Cost of living in North Sea 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 North Sea 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 North Sea is 190, with 100 being the average.
The cost of living index in North Sea is 1.9x higher than the national average.
North Sea ranks as the #327 cheapest in New York out of 340.
North Sea ranks as the #6,269 cheapest out of 6,412 in the US.
The median home value in North Sea is $932,000.
The median income in North Sea is $141,466.
According to the most recent data on the cost of living, North Sea has an overall cost of living index of 190, which is 1.9x higher than the national index of 100.
Compared to New York, North Sea has a cost of living index that's 1.5x higher than New York's index of 126.
The standard of living in North Sea ranks as #327 most affordable out of the 340 places we measured in New York. By definition, that implies North Sea ranks as the #13 most expensive place in the Empire State.
For more reading on life in North Sea, check out:
Six factors go into calculating the cost of living index in North Sea. Here is how it fairs on each of the criteria:
The Services index in North Sea is 118.
The Groceries index in North Sea is 105.
The Health index in North Sea is 110.
The Housing index in North Sea is 356.
The Transportation index in North Sea is 108.
The Utilities index in North Sea is 144.
Living Expense | North Sea | New York | National Average | |
---|---|---|---|---|
Overall | 190 | 126 | 100 | |
Services | 118 | 110 | 100 | |
Groceries | 105 | 104 | 100 | |
Health | 110 | 105 | 100 | |
Housing | 356 | 175 | 100 | |
Transportation | 108 | 107 | 100 | |
Utilities | 144 | 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 North Sea is $932,000.
The Median Rent in North Sea is $2,049.
The Median Income in North Sea is $141,466.
The Home Value To Income in North Sea is 6.6x.
The Rent To Monthly Income in North Sea is 0.17x.
Statistic | North Sea | New York | United States |
---|---|---|---|
Median Home Value | $932,000 | $340,600 | $244,900 |
Median Rent | $2,049 | $1,390 | $1,163 |
Median Income | $141,466 | $75,157 | $69,021 |
Home Value To Income | 6.6x | 4.5x | 3.5x |
Rent To Monthly Income | 0.17x | 0.22x | 0.2x |
The cost of living varies in the cities and towns around North Sea. Here's a quick look at the cost of living in the most populous nearby places:
Hampton Bays, NY has a cost of living index of 147, 0.8x North Sea.
Riverhead, NY has a cost of living index of 129, 0.7x North Sea.
Springs, NY has a cost of living index of 175, 0.9x North Sea.
City | Population | Cost Of Living | Vs. North Sea |
---|---|---|---|
Hampton Bays, NY | 16,546 | 147 | 0.8x |
Riverhead, NY | 14,315 | 129 | 0.7x |
Springs, NY | 9,301 | 175 | 0.9x |
Southold, NY | 6,700 | 157 | 0.8x |
Calverton, NY | 6,040 | 124 | 0.7x |