Larchmont, NY Cost Of Living
Cost Of Living In Larchmont, NY Summary
Cost of living in Larchmont 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 Larchmont 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 Larchmont is 223, with 100 being the average.
The cost of living index in Larchmont is 2.2x higher than the national average.
Larchmont ranks as the #337 cheapest in New York out of 340.
Larchmont ranks as the #6,359 cheapest out of 6,412 in the US.
The median home value in Larchmont is $1,217,400.
The median income in Larchmont is $214,186.
Table Of Contents
Larchmont's Overall Cost Of Living
Higher Than The National Average
What is the cost of living in Larchmont, NY?
According to the most recent data on the cost of living, Larchmont has an overall cost of living index of 223, which is 2.2x higher than the national index of 100.
Compared to New York, Larchmont has a cost of living index that's 1.8x higher than New York's index of 126.
The standard of living in Larchmont ranks as #337 most affordable out of the 340 places we measured in New York. By definition, that implies Larchmont ranks as the #3 most expensive place in the Empire State.
For more reading on life in Larchmont, check out:
- Living In Larchmont
- Larchmont Crime Report
- Search Homes For Sale In Larchmont, NY
In New York
In America
Larchmont Cost Of Living Vs. New York
Six factors go into calculating the cost of living index in Larchmont. Here is how it fairs on each of the criteria:
The Services index in Larchmont is 122.
The Groceries index in Larchmont is 107.
The Health index in Larchmont is 115.
The Housing index in Larchmont is 459.
The Transportation index in Larchmont is 118.
The Utilities index in Larchmont is 132.
| Living Expense | Larchmont | New York | National Average | |
|---|---|---|---|---|
| Overall | 223 | 126 | 100 | |
| Services | 122 | 110 | 100 | |
| Groceries | 107 | 104 | 100 | |
| Health | 115 | 105 | 100 | |
| Housing | 459 | 175 | 100 | |
| Transportation | 118 | 107 | 100 | |
| Utilities | 132 | 102 | 100 | |
Larchmont, 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 Larchmont is $1,217,400.
The Median Rent in Larchmont is $1,748.
The Median Income in Larchmont is $214,186.
The Home Value To Income in Larchmont is 5.7x.
The Rent To Monthly Income in Larchmont is 0.1x.
| Statistic | Larchmont | New York | United States |
|---|---|---|---|
| Median Home Value | $1,217,400 | $340,600 | $244,900 |
| Median Rent | $1,748 | $1,390 | $1,163 |
| Median Income | $214,186 | $75,157 | $69,021 |
| Home Value To Income | 5.7x | 4.5x | 3.5x |
| Rent To Monthly Income | 0.1x | 0.22x | 0.2x |
Median Home Value
Median Rent
Median Income
Larchmont, NY Costs By Category
Detailed Larchmont Services Costs Vs. New York
Detailed Larchmont Groceries Costs Vs. New York
Detailed Larchmont Health Costs Vs. New York
Detailed Larchmont Transportation Costs Vs. New York
Detailed Larchmont Utilities Costs Vs. New York
Larchmont SnackAbility
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Cost Of Living In Cities Around Larchmont
The cost of living varies in the cities and towns around Larchmont. Here's a quick look at the cost of living in the most populous nearby places:
New Rochelle, NY has a cost of living index of 160, 0.7x Larchmont.
Mount Vernon, NY has a cost of living index of 142, 0.6x Larchmont.
Levittown, NY has a cost of living index of 140, 0.6x Larchmont.
| City | Population | Cost Of Living | Vs. Larchmont |
|---|---|---|---|
| New Rochelle, NY | 80,685 | 160 | 0.7x |
| Mount Vernon, NY | 72,855 | 142 | 0.6x |
| Levittown, NY | 52,540 | 140 | 0.6x |
| Plainview, NY | 26,665 | 155 | 0.7x |
| North Bellmore, NY | 21,535 | 154 | 0.7x |
| Eastchester, NY | 20,636 | 163 | 0.7x |
| Mamaroneck, NY | 19,989 | 165 | 0.7x |
| Syosset, NY | 19,347 | 177 | 0.8x |
| Scarsdale, NY | 18,063 | 265 | 1.2x |
| Woodmere, NY | 17,267 | 176 | 0.8x |
