Riverhead, NY Cost Of Living
Cost Of Living In Riverhead, NY Summary
Cost of living in Riverhead 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 Riverhead 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 Riverhead is 129, with 100 being the average.
The cost of living index in Riverhead is 1.3x higher than the national average.
Riverhead ranks as the #145 cheapest in New York out of 340.
Riverhead ranks as the #5,222 cheapest out of 6,412 in the US.
The median home value in Riverhead is $368,400.
The median income in Riverhead is $63,977.
Table Of Contents
Riverhead's Overall Cost Of Living
Higher Than The National Average
What is the cost of living in Riverhead, NY?
According to the most recent data on the cost of living, Riverhead has an overall cost of living index of 129, which is 1.3x higher than the national index of 100.
Compared to New York, Riverhead has a cost of living index that's 1.0x higher than New York's index of 126.
The standard of living in Riverhead ranks as #145 most affordable out of the 340 places we measured in New York. By definition, that implies Riverhead ranks as the #195 most expensive place in the Empire State.
For more reading on life in Riverhead, check out:
- Living In Riverhead
- Riverhead Crime Report
- Search Homes For Sale In Riverhead, NY
In New York
In America
Riverhead Cost Of Living Vs. New York
Six factors go into calculating the cost of living index in Riverhead. Here is how it fairs on each of the criteria:
The Services index in Riverhead is 118.
The Groceries index in Riverhead is 104.
The Health index in Riverhead is 110.
The Housing index in Riverhead is 160.
The Transportation index in Riverhead is 106.
The Utilities index in Riverhead is 146.
| Living Expense | Riverhead | New York | National Average | |
|---|---|---|---|---|
| Overall | 129 | 126 | 100 | |
| Services | 118 | 110 | 100 | |
| Groceries | 104 | 104 | 100 | |
| Health | 110 | 105 | 100 | |
| Housing | 160 | 175 | 100 | |
| Transportation | 106 | 107 | 100 | |
| Utilities | 146 | 102 | 100 | |
Riverhead, 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 Riverhead is $368,400.
The Median Rent in Riverhead is $1,506.
The Median Income in Riverhead is $63,977.
The Home Value To Income in Riverhead is 5.8x.
The Rent To Monthly Income in Riverhead is 0.28x.
| Statistic | Riverhead | New York | United States |
|---|---|---|---|
| Median Home Value | $368,400 | $340,600 | $244,900 |
| Median Rent | $1,506 | $1,390 | $1,163 |
| Median Income | $63,977 | $75,157 | $69,021 |
| Home Value To Income | 5.8x | 4.5x | 3.5x |
| Rent To Monthly Income | 0.28x | 0.22x | 0.2x |
Median Home Value
Median Rent
Median Income
Riverhead, NY Costs By Category
Detailed Riverhead Services Costs Vs. New York
Detailed Riverhead Groceries Costs Vs. New York
Detailed Riverhead Health Costs Vs. New York
Detailed Riverhead Transportation Costs Vs. New York
Detailed Riverhead Utilities Costs Vs. New York
Riverhead SnackAbility
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Cost Of Living In Cities Around Riverhead
The cost of living varies in the cities and towns around Riverhead. Here's a quick look at the cost of living in the most populous nearby places:
Medford, NY has a cost of living index of 132, 1.0x Riverhead.
Miller Place, NY has a cost of living index of 143, 1.1x Riverhead.
Terryville, NY has a cost of living index of 140, 1.1x Riverhead.
| City | Population | Cost Of Living | Vs. Riverhead |
|---|---|---|---|
| Medford, NY | 24,702 | 132 | 1.0x |
| Miller Place, NY | 12,243 | 143 | 1.1x |
| Terryville, NY | 10,999 | 140 | 1.1x |
| Mount Sinai, NY | 10,904 | 151 | 1.2x |
| Wading River, NY | 8,304 | 140 | 1.1x |
| Sound Beach, NY | 7,289 | 129 | 1.0x |
| East Shoreham, NY | 7,232 | 153 | 1.2x |
| Flanders, NY | 6,380 | 135 | 1.0x |
| Calverton, NY | 6,040 | 124 | 1.0x |
| Yaphank, NY | 5,726 | 136 | 1.1x |
