Islip Terrace, NY Cost Of Living
Cost Of Living In Islip Terrace, NY Summary
Cost of living in Islip Terrace 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 Islip Terrace 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 Islip Terrace is 139, with 100 being the average.
The cost of living index in Islip Terrace is 1.4x higher than the national average.
Islip Terrace ranks as the #180 cheapest in New York out of 340.
Islip Terrace ranks as the #5,546 cheapest out of 6,412 in the US.
The median home value in Islip Terrace is $373,800.
The median income in Islip Terrace is $140,714.
Table Of Contents
Islip Terrace's Overall Cost Of Living
Higher Than The National Average
What is the cost of living in Islip Terrace, NY?
According to the most recent data on the cost of living, Islip Terrace has an overall cost of living index of 139, which is 1.4x higher than the national index of 100.
Compared to New York, Islip Terrace has a cost of living index that's 1.1x higher than New York's index of 126.
The standard of living in Islip Terrace ranks as #180 most affordable out of the 340 places we measured in New York. By definition, that implies Islip Terrace ranks as the #160 most expensive place in the Empire State.
For more reading on life in Islip Terrace, check out:
- Living In Islip Terrace
- Search Homes For Sale In Islip Terrace, NY
In New York
In America
Islip Terrace Cost Of Living Vs. New York
Six factors go into calculating the cost of living index in Islip Terrace. Here is how it fairs on each of the criteria:
The Services index in Islip Terrace is 123.
The Groceries index in Islip Terrace is 104.
The Health index in Islip Terrace is 116.
The Housing index in Islip Terrace is 187.
The Transportation index in Islip Terrace is 118.
The Utilities index in Islip Terrace is 131.
| Living Expense | Islip Terrace | New York | National Average | |
|---|---|---|---|---|
| Overall | 139 | 126 | 100 | |
| Services | 123 | 110 | 100 | |
| Groceries | 104 | 104 | 100 | |
| Health | 116 | 105 | 100 | |
| Housing | 187 | 175 | 100 | |
| Transportation | 118 | 107 | 100 | |
| Utilities | 131 | 102 | 100 | |
Islip Terrace, 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 Islip Terrace is $373,800.
The Median Rent in Islip Terrace is $2,649.
The Median Income in Islip Terrace is $140,714.
The Home Value To Income in Islip Terrace is 2.7x.
The Rent To Monthly Income in Islip Terrace is 0.23x.
| Statistic | Islip Terrace | New York | United States |
|---|---|---|---|
| Median Home Value | $373,800 | $340,600 | $244,900 |
| Median Rent | $2,649 | $1,390 | $1,163 |
| Median Income | $140,714 | $75,157 | $69,021 |
| Home Value To Income | 2.7x | 4.5x | 3.5x |
| Rent To Monthly Income | 0.23x | 0.22x | 0.2x |
Median Home Value
Median Rent
Median Income
Islip Terrace, NY Costs By Category
Detailed Islip Terrace Services Costs Vs. New York
| Item | Islip Terrace | New York |
|---|---|---|
| Shampoo | $0.96 | $1.06 |
| Movie | $13.09 | $10.68 |
| Bowling | $18.83 | $14.67 |
| Haircut | $32.76 | $18.62 |
| Beauty Salon | $65.09 | $39.05 |
Detailed Islip Terrace Groceries Costs Vs. New York
| Item | Islip Terrace | New York |
|---|---|---|
| Ground Beef | $4.44 | $4.22 |
| Fried Chicken | $1.42 | $1.39 |
| Milk | $2.65 | $2.05 |
| Potatoes | $3.98 | $3.29 |
| Pizza | $9.41 | $10.62 |
| Beer | $10.04 | $9.38 |
| Toothpaste | $2.13 | $2.34 |
Detailed Islip Terrace Health Costs Vs. New York
| Item | Islip Terrace | New York |
|---|---|---|
| Optometrist | $127.5 | $108.57 |
| Doctor | $118.17 | $116.17 |
| Dentist | $132.27 | $99.13 |
Detailed Islip Terrace Transportation Costs Vs. New York
| Item | Islip Terrace | New York |
|---|---|---|
| Gasoline | $2.33 | $2.22 |
| Tire Balancing | $69.75 | $50.07 |
Detailed Islip Terrace Utilities Costs Vs. New York
| Item | Islip Terrace | New York |
|---|---|---|
| All Electricity | $261.22 | $167.67 |
| Phone | $178.6 | $175.64 |
Islip Terrace SnackAbility
/10
Cost Of Living In Cities Around Islip Terrace
The cost of living varies in the cities and towns around Islip Terrace. 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 Islip Terrace.
Central Islip, NY has a cost of living index of 127, 0.9x Islip Terrace.
Bay Shore, NY has a cost of living index of 130, 0.9x Islip Terrace.
| City | Population | Cost Of Living | Vs. Islip Terrace |
|---|---|---|---|
| Levittown, NY | 52,540 | 140 | 1.0x |
| Central Islip, NY | 36,292 | 127 | 0.9x |
| Bay Shore, NY | 31,488 | 130 | 0.9x |
| Plainview, NY | 26,665 | 155 | 1.1x |
| Massapequa, NY | 22,249 | 163 | 1.2x |
| North Bellmore, NY | 21,535 | 154 | 1.1x |
| Syosset, NY | 19,347 | 177 | 1.3x |
| North Bay Shore, NY | 18,524 | 131 | 0.9x |
| Islip, NY | 17,441 | 137 | 1.0x |
| Massapequa Park, NY | 17,149 | 157 | 1.1x |
