Lake Grove, NY Cost Of Living
Cost Of Living In Lake Grove, NY Summary
Cost of living in Lake Grove 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 Lake Grove 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 Lake Grove is 144, with 100 being the average.
The cost of living index in Lake Grove is 1.4x higher than the national average.
Lake Grove ranks as the #199 cheapest in New York out of 341.
Lake Grove ranks as the #5,533 cheapest out of 6,489 in the US.
The median home value in Lake Grove is $703,808.
The median income in Lake Grove is $119,558.
Table Of Contents
Lake Grove's Overall Cost Of Living
Higher Than The National Average
What is the cost of living in Lake Grove, NY?
According to the most recent data on the cost of living, Lake Grove has an overall cost of living index of 144, which is 1.4x higher than the national index of 100.
Compared to New York, Lake Grove has a cost of living index that's 1.2x higher than New York's index of 119.
The standard of living in Lake Grove ranks as #199 most affordable out of the 341 places we measured in New York. By definition, that implies Lake Grove ranks as the #142 most expensive place in the Empire State.
For more reading on life in Lake Grove, check out:
In New York
In America
Lake Grove Cost Of Living Vs. New York
Six factors go into calculating the cost of living index in Lake Grove. Here is how it fairs on each of the criteria:
The Services index in Lake Grove is 114.
The Groceries index in Lake Grove is 106.
The Health index in Lake Grove is 111.
The Housing index in Lake Grove is 224.
The Transportation index in Lake Grove is 103.
The Utilities index in Lake Grove is 130.
| Living Expense | Lake Grove | New York | National Average | |
|---|---|---|---|---|
| Overall | 144 | 119 | 100 | |
| Services | 114 | 110 | 100 | |
| Groceries | 106 | 103 | 100 | |
| Health | 111 | 101 | 100 | |
| Housing | 224 | 145 | 100 | |
| Transportation | 103 | 105 | 100 | |
| Utilities | 130 | 99 | 100 | |
Lake Grove, 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 2019-2023. The key points are:
The Median Home Value in Lake Grove is $703,808.
The Median Rent in Lake Grove is $2,208.
The Median Income in Lake Grove is $119,558.
The Home Value To Income in Lake Grove is 5.9x.
The Rent To Monthly Income in Lake Grove is 0.22x.
| Statistic | Lake Grove | New York | United States |
|---|---|---|---|
| Median Home Value | $703,808 | $508,764 | $303,400 |
| Median Rent | $2,208 | $1,576 | $1,348 |
| Median Income | $119,558 | $84,578 | $78,538 |
| Home Value To Income | 5.9x | 6.0x | 3.9x |
| Rent To Monthly Income | 0.22x | 0.22x | 0.21x |
Median Home Value
Median Rent
Median Income
Lake Grove, NY Costs By Category
Detailed Lake Grove Services Costs Vs. New York
| Item | Lake Grove | 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 Lake Grove Groceries Costs Vs. New York
| Item | Lake Grove | 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 Lake Grove Health Costs Vs. New York
| Item | Lake Grove | New York |
|---|---|---|
| Optometrist | $140.1 | $125.68 |
| Doctor | $143.23 | $135.78 |
| Dentist | $123.0 | $113.29 |
Detailed Lake Grove Transportation Costs Vs. New York
| Item | Lake Grove | New York |
|---|---|---|
| Gasoline | $3.33 | $3.46 |
| Tire Balancing | $57.68 | $59.92 |
Detailed Lake Grove Utilities Costs Vs. New York
| Item | Lake Grove | New York |
|---|---|---|
| All Electricity | $281.67 | $193.99 |
| Phone | $185.16 | $192.25 |
Lake Grove SnackAbility
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Cost Of Living In Cities Around Lake Grove
The cost of living varies in the cities and towns around Lake Grove. Here's a quick look at the cost of living in the most populous nearby places:
Commack, NY has a cost of living index of 154, 1.1x Lake Grove.
Centereach, NY has a cost of living index of 138, 1.0x Lake Grove.
West Islip, NY has a cost of living index of 151, 1.0x Lake Grove.
| City | Population | Cost Of Living | Vs. Lake Grove |
|---|---|---|---|
| Commack, NY | 36,353 | 154 | 1.1x |
| Centereach, NY | 31,501 | 138 | 1.0x |
| West Islip, NY | 26,559 | 151 | 1.0x |
| Plainview, NY | 26,251 | 167 | 1.2x |
| Smithtown, NY | 24,940 | 157 | 1.1x |
| Selden, NY | 21,707 | 137 | 1.0x |
| Huntington, NY | 20,117 | 169 | 1.2x |
| Ronkonkoma, NY | 18,368 | 138 | 1.0x |
| Lake Ronkonkoma, NY | 18,289 | 138 | 1.0x |
| South Farmingdale, NY | 14,953 | 147 | 1.0x |
