Cost of living in Elmont 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 Elmont 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 Elmont is 146, with 100 being the average.
The cost of living index in Elmont is 1.5x higher than the national average.
Elmont ranks as the #222 cheapest in New York out of 340.
Elmont ranks as the #5,742 cheapest out of 6,412 in the US.
The median home value in Elmont is $451,200.
The median income in Elmont is $104,539.
According to the most recent data on the cost of living, Elmont has an overall cost of living index of 146, which is 1.5x higher than the national index of 100.
Compared to New York, Elmont has a cost of living index that's 1.2x higher than New York's index of 126.
The standard of living in Elmont ranks as #222 most affordable out of the 340 places we measured in New York. By definition, that implies Elmont ranks as the #118 most expensive place in the Empire State.
For more reading on life in Elmont, check out:
Six factors go into calculating the cost of living index in Elmont. Here is how it fairs on each of the criteria:
The Services index in Elmont is 135.
The Groceries index in Elmont is 148.
The Health index in Elmont is 111.
The Housing index in Elmont is 191.
The Transportation index in Elmont is 130.
The Utilities index in Elmont is 97.
|Living Expense||Elmont||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 Elmont is $451,200.
The Median Rent in Elmont is $2,046.
The Median Income in Elmont is $104,539.
The Home Value To Income in Elmont is 4.3x.
The Rent To Monthly Income in Elmont is 0.23x.
|Statistic||Elmont||New York||United States|
|Median Home Value||$451,200||$340,600||$244,900|
|Home Value To Income||4.3x||4.5x||3.5x|
|Rent To Monthly Income||0.23x||0.22x||0.2x|
The cost of living varies in the cities and towns around Elmont. 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, 1.0x Elmont.
Valley Stream, NY has a cost of living index of 148, 1.0x Elmont.
Franklin Square, NY has a cost of living index of 153, 1.0x Elmont.
|City||Population||Cost Of Living||Vs. Elmont|
|Valley Stream, NY||40,304||148||1.0x|
|Franklin Square, NY||32,381||153||1.0x|
|North Valley Stream, NY||18,345||148||1.0x|
|Massapequa Park, NY||17,149||157||1.1x|