What is the cost of living in Islip Terrace, NY?
According to the most recent data on the cost of living, Islip Terrace has an overall cost of living index of 141, which is 1.4x higher than the national index of 100.
Compared to New York, Islip Terrace has a cost of living index that's 1.2x higher than New York's index of 121.
The standard of living in Islip Terrace ranks as #190 most affordable out of the 336 places we measured in New York. By definition, that implies Islip Terrace ranks as the #146 most expensive place in the Empire State.
For more reading on life in Islip Terrace, check out:
Islip Terrace Cost Of Living Vs. New York
Six factors go into calculating the cost of living index in Islip Terrace. Here is how it fares on each of the criteria:
The Services index in Islip Terrace is 102.
The Groceries index in Islip Terrace is 112.
The Health index in Islip Terrace is 224.
The Housing index in Islip Terrace is 111.
The Transportation index in Islip Terrace is 111.
The Utilities index in Islip Terrace is 114.
| Living Expense | Islip Terrace | New York | National Average |
|---|---|---|---|
| Overall | 141 | 121 | 100 |
| Services | 102 | 105 | 100 |
| Groceries | 112 | 108 | 100 |
| Health | 224 | 143 | 100 |
| Housing | 111 | 112 | 100 |
| Transportation | 111 | 114 | 100 |
| Utilities | 114 | 111 | 100 |
Islip Terrace 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 Islip Terrace Get matched →Source: Cost-of-living index 2026, normalized to US average = 100
Islip Terrace, 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 Islip Terrace is $623,918.
The Median Rent in Islip Terrace is $2,640.
The Median Income in Islip Terrace is $155,313.
The Home Value To Income in Islip Terrace is 4.0x.
The Rent To Monthly Income in Islip Terrace is 0.2x.
| Statistic | Islip Terrace | New York | United States |
|---|---|---|---|
| Median Home Value | $623,918 | $507,794 | $332,700 |
| Median Rent | $2,640 | $1,621 | $1,413 |
| Median Income | $155,313 | $85,974 | $80,734 |
| Home Value To Income | 4.0x | 5.9x | 4.1x |
| Rent To Monthly Income | 0.2x | 0.23x | 0.21x |
Islip Terrace, NY Costs By Category
Detailed Islip Terrace Services costs vs. New York
| Item | Islip Terrace | 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 Islip Terrace Groceries costs vs. New York
| Item | Islip Terrace | 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 Islip Terrace Health costs vs. New York
| Item | Islip Terrace | New York |
|---|---|---|
| Optometrist | $140.1 | $125.68 |
| Doctor | $143.23 | $135.78 |
| Dentist | $123.0 | $113.29 |
Detailed Islip Terrace Transportation costs vs. New York
| Item | Islip Terrace | New York |
|---|---|---|
| Gasoline | $3.33 | $3.46 |
| Tire Balancing | $57.68 | $59.92 |
Detailed Islip Terrace Utilities costs vs. New York
| Item | Islip Terrace | New York |
|---|---|---|
| All Electricity | $281.67 | $193.99 |
| Phone | $185.16 | $192.25 |
Islip Terrace SnackAbility
Cost Of Living In Cities Around Islip Terrace
The cost of living varies in the cities and towns around Islip Terrace. 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 Islip Terrace.
Central Islip, NY has a cost of living index of 129, 0.9x Islip Terrace.
Bay Shore, NY has a cost of living index of 134, 1.0x Islip Terrace.
| City | Population | Cost Of Living | Vs. Islip Terrace |
|---|---|---|---|
| Levittown, NY | 51,904 | 142 | 1.0x |
| Central Islip, NY | 38,373 | 129 | 0.9x |
| Bay Shore, NY | 31,683 | 134 | 1.0x |
| Plainview, NY | 25,982 | 166 | 1.2x |
| Massapequa, NY | 21,389 | 165 | 1.2x |
| North Bellmore, NY | 20,689 | 154 | 1.1x |
| North Bay Shore, NY | 20,282 | 131 | 0.9x |
| Syosset, NY | 18,433 | 180 | 1.3x |
| Islip, NY | 17,362 | 139 | 1.0x |
| Massapequa Park, NY | 16,963 | 158 | 1.1x |
