Southold, NY Cost Of Living
Cost Of Living In Southold, NY Summary
Cost of living in Southold 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 Southold 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 Southold is 157, with 100 being the average.
The cost of living index in Southold is 1.6x higher than the national average.
Southold ranks as the #271 cheapest in New York out of 340.
Southold ranks as the #5,961 cheapest out of 6,412 in the US.
The median home value in Southold is $629,300.
The median income in Southold is $96,792.
Table Of Contents
Southold's Overall Cost Of Living
Higher Than The National Average
What is the cost of living in Southold, NY?
According to the most recent data on the cost of living, Southold has an overall cost of living index of 157, which is 1.6x higher than the national index of 100.
Compared to New York, Southold has a cost of living index that's 1.2x higher than New York's index of 126.
The standard of living in Southold ranks as #271 most affordable out of the 340 places we measured in New York. By definition, that implies Southold ranks as the #69 most expensive place in the Empire State.
For more reading on life in Southold, check out:
- Living In Southold
- Southold Crime Report
- Search Homes For Sale In Southold, NY
In New York
In America
Southold Cost Of Living Vs. New York
Six factors go into calculating the cost of living index in Southold. Here is how it fairs on each of the criteria:
The Services index in Southold is 119.
The Groceries index in Southold is 108.
The Health index in Southold is 110.
The Housing index in Southold is 244.
The Transportation index in Southold is 109.
The Utilities index in Southold is 145.
| Living Expense | Southold | New York | National Average | |
|---|---|---|---|---|
| Overall | 157 | 126 | 100 | |
| Services | 119 | 110 | 100 | |
| Groceries | 108 | 104 | 100 | |
| Health | 110 | 105 | 100 | |
| Housing | 244 | 175 | 100 | |
| Transportation | 109 | 107 | 100 | |
| Utilities | 145 | 102 | 100 | |
Southold, 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 Southold is $629,300.
The Median Rent in Southold is $1,819.
The Median Income in Southold is $96,792.
The Home Value To Income in Southold is 6.5x.
The Rent To Monthly Income in Southold is 0.23x.
| Statistic | Southold | New York | United States |
|---|---|---|---|
| Median Home Value | $629,300 | $340,600 | $244,900 |
| Median Rent | $1,819 | $1,390 | $1,163 |
| Median Income | $96,792 | $75,157 | $69,021 |
| Home Value To Income | 6.5x | 4.5x | 3.5x |
| Rent To Monthly Income | 0.23x | 0.22x | 0.2x |
Median Home Value
Median Rent
Median Income
Southold, NY Costs By Category
Detailed Southold Services Costs Vs. New York
Detailed Southold Groceries Costs Vs. New York
Detailed Southold Health Costs Vs. New York
Detailed Southold Transportation Costs Vs. New York
Detailed Southold Utilities Costs Vs. New York
Southold SnackAbility
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Cost Of Living In Cities Around Southold
The cost of living varies in the cities and towns around Southold. 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, 0.9x Southold.
Riverhead, NY has a cost of living index of 129, 0.8x Southold.
Springs, NY has a cost of living index of 175, 1.1x Southold.
| City | Population | Cost Of Living | Vs. Southold |
|---|---|---|---|
| Hampton Bays, NY | 16,546 | 147 | 0.9x |
| Riverhead, NY | 14,315 | 129 | 0.8x |
| Springs, NY | 9,301 | 175 | 1.1x |
