saratoga Springs is 122, with 100 being the average.
The cost of living index in Saratoga Springs is 1.2x higher than the national average.
Saratoga Springs ranks as the #126 cheapest in New York out of 340.
Saratoga Springs ranks as the #4,905 cheapest out of 6,412 in the US.
The median home value in Saratoga Springs is $366,100.
The median income in Saratoga Springs is $90,020.
Table Of Contents
Saratoga Springs's Overall Cost Of Living
Higher Than The National Average
What is the cost of living in Saratoga Springs, NY?
According to the most recent data on the cost of living, Saratoga Springs has an overall cost of living index of 122, which is 1.2x higher than the national index of 100.
Compared to New York, Saratoga Springs has a cost of living index that's 1.0x lower than New York's index of 126.
The standard of living in Saratoga Springs ranks as #126 most affordable out of the 340 places we measured in New York. By definition, that implies Saratoga Springs ranks as the #214 most expensive place in the Empire State.
For more reading on life in Saratoga Springs, check out:
- Living In Saratoga Springs
- Saratoga Springs Crime Report
- Search Homes For Sale In Saratoga Springs, NY
In New York
In America
Saratoga Springs Cost Of Living Vs. New York
Six factors go into calculating the cost of living index in Saratoga Springs. Here is how it fairs on each of the criteria:
The Services index in Saratoga Springs is 109.
The Groceries index in Saratoga Springs is 111.
The Health index in Saratoga Springs is 106.
The Housing index in Saratoga Springs is 158.
The Transportation index in Saratoga Springs is 104.
The Utilities index in Saratoga Springs is 98.
| Living Expense | Saratoga Springs | New York | National Average | |
|---|---|---|---|---|
| Overall | 122 | 126 | 100 | |
| Services | 109 | 110 | 100 | |
| Groceries | 111 | 104 | 100 | |
| Health | 106 | 105 | 100 | |
| Housing | 158 | 175 | 100 | |
| Transportation | 104 | 107 | 100 | |
| Utilities | 98 | 102 | 100 | |
Saratoga Springs, NY Housing Cost Breakdown
Housing swings affordability the most between places in New York, so we broke down housing costs into more detail. Home and income data comes from the most recent US Census ACS 2017-2021. The key points are:
The Median Home Value in Saratoga Springs is $366,100.
The Median Rent in Saratoga Springs is $1,374.
The Median Income in Saratoga Springs is $90,020.
The Home Value To Income in Saratoga Springs is 4.1x.
The Rent To Monthly Income in Saratoga Springs is 0.18x.
| Statistic | Saratoga Springs | New York | United States |
|---|---|---|---|
| Median Home Value | $366,100 | $340,600 | $244,900 |
| Median Rent | $1,374 | $1,390 | $1,163 |
| Median Income | $90,020 | $75,157 | $69,021 |
| Home Value To Income | 4.1x | 4.5x | 3.5x |
| Rent To Monthly Income | 0.18x | 0.22x | 0.2x |
Median Home Value
Median Rent
Median Income
Saratoga Springs, NY Costs By Category
Detailed Saratoga Springs Services Costs Vs. New York
| Item | Saratoga Springs | New York |
|---|---|---|
| Shampoo | $1.06 | $1.06 |
| Movie | $14.09 | $10.68 |
| Bowling | $17.0 | $14.67 |
| Haircut | $21.64 | $18.62 |
| Beauty Salon | $45.78 | $39.05 |
Detailed Saratoga Springs Groceries Costs Vs. New York
| Item | Saratoga Springs | New York |
|---|---|---|
| Ground Beef | $3.6 | $4.22 |
| Fried Chicken | $1.56 | $1.39 |
| Milk | $2.44 | $2.05 |
| Potatoes | $3.46 | $3.29 |
| Pizza | $10.52 | $10.62 |
| Beer | $9.93 | $9.38 |
| Toothpaste | $2.41 | $2.34 |
Detailed Saratoga Springs Health Costs Vs. New York
| Item | Saratoga Springs | New York |
|---|---|---|
| Optometrist | $142.69 | $108.57 |
| Doctor | $102.25 | $116.17 |
| Dentist | $110.33 | $99.13 |
Detailed Saratoga Springs Transportation Costs Vs. New York
| Item | Saratoga Springs | New York |
|---|---|---|
| Gasoline | $2.36 | $2.22 |
| Tire Balancing | $48.79 | $50.07 |
Detailed Saratoga Springs Utilities Costs Vs. New York
| Item | Saratoga Springs | New York |
|---|---|---|
| All Electricity | $163.41 | $167.67 |
| Phone | $188.21 | $175.64 |
Saratoga Springs SnackAbility
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Cost Of Living In Cities Around Saratoga Springs
The cost of living varies in the cities and towns around Saratoga Springs. Here's a quick look at the cost of living in the most populous nearby places:
Niskayuna, NY has a cost of living index of 110, 0.9x Saratoga Springs.
Glens Falls, NY has a cost of living index of 101, 0.8x Saratoga Springs.
East Glenville, NY has a cost of living index of 109, 0.9x Saratoga Springs.
| City | Population | Cost Of Living | Vs. Saratoga Springs |
|---|---|---|---|
| Niskayuna, NY | 20,369 | 110 | 0.9x |
| Glens Falls, NY | 14,784 | 101 | 0.8x |
| East Glenville, NY | 11,687 | 109 | 0.9x |
| West Glens Falls, NY | 9,379 | 103 | 0.8x |
| Glens Falls North, NY | 9,160 | 107 | 0.9x |
| Hudson Falls, NY | 7,413 | 99 | 0.8x |
| Scotia, NY | 7,305 | 98 | 0.8x |
| Milton, PA | 6,641 | 91 | 0.7x |
| Ballston Spa, NY | 5,510 | 106 | 0.9x |
| Country Knolls, NY | 5,491 | 119 | 1.0x |
