Cost of Living in Three Mile Bay, New York
Three Mile Bay is a Census-designated place in Jefferson County, New York, with a population of 215. The total cost of housing, food, child care, transportation, health care, taxes, and other necessities for a single adult in Three Mile Bay is $36,710 a year — less than the annual cost of living for New York of $46,110 and less than the national figure of $38,433.
Using cost of living data from the nonprofift think tank Economic Policy Institute, 24/7 Wall St. estimated the cost of living in Three Mile Bay and over 29,000 other cities and towns in the US.
Housing Costs in Three Mile Bay, New York
Housing is one of the largest components of cost of living. In Three Mile Bay, the median home value is $156,600, less than the national median home value of $204,900.
Renting is a sometimes lower cost alternative to homeownership. In Three Mile Bay, some 13.00% of occupied homes are rented, less than the 36.2% national renter rate.
Transportation Costs in Three Mile Bay, New York
Transportation can also be a significant component of cost of living. In Three Mile Bay, 83.00% of commuters drive to work, compared to 85.5% of commuters nationwide. An estimated 83.00% of workers commute to jobs outside of Three Mile Bay, a larger share than the 43.7% share of commuters nationwide who live and work in different cities. The average commute in Three Mile Bay is 21.6 minutes long, compared to the 26.6-minute average commute nationwide. Taking into account the cost of gas, as well as public transit and car maintenance, the EPI estimates that a single person in Three Mile Bay spends $10,505 a year on transportation, more than the national average of $9,760.
Health Care Costs in Three Mile Bay, New York
Out-of-pocket health care costs and insurance premiums — assuming at least a basic level of health insurance coverage — are slightly higher than they are on average nationwide in Three Mile Bay but below what they are across New York as a whole.
For a single adult living in the area, average health care costs come out to $4,742 per year, compared to an average of $5,018 across New York and $4,266 nationwide.
Child care Costs in Three Mile Bay, New York
For families with children, child care adds thousands of dollars to overall annual spending. In Three Mile Bay, the average annual cost of child care for two children — one 4 year old and one 8 year old — is $25,545, about $4,300 less than the comparable average of $29,889 across all of New York. Meanwhile, across the U.S. as a whole, childcare expenses for two children averages $15,853 per year.
Food Costs in Three Mile Bay, New York
In Three Mile Bay, a single adult spends an average of $2,943 on food annually, and a family of four spends $8,500 on average. For context, average annual food expenditure across New York and the U.S., respectively, are $3,539 and $3,240 for a single adult, and $10,220 and $9,354 for a family of four. These estimates are calculated for a nutritionally adequate diet of food purchased at a grocery store for at-home preparation.
Taxes in Three Mile Bay, New York
Few expenses vary as much from city to city and town to town as taxes. Accounting for state and federal income taxes, as well as Social Security contributions and Medicare payroll taxes, the average adult working in Three Mile Bay, New York pays $6,486 annually — relatively little compared to the statewide average of $8,876.
It is important to note that these calculations do not include other common taxes such as property, sales, and excise taxes. Accounting for these taxes, while excluding taxes levied at the federal level, Three Mile Bay residents live in a state with a high average tax burden. Per capita state tax collections in New York total $4,531 per year, compared to the $3,151 average across all states.
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