Monsey, NY Cost Of Living
Cost Of Living In Monsey, NY Summary
Cost of living in Monsey 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 Monsey 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 Monsey is 155, with 100 being the average.
The cost of living index in Monsey is 1.6x higher than the national average.
Monsey ranks as the #263 cheapest in New York out of 340.
Monsey ranks as the #5,929 cheapest out of 6,412 in the US.
The median home value in Monsey is $728,600.
The median income in Monsey is $43,843.
Table Of Contents
Monsey's Overall Cost Of Living
Higher Than The National Average
What is the cost of living in Monsey, NY?
According to the most recent data on the cost of living, Monsey has an overall cost of living index of 155, which is 1.6x higher than the national index of 100.
Compared to New York, Monsey has a cost of living index that's 1.2x higher than New York's index of 126.
The standard of living in Monsey ranks as #263 most affordable out of the 340 places we measured in New York. By definition, that implies Monsey ranks as the #77 most expensive place in the Empire State.
For more reading on life in Monsey, check out:
- Living In Monsey
- Search Homes For Sale In Monsey, NY
In New York
In America
Monsey Cost Of Living Vs. New York
Six factors go into calculating the cost of living index in Monsey. Here is how it fairs on each of the criteria:
The Services index in Monsey is 112.
The Groceries index in Monsey is 108.
The Health index in Monsey is 96.
The Housing index in Monsey is 257.
The Transportation index in Monsey is 109.
The Utilities index in Monsey is 104.
| Living Expense | Monsey | New York | National Average | |
|---|---|---|---|---|
| Overall | 155 | 126 | 100 | |
| Services | 112 | 110 | 100 | |
| Groceries | 108 | 104 | 100 | |
| Health | 96 | 105 | 100 | |
| Housing | 257 | 175 | 100 | |
| Transportation | 109 | 107 | 100 | |
| Utilities | 104 | 102 | 100 | |
Monsey, 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 Monsey is $728,600.
The Median Rent in Monsey is $1,524.
The Median Income in Monsey is $43,843.
The Home Value To Income in Monsey is 16.6x.
The Rent To Monthly Income in Monsey is 0.42x.
| Statistic | Monsey | New York | United States |
|---|---|---|---|
| Median Home Value | $728,600 | $340,600 | $244,900 |
| Median Rent | $1,524 | $1,390 | $1,163 |
| Median Income | $43,843 | $75,157 | $69,021 |
| Home Value To Income | 16.6x | 4.5x | 3.5x |
| Rent To Monthly Income | 0.42x | 0.22x | 0.2x |
Median Home Value
Median Rent
Median Income
Monsey, NY Costs By Category
Detailed Monsey Services Costs Vs. New York
Detailed Monsey Groceries Costs Vs. New York
Detailed Monsey Health Costs Vs. New York
Detailed Monsey Transportation Costs Vs. New York
Detailed Monsey Utilities Costs Vs. New York
Monsey SnackAbility
/10
Cost Of Living In Cities Around Monsey
The cost of living varies in the cities and towns around Monsey. Here's a quick look at the cost of living in the most populous nearby places:
Spring Valley, NY has a cost of living index of 122, 0.8x Monsey.
Eastchester, NY has a cost of living index of 163, 1.1x Monsey.
Scarsdale, NY has a cost of living index of 265, 1.7x Monsey.
| City | Population | Cost Of Living | Vs. Monsey |
|---|---|---|---|
| Spring Valley, NY | 32,953 | 122 | 0.8x |
| Eastchester, NY | 20,636 | 163 | 1.1x |
| Scarsdale, NY | 18,063 | 265 | 1.7x |
| Dobbs Ferry, NY | 11,511 | 169 | 1.1x |
| Chestnut Ridge, NY | 10,211 | 140 | 0.9x |
| Airmont, NY | 9,964 | 141 | 0.9x |
| New Square, NY | 9,433 | 136 | 0.9x |
| Hillcrest, NY | 8,667 | 143 | 0.9x |
| Briarcliff Manor, NY | 7,587 | 175 | 1.1x |
| Pleasantville, NY | 7,469 | 164 | 1.1x |
