Cost of living in Woodbury 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 Woodbury 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 Woodbury is 134, with 100 being the average.
The cost of living index in Woodbury is 1.3x higher than the national average.
Woodbury ranks as the #161 cheapest in New York out of 340.
Woodbury ranks as the #5,400 cheapest out of 6,412 in the US.
The median home value in Woodbury is $355,900.
The median income in Woodbury is $130,795.
According to the most recent data on the cost of living, Woodbury has an overall cost of living index of 134, which is 1.3x higher than the national index of 100.
Compared to New York, Woodbury has a cost of living index that's 1.1x higher than New York's index of 126.
The standard of living in Woodbury ranks as #161 most affordable out of the 340 places we measured in New York. By definition, that implies Woodbury ranks as the #179 most expensive place in the Empire State.
For more reading on life in Woodbury, check out:
Six factors go into calculating the cost of living index in Woodbury. Here is how it fairs on each of the criteria:
The Services index in Woodbury is 121.
The Groceries index in Woodbury is 106.
The Health index in Woodbury is 119.
The Housing index in Woodbury is 169.
The Transportation index in Woodbury is 118.
The Utilities index in Woodbury is 131.
Living Expense | Woodbury | New York | National Average | |
---|---|---|---|---|
Overall | 134 | 126 | 100 | |
Services | 121 | 110 | 100 | |
Groceries | 106 | 104 | 100 | |
Health | 119 | 105 | 100 | |
Housing | 169 | 175 | 100 | |
Transportation | 118 | 107 | 100 | |
Utilities | 131 | 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 Woodbury is $355,900.
The Median Rent in Woodbury is $1,745.
The Median Income in Woodbury is $130,795.
The Home Value To Income in Woodbury is 2.7x.
The Rent To Monthly Income in Woodbury is 0.16x.
Statistic | Woodbury | New York | United States |
---|---|---|---|
Median Home Value | $355,900 | $340,600 | $244,900 |
Median Rent | $1,745 | $1,390 | $1,163 |
Median Income | $130,795 | $75,157 | $69,021 |
Home Value To Income | 2.7x | 4.5x | 3.5x |
Rent To Monthly Income | 0.16x | 0.22x | 0.2x |