Cost of living in Glen Cove research summary. The cost of living index is set to 100 for the average place in the United States. A cost of living index above 100 means Glen Cove is expensive. An index value below 100 means the city is a relatively cheap place to live.
On a city-by-city basis in New York, home prices and rent have the biggest impact on the cost of living. Here are the key takeaways based on Saturday Night Science:
The cost of living index in Glen Cove is 152, with 100 being the average.
The cost of living index in Glen Cove is 1.5x higher than the national average.
Glen Cove ranks as the #250 cheapest in New York out of 340.
Glen Cove ranks as the #5,876 cheapest out of 6,412 in the US.
The median home value in Glen Cove is $535,100.
The median income in Glen Cove is $81,693.
According to the most recent data on the cost of living, Glen Cove has an overall cost of living index of 152, which is 1.5x higher than the national index of 100.
Compared to New York, Glen Cove has a cost of living index that's 1.2x higher than New York's index of 126.
The standard of living in Glen Cove ranks as #250 most affordable out of the 340 places we measured in New York. By definition, that implies Glen Cove ranks as the #90 most expensive place in the Empire State.
For more reading on life in Glen Cove, check out:
Six factors go into calculating the cost of living index in Glen Cove. Here is how it fairs on each of the criteria:
The Services index in Glen Cove is 122.
The Groceries index in Glen Cove is 108.
The Health index in Glen Cove is 118.
The Housing index in Glen Cove is 237.
The Transportation index in Glen Cove is 118.
The Utilities index in Glen Cove is 131.
Living Expense | Glen Cove | New York | National Average | |
---|---|---|---|---|
Overall | 152 | 126 | 100 | |
Services | 122 | 110 | 100 | |
Groceries | 108 | 104 | 100 | |
Health | 118 | 105 | 100 | |
Housing | 237 | 175 | 100 | |
Transportation | 118 | 107 | 100 | |
Utilities | 131 | 102 | 100 |
Housing swings affordability the most between places in New York, so we broke down housing costs into more detail. Home and income data comes from the most recent US Census ACS 2017-2021. The key points are:
The Median Home Value in Glen Cove is $535,100.
The Median Rent in Glen Cove is $1,904.
The Median Income in Glen Cove is $81,693.
The Home Value To Income in Glen Cove is 6.6x.
The Rent To Monthly Income in Glen Cove is 0.28x.
Statistic | Glen Cove | New York | United States |
---|---|---|---|
Median Home Value | $535,100 | $340,600 | $244,900 |
Median Rent | $1,904 | $1,390 | $1,163 |
Median Income | $81,693 | $75,157 | $69,021 |
Home Value To Income | 6.6x | 4.5x | 3.5x |
Rent To Monthly Income | 0.28x | 0.22x | 0.2x |
The cost of living varies in the cities and towns around Glen Cove. Here's a quick look at the cost of living in the most populous nearby places:
Levittown, NY has a cost of living index of 140, 0.9x Glen Cove.
Plainview, NY has a cost of living index of 155, 1.0x Glen Cove.
Massapequa, NY has a cost of living index of 163, 1.1x Glen Cove.
City | Population | Cost Of Living | Vs. Glen Cove |
---|---|---|---|
Levittown, NY | 52,540 | 140 | 0.9x |
Plainview, NY | 26,665 | 155 | 1.0x |
Massapequa, NY | 22,249 | 163 | 1.1x |
Merrick, NY | 20,990 | 172 | 1.1x |
Syosset, NY | 19,347 | 177 | 1.2x |
Woodmere, NY | 17,267 | 176 | 1.2x |
Massapequa Park, NY | 17,149 | 157 | 1.0x |
Port Washington, NY | 16,807 | 185 | 1.2x |
Malverne, NY | 8,583 | 149 | 1.0x |
Bronxville, NY | 6,569 | 221 | 1.5x |