Cost of living in Southport 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 Southport 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 Southport is 89, with 100 being the average.
The cost of living index in Southport is 0.9x lower than the national average.
Southport ranks as the #29 cheapest in New York out of 340.
Southport ranks as the #1,460 cheapest out of 6,412 in the US.
The median home value in Southport is $77,500.
The median income in Southport is $52,896.
According to the most recent data on the cost of living, Southport has an overall cost of living index of 89, which is 0.9x lower than the national index of 100.
Compared to New York, Southport has a cost of living index that's 0.7x lower than New York's index of 126.
The standard of living in Southport ranks as #29 most affordable out of the 340 places we measured in New York. By definition, that implies Southport ranks as the #311 most expensive place in the Empire State.
For more reading on life in Southport, check out:
Six factors go into calculating the cost of living index in Southport. Here is how it fairs on each of the criteria:
The Services index in Southport is 100.
The Groceries index in Southport is 108.
The Health index in Southport is 97.
The Housing index in Southport is 55.
The Transportation index in Southport is 109.
The Utilities index in Southport is 107.
Living Expense | Southport | New York | National Average | |
---|---|---|---|---|
Overall | 89 | 126 | 100 | |
Services | 100 | 110 | 100 | |
Groceries | 108 | 104 | 100 | |
Health | 97 | 105 | 100 | |
Housing | 55 | 175 | 100 | |
Transportation | 109 | 107 | 100 | |
Utilities | 107 | 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 Southport is $77,500.
The Median Rent in Southport is $983.
The Median Income in Southport is $52,896.
The Home Value To Income in Southport is 1.5x.
The Rent To Monthly Income in Southport is 0.22x.
Statistic | Southport | New York | United States |
---|---|---|---|
Median Home Value | $77,500 | $340,600 | $244,900 |
Median Rent | $983 | $1,390 | $1,163 |
Median Income | $52,896 | $75,157 | $69,021 |
Home Value To Income | 1.5x | 4.5x | 3.5x |
Rent To Monthly Income | 0.22x | 0.22x | 0.2x |
The cost of living varies in the cities and towns around Southport. Here's a quick look at the cost of living in the most populous nearby places:
Elmira, NY has a cost of living index of 85, 1.0x Southport.
Corning, NY has a cost of living index of 91, 1.0x Southport.
Horseheads, NY has a cost of living index of 93, 1.0x Southport.
City | Population | Cost Of Living | Vs. Southport |
---|---|---|---|
Elmira, NY | 26,737 | 85 | 1.0x |
Corning, NY | 10,708 | 91 | 1.0x |
Horseheads, NY | 6,564 | 93 | 1.0x |
Big Flats, NY | 5,929 | 95 | 1.1x |
Sayre, PA | 5,484 | 94 | 1.1x |