Cost of living in Suffern 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 Suffern 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 Suffern is 127, with 100 being the average.
The cost of living index in Suffern is 1.3x higher than the national average.
Suffern ranks as the #137 cheapest in New York out of 340.
Suffern ranks as the #5,140 cheapest out of 6,412 in the US.
The median home value in Suffern is $309,400.
The median income in Suffern is $87,480.
According to the most recent data on the cost of living, Suffern has an overall cost of living index of 127, which is 1.3x higher than the national index of 100.
Compared to New York, Suffern has a cost of living index that's 1.0x higher than New York's index of 126.
The standard of living in Suffern ranks as #137 most affordable out of the 340 places we measured in New York. By definition, that implies Suffern ranks as the #203 most expensive place in the Empire State.
For more reading on life in Suffern, check out:
Six factors go into calculating the cost of living index in Suffern. Here is how it fairs on each of the criteria:
The Services index in Suffern is 115.
The Groceries index in Suffern is 107.
The Health index in Suffern is 95.
The Housing index in Suffern is 162.
The Transportation index in Suffern is 106.
The Utilities index in Suffern is 103.
Living Expense | Suffern | New York | National Average | |
---|---|---|---|---|
Overall | 127 | 126 | 100 | |
Services | 115 | 110 | 100 | |
Groceries | 107 | 104 | 100 | |
Health | 95 | 105 | 100 | |
Housing | 162 | 175 | 100 | |
Transportation | 106 | 107 | 100 | |
Utilities | 103 | 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 Suffern is $309,400.
The Median Rent in Suffern is $1,720.
The Median Income in Suffern is $87,480.
The Home Value To Income in Suffern is 3.5x.
The Rent To Monthly Income in Suffern is 0.24x.
Statistic | Suffern | New York | United States |
---|---|---|---|
Median Home Value | $309,400 | $340,600 | $244,900 |
Median Rent | $1,720 | $1,390 | $1,163 |
Median Income | $87,480 | $75,157 | $69,021 |
Home Value To Income | 3.5x | 4.5x | 3.5x |
Rent To Monthly Income | 0.24x | 0.22x | 0.2x |
The cost of living varies in the cities and towns around Suffern. Here's a quick look at the cost of living in the most populous nearby places:
Monsey, NY has a cost of living index of 155, 1.2x Suffern.
Ramsey, NJ has a cost of living index of 154, 1.2x Suffern.
Dobbs Ferry, NY has a cost of living index of 169, 1.3x Suffern.
City | Population | Cost Of Living | Vs. Suffern |
---|---|---|---|
Monsey, NY | 27,359 | 155 | 1.2x |
Ramsey, NJ | 14,801 | 154 | 1.2x |
Dobbs Ferry, NY | 11,511 | 169 | 1.3x |
Airmont, NY | 9,964 | 141 | 1.1x |
Hillcrest, NY | 8,667 | 143 | 1.1x |
Hastings-on-Hudson, NY | 8,505 | 172 | 1.4x |
Upper Saddle River, NJ | 8,352 | 203 | 1.6x |
Congers, NY | 7,926 | 151 | 1.2x |
Briarcliff Manor, NY | 7,587 | 175 | 1.4x |
Pleasantville, NY | 7,469 | 164 | 1.3x |