Merrick, NY Cost Of Living
Cost Of Living In Merrick, NY Summary
Cost of living in Merrick 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 Merrick 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 Merrick is 172, with 100 being the average.
The cost of living index in Merrick is 1.7x higher than the national average.
Merrick ranks as the #308 cheapest in New York out of 340.
Merrick ranks as the #6,149 cheapest out of 6,412 in the US.
The median home value in Merrick is $610,800.
The median income in Merrick is $168,400.
Table Of Contents
Merrick's Overall Cost Of Living
Higher Than The National Average
What is the cost of living in Merrick, NY?
According to the most recent data on the cost of living, Merrick has an overall cost of living index of 172, which is 1.7x higher than the national index of 100.
Compared to New York, Merrick has a cost of living index that's 1.4x higher than New York's index of 126.
The standard of living in Merrick ranks as #308 most affordable out of the 340 places we measured in New York. By definition, that implies Merrick ranks as the #32 most expensive place in the Empire State.
For more reading on life in Merrick, check out:
- Living In Merrick
- Search Homes For Sale In Merrick, NY
In New York
In America
Merrick Cost Of Living Vs. New York
Six factors go into calculating the cost of living index in Merrick. Here is how it fairs on each of the criteria:
The Services index in Merrick is 133.
The Groceries index in Merrick is 150.
The Health index in Merrick is 108.
The Housing index in Merrick is 275.
The Transportation index in Merrick is 132.
The Utilities index in Merrick is 97.
| Living Expense | Merrick | New York | National Average | |
|---|---|---|---|---|
| Overall | 172 | 126 | 100 | |
| Services | 133 | 110 | 100 | |
| Groceries | 150 | 104 | 100 | |
| Health | 108 | 105 | 100 | |
| Housing | 275 | 175 | 100 | |
| Transportation | 132 | 107 | 100 | |
| Utilities | 97 | 102 | 100 | |
Merrick, 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 Merrick is $610,800.
The Median Rent in Merrick is $2,314.
The Median Income in Merrick is $168,400.
The Home Value To Income in Merrick is 3.6x.
The Rent To Monthly Income in Merrick is 0.16x.
| Statistic | Merrick | New York | United States |
|---|---|---|---|
| Median Home Value | $610,800 | $340,600 | $244,900 |
| Median Rent | $2,314 | $1,390 | $1,163 |
| Median Income | $168,400 | $75,157 | $69,021 |
| Home Value To Income | 3.6x | 4.5x | 3.5x |
| Rent To Monthly Income | 0.16x | 0.22x | 0.2x |
Median Home Value
Median Rent
Median Income
Merrick, NY Costs By Category
Detailed Merrick Services Costs Vs. New York
Detailed Merrick Groceries Costs Vs. New York
Detailed Merrick Health Costs Vs. New York
Detailed Merrick Transportation Costs Vs. New York
Detailed Merrick Utilities Costs Vs. New York
Merrick SnackAbility
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Cost Of Living In Cities Around Merrick
The cost of living varies in the cities and towns around Merrick. 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 Merrick.
Freeport, NY has a cost of living index of 140, 0.8x Merrick.
Baldwin, NY has a cost of living index of 148, 0.9x Merrick.
| City | Population | Cost Of Living | Vs. Merrick |
|---|---|---|---|
| Levittown, NY | 52,540 | 140 | 0.8x |
| Freeport, NY | 44,328 | 140 | 0.8x |
| Baldwin, NY | 33,352 | 148 | 0.9x |
| Plainview, NY | 26,665 | 155 | 0.9x |
| Massapequa, NY | 22,249 | 163 | 0.9x |
| North Bellmore, NY | 21,535 | 154 | 0.9x |
| Syosset, NY | 19,347 | 177 | 1.0x |
| Wantagh, NY | 18,331 | 159 | 0.9x |
| Roosevelt, NY | 18,019 | 137 | 0.8x |
| Woodmere, NY | 17,267 | 176 | 1.0x |
