Inwood, NY Cost Of Living
Cost Of Living In Inwood, NY Summary
Cost of living in Inwood 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 Inwood 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 Inwood is 143, with 100 being the average.
The cost of living index in Inwood is 1.4x higher than the national average.
Inwood ranks as the #209 cheapest in New York out of 340.
Inwood ranks as the #5,677 cheapest out of 6,412 in the US.
The median home value in Inwood is $456,800.
The median income in Inwood is $65,298.
Table Of Contents
Inwood's Overall Cost Of Living
Higher Than The National Average
What is the cost of living in Inwood, NY?
According to the most recent data on the cost of living, Inwood has an overall cost of living index of 143, which is 1.4x higher than the national index of 100.
Compared to New York, Inwood has a cost of living index that's 1.1x higher than New York's index of 126.
The standard of living in Inwood ranks as #209 most affordable out of the 340 places we measured in New York. By definition, that implies Inwood ranks as the #131 most expensive place in the Empire State.
For more reading on life in Inwood, check out:
- Living In Inwood
- Search Homes For Sale In Inwood, NY
In New York
In America
Inwood Cost Of Living Vs. New York
Six factors go into calculating the cost of living index in Inwood. Here is how it fairs on each of the criteria:
The Services index in Inwood is 135.
The Groceries index in Inwood is 148.
The Health index in Inwood is 110.
The Housing index in Inwood is 178.
The Transportation index in Inwood is 131.
The Utilities index in Inwood is 97.
| Living Expense | Inwood | New York | National Average | |
|---|---|---|---|---|
| Overall | 143 | 126 | 100 | |
| Services | 135 | 110 | 100 | |
| Groceries | 148 | 104 | 100 | |
| Health | 110 | 105 | 100 | |
| Housing | 178 | 175 | 100 | |
| Transportation | 131 | 107 | 100 | |
| Utilities | 97 | 102 | 100 | |
Inwood, NY Housing Cost Breakdown
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 Inwood is $456,800.
The Median Rent in Inwood is $1,652.
The Median Income in Inwood is $65,298.
The Home Value To Income in Inwood is 7.0x.
The Rent To Monthly Income in Inwood is 0.3x.
| Statistic | Inwood | New York | United States |
|---|---|---|---|
| Median Home Value | $456,800 | $340,600 | $244,900 |
| Median Rent | $1,652 | $1,390 | $1,163 |
| Median Income | $65,298 | $75,157 | $69,021 |
| Home Value To Income | 7.0x | 4.5x | 3.5x |
| Rent To Monthly Income | 0.3x | 0.22x | 0.2x |
Median Home Value
Median Rent
Median Income
Inwood, NY Costs By Category
Detailed Inwood Services Costs Vs. New York
Detailed Inwood Groceries Costs Vs. New York
Detailed Inwood Health Costs Vs. New York
Detailed Inwood Transportation Costs Vs. New York
Detailed Inwood Utilities Costs Vs. New York
Inwood SnackAbility
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Cost Of Living In Cities Around Inwood
The cost of living varies in the cities and towns around Inwood. 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, 1.0x Inwood.
Plainview, NY has a cost of living index of 155, 1.1x Inwood.
Massapequa, NY has a cost of living index of 163, 1.1x Inwood.
| City | Population | Cost Of Living | Vs. Inwood |
|---|---|---|---|
| Levittown, NY | 52,540 | 140 | 1.0x |
| Plainview, NY | 26,665 | 155 | 1.1x |
| Massapequa, NY | 22,249 | 163 | 1.1x |
| Merrick, NY | 20,990 | 172 | 1.2x |
| Syosset, NY | 19,347 | 177 | 1.2x |
| Woodmere, NY | 17,267 | 176 | 1.2x |
| Massapequa Park, NY | 17,149 | 157 | 1.1x |
| North New Hyde Park, NY | 15,125 | 170 | 1.2x |
| Malverne, NY | 8,583 | 149 | 1.0x |
| Cedarhurst, NY | 7,290 | 165 | 1.2x |
