Mount Sinai, NY Cost Of Living
Cost Of Living In Mount Sinai, NY Summary
Cost of living in Mount Sinai 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 Mount Sinai 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 Mount Sinai is 150, with 100 being the average.
The cost of living index in Mount Sinai is 1.5x higher than the national average.
Mount Sinai ranks as the #227 cheapest in New York out of 341.
Mount Sinai ranks as the #5,692 cheapest out of 6,489 in the US.
The median home value in Mount Sinai is $753,280.
The median income in Mount Sinai is $170,188.
Table Of Contents
Mount Sinai's Overall Cost Of Living
Higher Than The National Average
What is the cost of living in Mount Sinai, NY?
According to the most recent data on the cost of living, Mount Sinai has an overall cost of living index of 150, which is 1.5x higher than the national index of 100.
Compared to New York, Mount Sinai has a cost of living index that's 1.3x higher than New York's index of 119.
The standard of living in Mount Sinai ranks as #227 most affordable out of the 341 places we measured in New York. By definition, that implies Mount Sinai ranks as the #114 most expensive place in the Empire State.
For more reading on life in Mount Sinai, check out:
In New York
In America
Mount Sinai Cost Of Living Vs. New York
Six factors go into calculating the cost of living index in Mount Sinai. Here is how it fairs on each of the criteria:
The Services index in Mount Sinai is 106.
The Groceries index in Mount Sinai is 100.
The Health index in Mount Sinai is 115.
The Housing index in Mount Sinai is 251.
The Transportation index in Mount Sinai is 102.
The Utilities index in Mount Sinai is 133.
| Living Expense | Mount Sinai | New York | National Average | |
|---|---|---|---|---|
| Overall | 150 | 119 | 100 | |
| Services | 106 | 110 | 100 | |
| Groceries | 100 | 103 | 100 | |
| Health | 115 | 101 | 100 | |
| Housing | 251 | 145 | 100 | |
| Transportation | 102 | 105 | 100 | |
| Utilities | 133 | 99 | 100 | |
Mount Sinai, 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 2019-2023. The key points are:
The Median Home Value in Mount Sinai is $753,280.
The Median Rent in Mount Sinai is $3,019.
The Median Income in Mount Sinai is $170,188.
The Home Value To Income in Mount Sinai is 4.4x.
The Rent To Monthly Income in Mount Sinai is 0.21x.
| Statistic | Mount Sinai | New York | United States |
|---|---|---|---|
| Median Home Value | $753,280 | $508,764 | $303,400 |
| Median Rent | $3,019 | $1,576 | $1,348 |
| Median Income | $170,188 | $84,578 | $78,538 |
| Home Value To Income | 4.4x | 6.0x | 3.9x |
| Rent To Monthly Income | 0.21x | 0.22x | 0.21x |
Median Home Value
Median Rent
Median Income
Mount Sinai, NY Costs By Category
Detailed Mount Sinai Services Costs Vs. New York
| Item | Mount Sinai | New York |
|---|---|---|
| Shampoo | $1.47 | $1.28 |
| Movie | $15.07 | $12.13 |
| Bowling | $24.0 | $18 |
| Haircut | $39.78 | $24.26 |
| Beauty Salon | $69.0 | $45.56 |
Detailed Mount Sinai Groceries Costs Vs. New York
| Item | Mount Sinai | New York |
|---|---|---|
| Ground Beef | $6.28 | $5.84 |
| Fried Chicken | $1.59 | $1.57 |
| Milk | $4.83 | $4.67 |
| Potatoes | $5.03 | $4.93 |
| Pizza | $13.21 | $12.09 |
| Beer | $10.53 | $10.41 |
| Toothpaste | $3.86 | $3.7 |
Detailed Mount Sinai Health Costs Vs. New York
| Item | Mount Sinai | New York |
|---|---|---|
| Optometrist | $134.7 | $125.68 |
| Doctor | $162.26 | $135.78 |
| Dentist | $136.03 | $113.29 |
Detailed Mount Sinai Transportation Costs Vs. New York
| Item | Mount Sinai | New York |
|---|---|---|
| Gasoline | $3.47 | $3.46 |
| Tire Balancing | $63.33 | $59.92 |
Detailed Mount Sinai Utilities Costs Vs. New York
| Item | Mount Sinai | New York |
|---|---|---|
| All Electricity | $296.64 | $193.99 |
| Phone | $185.16 | $192.25 |
Mount Sinai SnackAbility
/10
Cost Of Living In Cities Around Mount Sinai
The cost of living varies in the cities and towns around Mount Sinai. Here's a quick look at the cost of living in the most populous nearby places:
Coram, NY has a cost of living index of 133, 0.9x Mount Sinai.
Commack, NY has a cost of living index of 154, 1.0x Mount Sinai.
Smithtown, NY has a cost of living index of 157, 1.0x Mount Sinai.
| City | Population | Cost Of Living | Vs. Mount Sinai |
|---|---|---|---|
| Coram, NY | 41,527 | 133 | 0.9x |
| Commack, NY | 36,353 | 154 | 1.0x |
| Smithtown, NY | 24,940 | 157 | 1.0x |
| Farmingville, NY | 16,605 | 139 | 0.9x |
| Rocky Point, NY | 13,931 | 127 | 0.8x |
| East Islip, NY | 13,687 | 148 | 1.0x |
| St. James, NY | 13,680 | 151 | 1.0x |
| Nesconset, NY | 13,344 | 159 | 1.1x |
| Stony Brook, NY | 12,827 | 152 | 1.0x |
| Miller Place, NY | 11,743 | 141 | 0.9x |
