Cost of living in Bayville 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 Bayville 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 Bayville is 153, with 100 being the average.
The cost of living index in Bayville is 1.5x higher than the national average.
Bayville ranks as the #256 cheapest in New York out of 340.
Bayville ranks as the #5,895 cheapest out of 6,412 in the US.
The median home value in Bayville is $591,400.
The median income in Bayville is $119,760.
According to the most recent data on the cost of living, Bayville has an overall cost of living index of 153, which is 1.5x higher than the national index of 100.
Compared to New York, Bayville has a cost of living index that's 1.2x higher than New York's index of 126.
The standard of living in Bayville ranks as #256 most affordable out of the 340 places we measured in New York. By definition, that implies Bayville ranks as the #84 most expensive place in the Empire State.
For more reading on life in Bayville, check out:
Six factors go into calculating the cost of living index in Bayville. Here is how it fairs on each of the criteria:
The Services index in Bayville is 121.
The Groceries index in Bayville is 104.
The Health index in Bayville is 119.
The Housing index in Bayville is 237.
The Transportation index in Bayville is 115.
The Utilities index in Bayville is 131.
|Living Expense||Bayville||New York||National Average|
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 Bayville is $591,400.
The Median Rent in Bayville is $1,924.
The Median Income in Bayville is $119,760.
The Home Value To Income in Bayville is 4.9x.
The Rent To Monthly Income in Bayville is 0.19x.
|Statistic||Bayville||New York||United States|
|Median Home Value||$591,400||$340,600||$244,900|
|Home Value To Income||4.9x||4.5x||3.5x|
|Rent To Monthly Income||0.19x||0.22x||0.2x|
The cost of living varies in the cities and towns around Bayville. 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, 0.9x Bayville.
Plainview, NY has a cost of living index of 155, 1.0x Bayville.
Massapequa, NY has a cost of living index of 163, 1.1x Bayville.
|City||Population||Cost Of Living||Vs. Bayville|
|Massapequa Park, NY||17,149||157||1.0x|
|North New Hyde Park, NY||15,125||170||1.1x|
|Oyster Bay, NY||6,708||165||1.1x|