Islip Terrace, NY Cost Of Living

Demographics | Cost Of Living
Updated: 2023-11-15

Cost Of Living In Islip Terrace, NY Summary

Cost of living in Islip Terrace 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 Islip Terrace 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 Islip Terrace is 139, with 100 being the average.

  • The cost of living index in Islip Terrace is 1.4x higher than the national average.

  • Islip Terrace ranks as the #180 cheapest in New York out of 340.

  • Islip Terrace ranks as the #5,546 cheapest out of 6,412 in the US.

  • The median home value in Islip Terrace is $373,800.

  • The median income in Islip Terrace is $140,714.

Table Of Contents

  1. Summary
  2. National Comparison
  3. Housing Breakdown
  4. Detailed Pricing
  5. Nearby Comparisons
139
Islip Terrace's Overall Cost Of Living
1.4x
Higher Than The National Average

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 139, 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 1.1x higher than New York's index of 126.

The standard of living in Islip Terrace ranks as #180 most affordable out of the 340 places we measured in New York. By definition, that implies Islip Terrace ranks as the #160 most expensive place in the Empire State.

For more reading on life in Islip Terrace, check out:

180 out of 340
In New York
5,546 out of 6,412
In America

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 fairs on each of the criteria:

  • The Services index in Islip Terrace is 123.

  • The Groceries index in Islip Terrace is 104.

  • The Health index in Islip Terrace is 116.

  • The Housing index in Islip Terrace is 187.

  • The Transportation index in Islip Terrace is 118.

  • The Utilities index in Islip Terrace is 131.

Living Expense Islip Terrace New York National Average
Overall 139 126 100
Services 123 110 100
Groceries 104 104 100
Health 116 105 100
Housing 187 175 100
Transportation 118 107 100
Utilities 131 102 100
For more reading on cost of living around New York, check out:
Islip Terrace Cost of Living Vs. NY

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 2017-2021. The key points are:

  • The Median Home Value in Islip Terrace is $373,800.

  • The Median Rent in Islip Terrace is $2,649.

  • The Median Income in Islip Terrace is $140,714.

  • The Home Value To Income in Islip Terrace is 2.7x.

  • The Rent To Monthly Income in Islip Terrace is 0.23x.

Statistic Islip Terrace New York United States
Median Home Value $373,800 $340,600 $244,900
Median Rent $2,649 $1,390 $1,163
Median Income $140,714 $75,157 $69,021
Home Value To Income 2.7x 4.5x 3.5x
Rent To Monthly Income 0.23x 0.22x 0.2x
Search Homes For Sale In Islip Terrace, NY
$373,800
Median Home Value
$2,649
Median Rent
$140,714
Median Income

Islip Terrace, NY Costs By Category

Detailed Islip Terrace Services Costs Vs. New York

Item Islip Terrace New York
Shampoo $0.96 $1.06
Movie $13.09 $10.68
Bowling $18.83 $14.67
Haircut $32.76 $18.62
Beauty Salon $65.09 $39.05

Detailed Islip Terrace Groceries Costs Vs. New York

Item Islip Terrace New York
Ground Beef $4.44 $4.22
Fried Chicken $1.42 $1.39
Milk $2.65 $2.05
Potatoes $3.98 $3.29
Pizza $9.41 $10.62
Beer $10.04 $9.38
Toothpaste $2.13 $2.34

Detailed Islip Terrace Health Costs Vs. New York

Item Islip Terrace New York
Optometrist $127.5 $108.57
Doctor $118.17 $116.17
Dentist $132.27 $99.13

Detailed Islip Terrace Transportation Costs Vs. New York

Item Islip Terrace New York
Gasoline $2.33 $2.22
Tire Balancing $69.75 $50.07

Detailed Islip Terrace Utilities Costs Vs. New York

Item Islip Terrace New York
All Electricity $261.22 $167.67
Phone $178.6 $175.64

Islip Terrace SnackAbility

7
/10
Overall SnackAbility
Jobs
9.5/10
Housing
9.5
Affordability
6
Diversity
8
Safety
N/A
Amenities
8.5
Education
8
Commute
5

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 140, 1.0x Islip Terrace.

  • Central Islip, NY has a cost of living index of 127, 0.9x Islip Terrace.

  • Bay Shore, NY has a cost of living index of 130, 0.9x Islip Terrace.

City Population Cost Of Living Vs. Islip Terrace
Levittown, NY 52,540 140 1.0x
Central Islip, NY 36,292 127 0.9x
Bay Shore, NY 31,488 130 0.9x
Plainview, NY 26,665 155 1.1x
Massapequa, NY 22,249 163 1.2x
North Bellmore, NY 21,535 154 1.1x
Syosset, NY 19,347 177 1.3x
North Bay Shore, NY 18,524 131 0.9x
Islip, NY 17,441 137 1.0x
Massapequa Park, NY 17,149 157 1.1x

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