Elwood, NY Cost Of Living
Cost Of Living In Elwood, NY Summary
Cost of living in Elwood 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 Elwood 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 Elwood is 160, with 100 being the average.
The cost of living index in Elwood is 1.6x higher than the national average.
Elwood ranks as the #283 cheapest in New York out of 340.
Elwood ranks as the #6,005 cheapest out of 6,412 in the US.
The median home value in Elwood is $574,000.
The median income in Elwood is $150,549.
Table Of Contents
Elwood's Overall Cost Of Living
Higher Than The National Average
What is the cost of living in Elwood, NY?
According to the most recent data on the cost of living, Elwood has an overall cost of living index of 160, which is 1.6x higher than the national index of 100.
Compared to New York, Elwood has a cost of living index that's 1.3x higher than New York's index of 126.
The standard of living in Elwood ranks as #283 most affordable out of the 340 places we measured in New York. By definition, that implies Elwood ranks as the #57 most expensive place in the Empire State.
For more reading on life in Elwood, check out:
- Living In Elwood
- Search Homes For Sale In Elwood, NY
In New York
In America
Elwood Cost Of Living Vs. New York
Six factors go into calculating the cost of living index in Elwood. Here is how it fairs on each of the criteria:
The Services index in Elwood is 124.
The Groceries index in Elwood is 105.
The Health index in Elwood is 119.
The Housing index in Elwood is 257.
The Transportation index in Elwood is 115.
The Utilities index in Elwood is 131.
| Living Expense | Elwood | New York | National Average | |
|---|---|---|---|---|
| Overall | 160 | 126 | 100 | |
| Services | 124 | 110 | 100 | |
| Groceries | 105 | 104 | 100 | |
| Health | 119 | 105 | 100 | |
| Housing | 257 | 175 | 100 | |
| Transportation | 115 | 107 | 100 | |
| Utilities | 131 | 102 | 100 | |
Elwood, 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 Elwood is $574,000.
The Median Rent in Elwood is $1,417.
The Median Income in Elwood is $150,549.
The Home Value To Income in Elwood is 3.8x.
The Rent To Monthly Income in Elwood is 0.11x.
| Statistic | Elwood | New York | United States |
|---|---|---|---|
| Median Home Value | $574,000 | $340,600 | $244,900 |
| Median Rent | $1,417 | $1,390 | $1,163 |
| Median Income | $150,549 | $75,157 | $69,021 |
| Home Value To Income | 3.8x | 4.5x | 3.5x |
| Rent To Monthly Income | 0.11x | 0.22x | 0.2x |
Median Home Value
Median Rent
Median Income
Elwood, NY Costs By Category
Detailed Elwood Services Costs Vs. New York
Detailed Elwood Groceries Costs Vs. New York
Detailed Elwood Health Costs Vs. New York
Detailed Elwood Transportation Costs Vs. New York
Detailed Elwood Utilities Costs Vs. New York
Elwood SnackAbility
/10
Cost Of Living In Cities Around Elwood
The cost of living varies in the cities and towns around Elwood. 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 Elwood.
Commack, NY has a cost of living index of 153, 1.0x Elwood.
Huntington Station, NY has a cost of living index of 140, 0.9x Elwood.
| City | Population | Cost Of Living | Vs. Elwood |
|---|---|---|---|
| Levittown, NY | 52,540 | 140 | 0.9x |
| Commack, NY | 36,252 | 153 | 1.0x |
| Huntington Station, NY | 34,050 | 140 | 0.9x |
| Plainview, NY | 26,665 | 155 | 1.0x |
| Dix Hills, NY | 24,739 | 178 | 1.1x |
| Massapequa, NY | 22,249 | 163 | 1.0x |
| Merrick, NY | 20,990 | 172 | 1.1x |
| East Northport, NY | 20,281 | 149 | 0.9x |
| Huntington, NY | 19,397 | 167 | 1.0x |
| Syosset, NY | 19,347 | 177 | 1.1x |
