Cost of Living in Galway, NY
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
122.7
100 = national avg
+22.7 vs national average
Living Wage (1 Adult)
$53,992
per year
Living Wage (Family of 4)
$127,616
per year
Cost Index by Category
Housing146.6
Food106.1
Transportation112.3
Healthcare104.9
Utilities113.0
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$1,417
per month
2 Bedroom
$1,702
per month
The overall cost of living index in Galway is 122.7, which is 22.7% above the national average. Housing costs are above the national average at an index of 146.6. A single adult needs to earn approximately $53,992 per year to cover basic expenses.