Ridge, NY Cost Of Living
Cost Of Living In Ridge, NY Summary
Cost of living in Ridge 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 Ridge 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 Ridge is 127, with 100 being the average.
The cost of living index in Ridge is 1.3x higher than the national average.
Ridge ranks as the #137 cheapest in New York out of 340.
Ridge ranks as the #5,140 cheapest out of 6,412 in the US.
The median home value in Ridge is $310,600.
The median income in Ridge is $74,120.
Table Of Contents
Ridge's Overall Cost Of Living
Higher Than The National Average
What is the cost of living in Ridge, NY?
According to the most recent data on the cost of living, Ridge has an overall cost of living index of 127, which is 1.3x higher than the national index of 100.
Compared to New York, Ridge has a cost of living index that's 1.0x higher than New York's index of 126.
The standard of living in Ridge ranks as #137 most affordable out of the 340 places we measured in New York. By definition, that implies Ridge ranks as the #203 most expensive place in the Empire State.
For more reading on life in Ridge, check out:
- Living In Ridge
- Search Homes For Sale In Ridge, NY
In New York
In America
Ridge Cost Of Living Vs. New York
Six factors go into calculating the cost of living index in Ridge. Here is how it fairs on each of the criteria:
The Services index in Ridge is 118.
The Groceries index in Ridge is 108.
The Health index in Ridge is 111.
The Housing index in Ridge is 146.
The Transportation index in Ridge is 107.
The Utilities index in Ridge is 145.
| Living Expense | Ridge | New York | National Average | |
|---|---|---|---|---|
| Overall | 127 | 126 | 100 | |
| Services | 118 | 110 | 100 | |
| Groceries | 108 | 104 | 100 | |
| Health | 111 | 105 | 100 | |
| Housing | 146 | 175 | 100 | |
| Transportation | 107 | 107 | 100 | |
| Utilities | 145 | 102 | 100 | |
Ridge, 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 Ridge is $310,600.
The Median Rent in Ridge is $1,707.
The Median Income in Ridge is $74,120.
The Home Value To Income in Ridge is 4.2x.
The Rent To Monthly Income in Ridge is 0.28x.
| Statistic | Ridge | New York | United States |
|---|---|---|---|
| Median Home Value | $310,600 | $340,600 | $244,900 |
| Median Rent | $1,707 | $1,390 | $1,163 |
| Median Income | $74,120 | $75,157 | $69,021 |
| Home Value To Income | 4.2x | 4.5x | 3.5x |
| Rent To Monthly Income | 0.28x | 0.22x | 0.2x |
Median Home Value
Median Rent
Median Income
Ridge, NY Costs By Category
Detailed Ridge Services Costs Vs. New York
Detailed Ridge Groceries Costs Vs. New York
Detailed Ridge Health Costs Vs. New York
Detailed Ridge Transportation Costs Vs. New York
Detailed Ridge Utilities Costs Vs. New York
Ridge SnackAbility
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Cost Of Living In Cities Around Ridge
The cost of living varies in the cities and towns around Ridge. Here's a quick look at the cost of living in the most populous nearby places:
Smithtown, NY has a cost of living index of 150, 1.2x Ridge.
Farmingville, NY has a cost of living index of 134, 1.1x Ridge.
St. James, NY has a cost of living index of 145, 1.1x Ridge.
| City | Population | Cost Of Living | Vs. Ridge |
|---|---|---|---|
| Smithtown, NY | 26,257 | 150 | 1.2x |
| Farmingville, NY | 16,909 | 134 | 1.1x |
| St. James, NY | 13,945 | 145 | 1.1x |
| Rocky Point, NY | 13,406 | 126 | 1.0x |
| Nesconset, NY | 13,313 | 152 | 1.2x |
| East Islip, NY | 12,596 | 145 | 1.1x |
| Miller Place, NY | 12,243 | 143 | 1.1x |
| Manorville, NY | 12,106 | 140 | 1.1x |
| Stony Brook, NY | 12,048 | 156 | 1.2x |
| Middle Island, NY | 11,129 | 129 | 1.0x |
