Cost of living in Selden 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 Selden 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 Selden is 134, with 100 being the average.
The cost of living index in Selden is 1.3x higher than the national average.
Selden ranks as the #161 cheapest in New York out of 340.
Selden ranks as the #5,400 cheapest out of 6,412 in the US.
The median home value in Selden is $356,400.
The median income in Selden is $99,455.
According to the most recent data on the cost of living, Selden has an overall cost of living index of 134, which is 1.3x higher than the national index of 100.
Compared to New York, Selden has a cost of living index that's 1.1x higher than New York's index of 126.
The standard of living in Selden ranks as #161 most affordable out of the 340 places we measured in New York. By definition, that implies Selden ranks as the #179 most expensive place in the Empire State.
For more reading on life in Selden, check out:
Six factors go into calculating the cost of living index in Selden. Here is how it fairs on each of the criteria:
The Services index in Selden is 121.
The Groceries index in Selden is 106.
The Health index in Selden is 118.
The Housing index in Selden is 158.
The Transportation index in Selden is 118.
The Utilities index in Selden is 133.
Living Expense | Selden | New York | National Average | |
---|---|---|---|---|
Overall | 134 | 126 | 100 | |
Services | 121 | 110 | 100 | |
Groceries | 106 | 104 | 100 | |
Health | 118 | 105 | 100 | |
Housing | 158 | 175 | 100 | |
Transportation | 118 | 107 | 100 | |
Utilities | 133 | 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 Selden is $356,400.
The Median Rent in Selden is $1,945.
The Median Income in Selden is $99,455.
The Home Value To Income in Selden is 3.6x.
The Rent To Monthly Income in Selden is 0.23x.
Statistic | Selden | New York | United States |
---|---|---|---|
Median Home Value | $356,400 | $340,600 | $244,900 |
Median Rent | $1,945 | $1,390 | $1,163 |
Median Income | $99,455 | $75,157 | $69,021 |
Home Value To Income | 3.6x | 4.5x | 3.5x |
Rent To Monthly Income | 0.23x | 0.22x | 0.2x |
The cost of living varies in the cities and towns around Selden. Here's a quick look at the cost of living in the most populous nearby places:
Coram, NY has a cost of living index of 134, 1.0x Selden.
Commack, NY has a cost of living index of 153, 1.1x Selden.
Centereach, NY has a cost of living index of 142, 1.1x Selden.
City | Population | Cost Of Living | Vs. Selden |
---|---|---|---|
Coram, NY | 41,431 | 134 | 1.0x |
Commack, NY | 36,252 | 153 | 1.1x |
Centereach, NY | 31,979 | 142 | 1.1x |
West Islip, NY | 27,557 | 146 | 1.1x |
Smithtown, NY | 26,257 | 150 | 1.1x |
Medford, NY | 24,702 | 132 | 1.0x |
Holtsville, NY | 19,497 | 138 | 1.0x |
Huntington, NY | 19,397 | 167 | 1.2x |
Lake Ronkonkoma, NY | 18,214 | 137 | 1.0x |
Farmingville, NY | 16,909 | 134 | 1.0x |