What is the cost of living in Inwood, NY?
According to the most recent data on the cost of living, Inwood has an overall cost of living index of 147, which is 1.5x higher than the national index of 100.
Compared to New York, Inwood has a cost of living index that's 1.2x higher than New York's index of 121.
The standard of living in Inwood ranks as #217 most affordable out of the 336 places we measured in New York. By definition, that implies Inwood ranks as the #119 most expensive place in the Empire State.
For more reading on life in Inwood, check out:
Inwood Cost Of Living Vs. New York
Six factors go into calculating the cost of living index in Inwood. Here is how it fares on each of the criteria:
The Services index in Inwood is 104.
The Groceries index in Inwood is 106.
The Health index in Inwood is 228.
The Housing index in Inwood is 114.
The Transportation index in Inwood is 111.
The Utilities index in Inwood is 110.
| Living Expense | Inwood | New York | National Average |
|---|---|---|---|
| Overall | 147 | 121 | 100 |
| Services | 104 | 105 | 100 |
| Groceries | 106 | 108 | 100 |
| Health | 228 | 143 | 100 |
| Housing | 114 | 112 | 100 |
| Transportation | 111 | 114 | 100 |
| Utilities | 110 | 111 | 100 |
Inwood Cost Of Living Compared To New York Averages
Index where 100 = national average. Source: cost-of-living index 2026.
For more reading on cost of living around New York, check out:
Protect your home budget Compare home warranties in Inwood Get matched →Source: Cost-of-living index 2026, normalized to US average = 100
Inwood, 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 2020-2024. The key points are:
The Median Home Value in Inwood is $815,664.
The Median Rent in Inwood is $1,977.
The Median Income in Inwood is $94,342.
The Home Value To Income in Inwood is 8.6x.
The Rent To Monthly Income in Inwood is 0.25x.
Inwood, NY Costs By Category
Detailed Inwood Services costs vs. New York
Detailed Inwood Groceries costs vs. New York
Detailed Inwood Health costs vs. New York
Detailed Inwood Transportation costs vs. New York
Inwood SnackAbility
Cost Of Living In Cities Around Inwood
The cost of living varies in the cities and towns around Inwood. 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, 1.0x Inwood.
Plainview, NY has a cost of living index of 166, 1.1x Inwood.
Merrick, NY has a cost of living index of 163, 1.1x Inwood.
| City | Population | Cost Of Living | Vs. Inwood |
|---|---|---|---|
| Levittown, NY | 51,904 | 142 | 1.0x |
| Plainview, NY | 25,982 | 166 | 1.1x |
| Merrick, NY | 21,744 | 163 | 1.1x |
| Massapequa, NY | 21,389 | 165 | 1.1x |
| Syosset, NY | 18,433 | 180 | 1.2x |
| Woodmere, NY | 18,061 | 186 | 1.3x |
| Massapequa Park, NY | 16,963 | 158 | 1.1x |
| North New Hyde Park, NY | 14,159 | 169 | 1.1x |
| Malverne, NY | 8,477 | 151 | 1.0x |
| Hewlett, NY | 7,570 | 160 | 1.1x |
