Malverne, NY Cost Of Living
Cost Of Living In Malverne, NY Summary
Cost of living in Malverne 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 Malverne 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 Malverne is 149, with 100 being the average.
The cost of living index in Malverne is 1.5x higher than the national average.
Malverne ranks as the #241 cheapest in New York out of 340.
Malverne ranks as the #5,822 cheapest out of 6,412 in the US.
The median home value in Malverne is $541,300.
The median income in Malverne is $139,915.
Table Of Contents
Malverne's Overall Cost Of Living
Higher Than The National Average
What is the cost of living in Malverne, NY?
According to the most recent data on the cost of living, Malverne has an overall cost of living index of 149, which is 1.5x higher than the national index of 100.
Compared to New York, Malverne has a cost of living index that's 1.2x higher than New York's index of 126.
The standard of living in Malverne ranks as #241 most affordable out of the 340 places we measured in New York. By definition, that implies Malverne ranks as the #99 most expensive place in the Empire State.
For more reading on life in Malverne, check out:
- Living In Malverne
- Malverne Crime Report
- Search Homes For Sale In Malverne, NY
In New York
In America
Malverne Cost Of Living Vs. New York
Six factors go into calculating the cost of living index in Malverne. Here is how it fairs on each of the criteria:
The Services index in Malverne is 131.
The Groceries index in Malverne is 147.
The Health index in Malverne is 110.
The Housing index in Malverne is 203.
The Transportation index in Malverne is 131.
The Utilities index in Malverne is 98.
| Living Expense | Malverne | New York | National Average | |
|---|---|---|---|---|
| Overall | 149 | 126 | 100 | |
| Services | 131 | 110 | 100 | |
| Groceries | 147 | 104 | 100 | |
| Health | 110 | 105 | 100 | |
| Housing | 203 | 175 | 100 | |
| Transportation | 131 | 107 | 100 | |
| Utilities | 98 | 102 | 100 | |
Malverne, 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 Malverne is $541,300.
The Median Rent in Malverne is $1,818.
The Median Income in Malverne is $139,915.
The Home Value To Income in Malverne is 3.9x.
The Rent To Monthly Income in Malverne is 0.16x.
| Statistic | Malverne | New York | United States |
|---|---|---|---|
| Median Home Value | $541,300 | $340,600 | $244,900 |
| Median Rent | $1,818 | $1,390 | $1,163 |
| Median Income | $139,915 | $75,157 | $69,021 |
| Home Value To Income | 3.9x | 4.5x | 3.5x |
| Rent To Monthly Income | 0.16x | 0.22x | 0.2x |
Median Home Value
Median Rent
Median Income
Malverne, NY Costs By Category
Detailed Malverne Services Costs Vs. New York
Detailed Malverne Groceries Costs Vs. New York
Detailed Malverne Health Costs Vs. New York
Detailed Malverne Transportation Costs Vs. New York
Detailed Malverne Utilities Costs Vs. New York
Malverne SnackAbility
/10
Cost Of Living In Cities Around Malverne
The cost of living varies in the cities and towns around Malverne. 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, 0.9x Malverne.
Valley Stream, NY has a cost of living index of 148, 1.0x Malverne.
Franklin Square, NY has a cost of living index of 153, 1.0x Malverne.
| City | Population | Cost Of Living | Vs. Malverne |
|---|---|---|---|
| Levittown, NY | 52,540 | 140 | 0.9x |
| Valley Stream, NY | 40,304 | 148 | 1.0x |
| Franklin Square, NY | 32,381 | 153 | 1.0x |
| Plainview, NY | 26,665 | 155 | 1.0x |
| Rockville Centre, NY | 25,768 | 173 | 1.2x |
| Massapequa, NY | 22,249 | 163 | 1.1x |
| Merrick, NY | 20,990 | 172 | 1.2x |
| West Hempstead, NY | 20,729 | 153 | 1.0x |
| Lynbrook, NY | 20,325 | 154 | 1.0x |
| Syosset, NY | 19,347 | 177 | 1.2x |
