Comparison Highlights
| Cost of Living Indexes | New York, NY | Long Island, ME |
|---|---|---|
| Overall Index: Homeowner, No Child care, Taxes Not Considered | 168.6 | 126.8 |
| Food & Groceries | 116.6 | 114.9 |
| Housing (Homeowner) | 294.3 | 191.2 |
| Median Home Cost | $654,300 | $560,300 |
Contents
Is it expensive to live on Long Island?
Cost of Living
In fact, Long Island is one of the most expensive places to live in the United States beating out New York City. It costs a family of four around $140,000 just to get by comfortably. Taxes, of course, are what make the bulk of expenses, followed by housing, transportation, and health care.
How much money do you need to live comfortably on Long Island?
The group estimates a family of two adults and two children in the Nassau/Suffolk metro area would need to earn a combined $139,545 per year — or $11,629 a month — to live comfortably.
How much does it cost to live in an apartment in Long Island?
Rent Trends
As of December 2021, the average apartment rent in Long Island City, NY is $2,082 for a studio, $2,420 for one bedroom, $3,057 for two bedrooms, and $4,565 for three bedrooms. Apartment rent in Long Island City has increased by 9.2% in the past year.
How much does the average person on Long Island make?
The average pay on Long Island in 2017 is $57,650, according to a survey conducted by the state’s Department of Labor.
What is the best town to live in on Long Island?
It comes as no surprise that many think of Greenport as the best place to live in Long Island. This village in Suffolk County makes it to several lists of best neighborhoods in Long Island, and not without reason. It is consistently ranked as the safest region on the island.
Is Long Island a good place to retire?
Whether it’s due to quick access to NYC or the diverse economic opportunities, Long Island is definitely a desirable retirement location.In fact, according to popular studies, the taxes and cost of living in total ranks Long Island among the highest in the nation.
What is middle class income on Long Island?
In New York state, a two-person family would be considered middle class if the household’s income range is between $46,597 and $139,098. A three-person middle-class family’s income would range from $55,155 to $164,644, and a four-person family in the middle tier would have income between $67,252.59 to $200,754.
What towns in Long Island have the lowest property taxes?
Long Island Towns With Low Property Taxes—What Counties Have the Best Offers?
| Long Island County | Tax Rate | Median Home Value |
|---|---|---|
| Suffolk County | 2.37% | $386,800 |
| Nassau County | 2.11% | $460,700 |
| Queens County (Queens) | 0.88% | $504,900 |
| Kings County (Brooklyn) | 0.66% | $562,400 |
What is the wealthiest town on Long Island?
Muttontown was ranked one of the wealthiest towns in America by BusinessWeek. The village and its surrounding areas make up the “Gold Coast” of Long Island. Historically, The Gold Coast has been home to some of the most affluent families in New York.
What is the average monthly electric bill on Long Island?
Average Electric Bill on Long Island
What is the average electricity bill on Long Island? According to PSEG Long Island, the average customer uses 755 kilowatt-hours per month with an average cost of $162 per month.
How much are utilities for an apartment per month on Long Island New York?
Summary about cost of living in Long Island, NY, United States: Rent in Long Island is, on average, 36.86% lower than in New York.
Cost of Living in Long Island.
| Restaurants | Edit |
|---|---|
| Utilities (Monthly) | Edit |
| Basic (Electricity, Heating, Cooling, Water, Garbage) for 915 sq ft Apartment | 209.02$ |
What is the cost of living in Suffolk County NY?
Suffolk County cost of living is 132.0
| COST OF LIVING | Suffolk | New York |
|---|---|---|
| Health | 110.9 | 105.8 |
| Housing | 178.2 | 132.1 |
| Median Home Cost | $645,800 | $373,000 |
| Utilities | 125.4 | 115.9 |
How much does a RN make on Long Island?
RN Salary in Long Island, NY
| Annual Salary | Hourly Wage | |
|---|---|---|
| Top Earners | $99,357 | $48 |
| 75th Percentile | $83,417 | $40 |
| Average | $70,768 | $34 |
| 25th Percentile | $60,039 | $29 |
Is Long Island New York wealthy?
Long Island is known for its affluence and high quality of life. According to Forbes Magazine, Nassau and Suffolk Counties are among the top 25 richest counties in America. Additionally, Nassau County is the third richest county per capita in New York State, and the 30th richest in the nation.
What is the poverty line on Long Island?
The federal poverty rate of $24,600 for a family of four is what defines the 6.6% on Long Island. That shouldn’t come as a surprise to anyone when an individual earning $24,600 can’t afford to live in Nassau or Suffolk.
Where is the most affordable place to live on Long Island?
Cheapest Places to Live on Long Island
Roosevelt is one of the more affordable places to live on Long Island. This community ranks above the national average in health care and grocery costs. The housing prices here are slightly more affordable than in other parts of the area, too.
What is the whitest town in Long Island?
| Sayville, New York | |
|---|---|
| Country | United States |
| State | New York |
| County | Suffolk |
| Area |
What is the nicest part of Long Island?
The Best Places To Live On Long Island
- Islandia.
- Smithtown.
- Valley Stream.
- Merrick.
- Stony Brook.
- Roslyn.
- Bellmore.
- Ronkonkoma. Modest and yet remarkably charming in its own way, Ronkonkoma is known for having close access to public transit and being home to the Long Island MacArthur Airport.
How many millionaires are there in Long Island?
Another 6,644 live on Long Island and 6,679 live in Westchester or Putnam Counties. In total, 83% of all million-a-year tax filers in the state live in one of these three regions.
Where Millionaires Live — And Where They Don’t.
| Attachment | Size |
|---|---|
| MillionairesMap2b.jpg | 1.08 MB |
Who lives on Long Island NY?
American Indian: 0.6% Suffolk, 0.5% Nassau (New York: 1%) Pacific Islander: 0.1% Suffolk, 0.1% Nassau (New York: 0.1%) Asian: 3.7% Suffolk, 8.4% Nassau (New York: 8%) Hispanic or Latino of any race: 17.3% Suffolk, 15.3% Nassau (New York: 8%)
