Salary & Cost of Living in Lacey, NY
Lacey, NY: $63,220 median salary, cost of living index 125.9, $15.00/hr minimum wage. Calculate your take-home pay with our free paycheck calculator.
Median Salary
$63,220
$30/hr
Cost of Living
125.9
US avg = 100
Minimum Wage
$15.00
per hour
Unemployment
4.3%
rate
Lacey, NY Overview
Population
29,252
Median Salary
$63,220
Average Salary
$70,806
Avg Commute
16 min
Median Home Price
$437,000
Median Rent
$1,763/mo
Job Growth
+0.9%
Sales Tax
4%
Lacey is located in New York with a population of 29,252. The median household salary is $63,220 per year ($30/hour), which is $3,836 above the national median of $59,384. The average commute time is 16 minutes, and the city has a job growth rate of +0.9%.
Lacey Paycheck Calculator
Enter your annual salary to see your estimated take-home pay in Lacey, NY, after federal, state, and local taxes.
Estimated Annual Take-Home Pay
$47,778
$3,981.51/month · $1,837.62/biweekly · Effective Rate: 24.4%
Gross Pay
$63,220
Federal Tax
-$5,548
State Tax
-$4,331
Local Tax
-$727
FICA
-$4,836
Net Pay
$47,778
Pay Breakdown
| Item | Monthly | Annual |
|---|---|---|
| Gross Salary | $5,268.33 | $63,220.00 |
| Federal Income Tax | -$462.33 | -$5,547.90 |
| New York State Tax (6.85%) | -$360.88 | -$4,330.57 |
| Local Tax (1.15%) | -$60.59 | -$727.03 |
| Social Security (6.2%) | -$326.64 | -$3,919.64 |
| Medicare (1.45%) | -$76.39 | -$916.69 |
| Net Take-Home Pay | $3,981.51 | $47,778.17 |
Salary Comparison: Lacey vs Other Cities
See how Lacey's median salary and cost of living compare to the national average and similar cities.
| City | Median Salary | COL Index | Adj. Salary |
|---|---|---|---|
| Lacey, NY | $63,220 | 125.9 | $50,214 |
| National Average | $59,384 | 100 | $59,384 |
| Palo Alto, CA | $63,223 | 145 | $43,602 |
| Pittsburg, CA | $63,237 | 145.9 | $43,343 |
| Stafford, VA | $63,170 | 106.5 | $59,315 |
| Apple Valley, MN | $63,278 | 97.7 | $64,768 |
Adjusted salary reflects purchasing power when cost of living is factored in. A higher adjusted salary means your money goes further.
Cost of Living in Lacey
Lacey's cost of living index is 125.9 (national average = 100). Living in Lacey is 25.900000000000006% more expensive than the national average.
Median Home Price
$437,000
Median Monthly Rent
$1,763
Annual Rent Cost
$21,156
Your Salary's Purchasing Power
Your $47,778 annual take-home pay in Lacey has the purchasing power of approximately $37,949 in an average-cost US area. You would need to earn $79,594 in Lacey to match a $63,220 salary in an average-cost city.
Top Industries in Lacey
Lacey's economy is driven by these key industries. Workers in top industries often earn significantly above the median salary of $63,220.
Salary Tips for Lacey Workers
- Negotiate for cost of living. Lacey has a cost of living 25.900000000000006% above the national average. When negotiating salary, factor in the higher housing and living costs to ensure your real purchasing power stays competitive.
- Maximize pre-tax deductions. With a 6.85% state income tax rate, maximizing 401(k) contributions (up to $23,500 in 2026) and HSA contributions can significantly reduce both your federal and state tax burden.
- Research top industries. Lacey's top industries include Finance, Technology, Healthcare. Targeting roles in these sectors can help you earn above the $63,220 median salary.
- Review your W-4 withholding. If you regularly receive large tax refunds, adjust your W-4 to increase your per-paycheck take-home pay instead of giving the government an interest-free loan.
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Frequently Asked Questions
What is the median salary in Lacey, NY?
The median salary in Lacey, NY is $63,220 per year, or $30 per hour. The average salary is $70,806. This is $3,836 above the national median of $59,384.
What is the cost of living in Lacey, NY?
Lacey's cost of living index is 125.9 (national average = 100), meaning it is 25.900000000000006% more expensive compared to the national average. The median home price is $437,000 and the median monthly rent is $1,763.
What are the best industries in Lacey?
The top industries in Lacey, NY include Finance, Technology, Healthcare. The city has a job growth rate of 0.9% and an unemployment rate of 4.3%. Workers in these industries often earn above the city's median salary of $63,220.
How does Lacey's salary compare to other cities?
Lacey's median salary of $63,220 is 6.5% above the national median of $59,384. However, when adjusted for cost of living (index: 125.9), the real purchasing power is approximately $50,214.
What is the minimum wage in Lacey, NY?
The minimum wage in Lacey, NY is $15.00 per hour. This equals approximately $31,200 per year for a full-time worker (40 hours/week). This is $7.75 above the federal minimum wage of $7.25/hour.