Woodmere, NY Cost Of Living
Cost Of Living In Woodmere, NY Summary
Cost of living in Woodmere 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 Woodmere 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 Woodmere is 176, with 100 being the average.
The cost of living index in Woodmere is 1.8x higher than the national average.
Woodmere ranks as the #315 cheapest in New York out of 340.
Woodmere ranks as the #6,186 cheapest out of 6,412 in the US.
The median home value in Woodmere is $812,800.
The median income in Woodmere is $152,700.
Table Of Contents
Woodmere's Overall Cost Of Living
Higher Than The National Average
What is the cost of living in Woodmere, NY?
According to the most recent data on the cost of living, Woodmere has an overall cost of living index of 176, which is 1.8x higher than the national index of 100.
Compared to New York, Woodmere has a cost of living index that's 1.4x higher than New York's index of 126.
The standard of living in Woodmere ranks as #315 most affordable out of the 340 places we measured in New York. By definition, that implies Woodmere ranks as the #25 most expensive place in the Empire State.
For more reading on life in Woodmere, check out:
- Living In Woodmere
- Search Homes For Sale In Woodmere, NY
In New York
In America
Woodmere Cost Of Living Vs. New York
Six factors go into calculating the cost of living index in Woodmere. Here is how it fairs on each of the criteria:
The Services index in Woodmere is 135.
The Groceries index in Woodmere is 147.
The Health index in Woodmere is 111.
The Housing index in Woodmere is 281.
The Transportation index in Woodmere is 134.
The Utilities index in Woodmere is 99.
| Living Expense | Woodmere | New York | National Average | |
|---|---|---|---|---|
| Overall | 176 | 126 | 100 | |
| Services | 135 | 110 | 100 | |
| Groceries | 147 | 104 | 100 | |
| Health | 111 | 105 | 100 | |
| Housing | 281 | 175 | 100 | |
| Transportation | 134 | 107 | 100 | |
| Utilities | 99 | 102 | 100 | |
Woodmere, 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 Woodmere is $812,800.
The Median Rent in Woodmere is $2,375.
The Median Income in Woodmere is $152,700.
The Home Value To Income in Woodmere is 5.3x.
The Rent To Monthly Income in Woodmere is 0.19x.
| Statistic | Woodmere | New York | United States |
|---|---|---|---|
| Median Home Value | $812,800 | $340,600 | $244,900 |
| Median Rent | $2,375 | $1,390 | $1,163 |
| Median Income | $152,700 | $75,157 | $69,021 |
| Home Value To Income | 5.3x | 4.5x | 3.5x |
| Rent To Monthly Income | 0.19x | 0.22x | 0.2x |
Median Home Value
Median Rent
Median Income
Woodmere, NY Costs By Category
Detailed Woodmere Services Costs Vs. New York
Detailed Woodmere Groceries Costs Vs. New York
Detailed Woodmere Health Costs Vs. New York
Detailed Woodmere Transportation Costs Vs. New York
Detailed Woodmere Utilities Costs Vs. New York
Woodmere SnackAbility
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Cost Of Living In Cities Around Woodmere
The cost of living varies in the cities and towns around Woodmere. Here's a quick look at the cost of living in the most populous nearby places:
Levittown, NY has a cost of living index of 140, 0.8x Woodmere.
Valley Stream, NY has a cost of living index of 148, 0.8x Woodmere.
Plainview, NY has a cost of living index of 155, 0.9x Woodmere.
| City | Population | Cost Of Living | Vs. Woodmere |
|---|---|---|---|
| Levittown, NY | 52,540 | 140 | 0.8x |
| Valley Stream, NY | 40,304 | 148 | 0.8x |
| Plainview, NY | 26,665 | 155 | 0.9x |
| Massapequa, NY | 22,249 | 163 | 0.9x |
| Merrick, NY | 20,990 | 172 | 1.0x |
| Syosset, NY | 19,347 | 177 | 1.0x |
| Massapequa Park, NY | 17,149 | 157 | 0.9x |
| North New Hyde Park, NY | 15,125 | 170 | 1.0x |
| Inwood, NY | 10,533 | 143 | 0.8x |
| Plainedge, NY | 9,428 | 147 | 0.8x |
