Cost of living in Rye 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 Rye 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 Rye is 229, with 100 being the average.
The cost of living index in Rye is 2.3x higher than the national average.
Rye ranks as the #338 cheapest in New York out of 340.
Rye ranks as the #6,364 cheapest out of 6,412 in the US.
The median home value in Rye is $1,529,400.
The median income in Rye is $207,930.
According to the most recent data on the cost of living, Rye has an overall cost of living index of 229, which is 2.3x higher than the national index of 100.
Compared to New York, Rye has a cost of living index that's 1.8x higher than New York's index of 126.
The standard of living in Rye ranks as #338 most affordable out of the 340 places we measured in New York. By definition, that implies Rye ranks as the #2 most expensive place in the Empire State.
For more reading on life in Rye, check out:
Six factors go into calculating the cost of living index in Rye. Here is how it fairs on each of the criteria:
The Services index in Rye is 123.
The Groceries index in Rye is 107.
The Health index in Rye is 116.
The Housing index in Rye is 483.
The Transportation index in Rye is 114.
The Utilities index in Rye is 129.
Living Expense | Rye | New York | National Average | |
---|---|---|---|---|
Overall | 229 | 126 | 100 | |
Services | 123 | 110 | 100 | |
Groceries | 107 | 104 | 100 | |
Health | 116 | 105 | 100 | |
Housing | 483 | 175 | 100 | |
Transportation | 114 | 107 | 100 | |
Utilities | 129 | 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 Rye is $1,529,400.
The Median Rent in Rye is $2,619.
The Median Income in Rye is $207,930.
The Home Value To Income in Rye is 7.4x.
The Rent To Monthly Income in Rye is 0.15x.
Statistic | Rye | New York | United States |
---|---|---|---|
Median Home Value | $1,529,400 | $340,600 | $244,900 |
Median Rent | $2,619 | $1,390 | $1,163 |
Median Income | $207,930 | $75,157 | $69,021 |
Home Value To Income | 7.4x | 4.5x | 3.5x |
Rent To Monthly Income | 0.15x | 0.22x | 0.2x |
The cost of living varies in the cities and towns around Rye. Here's a quick look at the cost of living in the most populous nearby places:
New Rochelle, NY has a cost of living index of 160, 0.7x Rye.
Levittown, NY has a cost of living index of 140, 0.6x Rye.
Port Chester, NY has a cost of living index of 148, 0.6x Rye.
City | Population | Cost Of Living | Vs. Rye |
---|---|---|---|
New Rochelle, NY | 80,685 | 160 | 0.7x |
Levittown, NY | 52,540 | 140 | 0.6x |
Port Chester, NY | 31,317 | 148 | 0.6x |
Glen Cove, NY | 28,187 | 152 | 0.7x |
Plainview, NY | 26,665 | 155 | 0.7x |
North Bellmore, NY | 21,535 | 154 | 0.7x |
Mamaroneck, NY | 19,989 | 165 | 0.7x |
Syosset, NY | 19,347 | 177 | 0.8x |
Scarsdale, NY | 18,063 | 265 | 1.2x |
North New Hyde Park, NY | 15,125 | 170 | 0.7x |