Cost of living in Melville 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 Melville 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 Melville is 181, with 100 being the average.
The cost of living index in Melville is 1.8x higher than the national average.
Melville ranks as the #320 cheapest in New York out of 340.
Melville ranks as the #6,217 cheapest out of 6,412 in the US.
The median home value in Melville is $694,000.
The median income in Melville is $117,472.
According to the most recent data on the cost of living, Melville has an overall cost of living index of 181, which is 1.8x higher than the national index of 100.
Compared to New York, Melville has a cost of living index that's 1.4x higher than New York's index of 126.
The standard of living in Melville ranks as #320 most affordable out of the 340 places we measured in New York. By definition, that implies Melville ranks as the #20 most expensive place in the Empire State.
For more reading on life in Melville, check out:
Six factors go into calculating the cost of living index in Melville. Here is how it fairs on each of the criteria:
The Services index in Melville is 121.
The Groceries index in Melville is 106.
The Health index in Melville is 117.
The Housing index in Melville is 315.
The Transportation index in Melville is 117.
The Utilities index in Melville is 131.
|Living Expense||Melville||New York||National Average|
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 Melville is $694,000.
The Median Rent in Melville is $2,631.
The Median Income in Melville is $117,472.
The Home Value To Income in Melville is 5.9x.
The Rent To Monthly Income in Melville is 0.27x.
|Statistic||Melville||New York||United States|
|Median Home Value||$694,000||$340,600||$244,900|
|Home Value To Income||5.9x||4.5x||3.5x|
|Rent To Monthly Income||0.27x||0.22x||0.2x|
The cost of living varies in the cities and towns around Melville. 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, 0.8x Melville.
Huntington Station, NY has a cost of living index of 140, 0.8x Melville.
Plainview, NY has a cost of living index of 155, 0.9x Melville.
|City||Population||Cost Of Living||Vs. Melville|
|Huntington Station, NY||34,050||140||0.8x|
|Dix Hills, NY||24,739||178||1.0x|
|Massapequa Park, NY||17,149||157||0.9x|
|North New Hyde Park, NY||15,125||170||0.9x|