2019 Cost of Living Calculator for Taxes:
Melbourne, Florida and New York, New York

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Our Premium Cost of Living Calculator includes, State and Local Income Taxes, State and Local Sales Taxes, Real Estate Transfer Fees, Federal, State, and Local Consumer Taxes (Gasoline, Liquor, Beer, Cigarettes), Corporate Taxes, plus Auto Sales, Property and Registration Taxes, and an Online Tool to customize your own personal estimated tax burden. Click here to customize.


Taxes in New York, New York are 76.8% more expensive than Melbourne, Florida

100 = US Average. Below 100 means cheaper than the US average. Above 100 means more expensive. About our Cost of Living Index
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In order to keep your same standard of living your salary can vary greatly. - whether you buy or rent, require child care, or want to include taxes. This is why we are now offering a Premium Salary & Cost of Living Calculator.

Our Premium Calculator Includes:
- Compare Cities cost of living across 9 different categories
- Personal salary calculations can optionally include Home ownership or rental, Child care, and Taxes (with details on state and local sales, income, property and automobile taxes)
- Includes the cost of Child Care for toddlers or infants, at a day care center or home care
- Groceries prices, detailed for 29 staple items in six categories
- Difference in cost of Utilities, including electric, gas and fuel oil
- Health Care Premiums and hospital expenses for major surgeries
- Taxes, Fees and Expenses you should know about, such as local car insurance rates, automobile taxes and registration, commuting costs.
- and 100s of other items you should consider before you relocate

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TAXES BASED ON $60,000 INCOME

Social Security TaxesMelbourne, FLNew York, NYU.S. Avg
Tax Social Security
Social Security Note

Sales Taxes Amount (Rate)Melbourne, FLNew York, NYU.S. Avg
Estimated Taxable Amount
State Sales Tax
County Sales Tax
Local Sales Tax
Total  

Tax On FoodMelbourne, FLNew York, NYU.S. Avg
Sales Tax On Food

Real Estate Taxes AmountMelbourne, FLNew York, NYU.S. Avg
Median Home Value
Sales / Transfer Tax Percentage
   Amortized Over 13 Years
Property Tax
Total 

Assumes the local median home price and sales tax is amoritized over 13 years.


Motor Vehicle Taxes AmountMelbourne, FLNew York, NYU.S. Avg
Auto Sales Tax (amortized over 6 years)
Yearly Property Tax
Yearly Registration
Total

Assumes a new $25,000 Honda Accord and Sales Tax is amortized over 6 years.


Other State TaxesMelbourne, FLNew York, NYU.S. AvgDifference
Corporate Income (Max)
Gasoline (per gallon)
Cigarettes (per pack)
Liquor (per gallon)
Wine (per gallon)
Beer (per gallon)

* grt = Gross Receipts Tax. In this state, the corporation is required to pay the gross receipts tax on each sale instead of a traditional income tax based on its earnings. The effect is that a percentage of the total revenue or gross receipts for each sale has to be paid to the state as tax. The gross receipts tax is much like a Value Added Tax, only for businesses rather than individuals. Four states impose gross receipt taxes, Nevada, Ohio, Texas, and Washington.

Assumptions:
- Single, standard deduction, one exemption
- Sales Tax includes food and services where applicable
- Real tax taxes are based on the local median home price
- Car taxes assume a new Honda Accord costing $25,000

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WHAT IS COST OF LIVING

Before moving to a new city you want to know how much it will cost to live there. “Cost of living” is the amount of money you need to maintain a certain lifestyle in a given place. The price of goods and services vary from one city to another, calculating the cost of living will help you determine how much more or less you need to make and help you factor in expenses.

The expenses that go in to determining cost of living include housing prices for renters or homeowners, housing affordability, entertainment costs, transportation expenses, food prices, and taxes.


WHAT IS COST OF LIVING INDEX

A cost of living index allows you to compare what it costs to live in one place against another, helping you get a glimpse of how far your money will go before you move. For example the cost of living in New York City is almost twice that of Portland, Oregon.

Our goal with the Cost of Living Calculator is to help you feel more confident in deciding where to live and help you find your best place to live.

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