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Elwood, NY Cost Of Living

The latest cost of living statistics for Elwood. Includes statistics on rent, mortgages, healthcare, and other costs for Elwood compared to the state and national averages.

Chris Kolmar
Written by
HomeSnacks
Last updated
2026-06-20

Cost of living in Elwood, New York

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:

160 Cost of living index 1.6x higher vs US
#270 Cheapest in New York (of 336)
#5,894 Cheapest in the U.S. (of 6,489)
$826,154 Median home value
$2,064 Median rent
$177,003 Median income
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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 121.

The standard of living in Elwood ranks as #270 most affordable out of the 336 places we measured in New York. By definition, that implies Elwood ranks as the #66 most expensive place in the Empire State.

For more reading on life in Elwood, check out:

Elwood Cost Of Living Vs. New York

Six factors go into calculating the cost of living index in Elwood. Here is how it fares on each of the criteria:

  • The Services index in Elwood is 107.

  • The Groceries index in Elwood is 107.

  • The Health index in Elwood is 279.

  • The Housing index in Elwood is 111.

  • The Transportation index in Elwood is 109.

  • The Utilities index in Elwood is 110.

Living Expense Elwood New York National Average
Overall 160 121 100
Services 107 105 100
Groceries 107 108 100
Health 279 143 100
Housing 111 112 100
Transportation 109 114 100
Utilities 110 111 100

Elwood Cost Of Living Compared To New York Averages

Services
Elwood 107
New York avg 105
Groceries
Elwood 107
New York avg 108
Health
Elwood 279
New York avg 143
Housing
Elwood 111
New York avg 112
Transportation
Elwood 109
New York avg 114
Utilities
Elwood 110
New York avg 111

Index where 100 = national average. Source: cost-of-living index 2026.

For more reading on cost of living around New York, check out:

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Source: Cost-of-living index 2026, normalized to US average = 100

Elwood, NY Housing Cost Breakdown

$826,154Median Home Value
$2,064Median Rent
$177,003Median Income

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 2020-2024. The key points are:

  • The Median Home Value in Elwood is $826,154.

  • The Median Rent in Elwood is $2,064.

  • The Median Income in Elwood is $177,003.

  • The Home Value To Income in Elwood is 4.7x.

  • The Rent To Monthly Income in Elwood is 0.14x.

Statistic Elwood New York United States
Median Home Value $826,154 $507,794 $332,700
Median Rent $2,064 $1,621 $1,413
Median Income $177,003 $85,974 $80,734
Home Value To Income 4.7x 5.9x 4.1x
Rent To Monthly Income 0.14x 0.23x 0.21x

Elwood, NY Costs By Category

Detailed Elwood Services costs vs. New York
Item Elwood New York
Shampoo $1.5 $1.28
Movie $13.76 $12.13
Bowling $19.63 $18
Haircut $32.33 $24.26
Beauty Salon $48.56 $45.56
Detailed Elwood Groceries costs vs. New York
Item Elwood New York
Ground Beef $6.34 $5.84
Fried Chicken $1.61 $1.57
Milk $4.73 $4.67
Potatoes $5.03 $4.93
Pizza $10.07 $12.09
Beer $10.62 $10.41
Toothpaste $3.66 $3.7
Detailed Elwood Health costs vs. New York
Item Elwood New York
Optometrist $140.1 $125.68
Doctor $143.23 $135.78
Dentist $123.0 $113.29
Detailed Elwood Transportation costs vs. New York
Item Elwood New York
Gasoline $3.33 $3.46
Tire Balancing $57.68 $59.92
Detailed Elwood Utilities costs vs. New York
Item Elwood New York
All Electricity $281.67 $193.99
Phone $185.16 $192.25

Elwood SnackAbility

7Overall SnackAbility
Jobs 9.5/10
Housing 9.5/10
Affordability 7/10
Diversity 8.5/10
SafetyN/A
Amenities 8.5/10
Education 9/10
Commute 3/10

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 142, 0.9x Elwood.

  • Commack, NY has a cost of living index of 154, 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 51,904 142 0.9x
Commack, NY 36,558 154 1.0x
Huntington Station, NY 32,601 140 0.9x
Plainview, NY 25,982 166 1.0x
Dix Hills, NY 24,773 186 1.2x
Merrick, NY 21,744 163 1.0x
Massapequa, NY 21,389 165 1.0x
Huntington, NY 19,948 168 1.1x
East Northport, NY 19,700 149 0.9x
Syosset, NY 18,433 180 1.1x
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