What does a Drilling and Boring Machine Tool Setters, Operators, and Tenders, Metal and Plastic salary really buy you in New York?
New York is 7.6% pricier than the US averageData: BLS OEWS 2024 + BEA Regional Price Parities 2022 • Updated 2026-03-31
New York's Regional Price Parity (RPP) is 107.6, meaning prices are 7.6% higher the national average. A Drilling and Boring Machine Tool Setters, Operators, and Tenders, Metal and Plastic earning $57,180 in New York has the equivalent purchasing power of $53,141 in an average-cost US state.
Every dollar goes further in low-cost states. Here is how each salary percentile compares after adjusting for New York's cost of living.
| Percentile | Nominal Salary | COL-Adjusted | Difference |
|---|---|---|---|
| 10th Percentile (P10) | $32,250 | $29,972 | $-2,277 |
| 25th Percentile (P25) | $42,390 | $39,395 | $-2,994 |
| Median (P50) | $57,180 | $53,141 | $-4,038 |
| 75th Percentile (P75) | $61,990 | $57,611 | $-4,378 |
| 90th Percentile (P90) | $63,550 | $59,061 | $-4,488 |
While $57,180 sounds high, New York's elevated cost of living erases 7% of that salary's purchasing power. Your real buying power is $53,141. Consider whether the higher pay offsets the higher costs.
Where does Drilling and Boring Machine Tool Setters, Operators, and Tenders, Metal and Plastic salary stretch the furthest? Top 10 states ranked by COL-adjusted median salary.
New York ranks #14 out of 30 states for Drilling and Boring Machine Tool Setters, Operators, and Tenders, Metal and Plastic after cost-of-living adjustment.
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A Drilling and Boring Machine Tool Setters, Operators, and Tenders, Metal and Plastic in New York earns a median salary of $57,180 per year. After adjusting for New York's cost of living (RPP=107.6), the real purchasing power is $53,141 — a -7.1% difference.
New York's cost of living is 7.6% higher than the national average according to the BEA Regional Price Parities (2022). The RPP index for New York is 107.6 (US average = 100).
Regional Price Parities (RPPs) are price indexes published by the U.S. Bureau of Economic Analysis (BEA) that measure differences in price levels across states. They are expressed as a percentage of the national average (US = 100). Higher RPP means higher cost of living.
The adjusted salary is calculated as: Nominal Salary x (100 / RPP). For a Drilling and Boring Machine Tool Setters, Operators, and Tenders, Metal and Plastic in New York: $57,180 x (100 / 107.6) = $53,141. This represents what the salary would be worth in a state with average living costs.
Partially — a Drilling and Boring Machine Tool Setters, Operators, and Tenders, Metal and Plastic's nominal salary of $57,180 in New York has 7.1% less purchasing power due to higher living costs. The real value is $53,141. However, New York may offer better career opportunities, networking, and industry access.