New Hyde Park, NY Cost Of Living
Cost Of Living In New Hyde Park, NY Summary
Cost of living in New Hyde Park 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 New Hyde Park 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 New Hyde Park is 158, with 100 being the average.
The cost of living index in New Hyde Park is 1.6x higher than the national average.
New Hyde Park ranks as the #274 cheapest in New York out of 340.
New Hyde Park ranks as the #5,974 cheapest out of 6,412 in the US.
The median home value in New Hyde Park is $631,400.
The median income in New Hyde Park is $141,056.
Table Of Contents
New Hyde Park's Overall Cost Of Living
Higher Than The National Average
What is the cost of living in New Hyde Park, NY?
According to the most recent data on the cost of living, New Hyde Park has an overall cost of living index of 158, which is 1.6x higher than the national index of 100.
Compared to New York, New Hyde Park has a cost of living index that's 1.3x higher than New York's index of 126.
The standard of living in New Hyde Park ranks as #274 most affordable out of the 340 places we measured in New York. By definition, that implies New Hyde Park ranks as the #66 most expensive place in the Empire State.
For more reading on life in New Hyde Park, check out:
- Living In New Hyde Park
- Search Homes For Sale In New Hyde Park, NY
In New York
In America
New Hyde Park Cost Of Living Vs. New York
Six factors go into calculating the cost of living index in New Hyde Park. Here is how it fairs on each of the criteria:
The Services index in New Hyde Park is 135.
The Groceries index in New Hyde Park is 149.
The Health index in New Hyde Park is 112.
The Housing index in New Hyde Park is 230.
The Transportation index in New Hyde Park is 133.
The Utilities index in New Hyde Park is 99.
| Living Expense | New Hyde Park | New York | National Average | |
|---|---|---|---|---|
| Overall | 158 | 126 | 100 | |
| Services | 135 | 110 | 100 | |
| Groceries | 149 | 104 | 100 | |
| Health | 112 | 105 | 100 | |
| Housing | 230 | 175 | 100 | |
| Transportation | 133 | 107 | 100 | |
| Utilities | 99 | 102 | 100 | |
New Hyde Park, 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 New Hyde Park is $631,400.
The Median Rent in New Hyde Park is $1,648.
The Median Income in New Hyde Park is $141,056.
The Home Value To Income in New Hyde Park is 4.5x.
The Rent To Monthly Income in New Hyde Park is 0.14x.
| Statistic | New Hyde Park | New York | United States |
|---|---|---|---|
| Median Home Value | $631,400 | $340,600 | $244,900 |
| Median Rent | $1,648 | $1,390 | $1,163 |
| Median Income | $141,056 | $75,157 | $69,021 |
| Home Value To Income | 4.5x | 4.5x | 3.5x |
| Rent To Monthly Income | 0.14x | 0.22x | 0.2x |
Median Home Value
Median Rent
Median Income
New Hyde Park, NY Costs By Category
Detailed New Hyde Park Services Costs Vs. New York
| Item | New Hyde Park | New York |
|---|---|---|
| Shampoo | $1.67 | $1.06 |
| Movie | $16.31 | $10.68 |
| Bowling | $20.49 | $14.67 |
| Haircut | $23.25 | $18.62 |
| Beauty Salon | $60.79 | $39.05 |
Detailed New Hyde Park Groceries Costs Vs. New York
| Item | New Hyde Park | New York |
|---|---|---|
| Ground Beef | $6.4 | $4.22 |
| Fried Chicken | $2.65 | $1.39 |
| Milk | $3.11 | $2.05 |
| Potatoes | $4.16 | $3.29 |
| Pizza | $12.33 | $10.62 |
| Beer | $12.01 | $9.38 |
| Toothpaste | $4.42 | $2.34 |
Detailed New Hyde Park Health Costs Vs. New York
| Item | New Hyde Park | New York |
|---|---|---|
| Optometrist | $108.08 | $108.57 |
| Doctor | $106.72 | $116.17 |
| Dentist | $124.43 | $99.13 |
Detailed New Hyde Park Transportation Costs Vs. New York
| Item | New Hyde Park | New York |
|---|---|---|
| Gasoline | $2.62 | $2.22 |
| Tire Balancing | $80.22 | $50.07 |
Detailed New Hyde Park Utilities Costs Vs. New York
| Item | New Hyde Park | New York |
|---|---|---|
| All Electricity | $157.7 | $167.67 |
| Phone | $189.52 | $175.64 |
New Hyde Park SnackAbility
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Cost Of Living In Cities Around New Hyde Park
The cost of living varies in the cities and towns around New Hyde Park. 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 New Hyde Park.
Plainview, NY has a cost of living index of 155, 1.0x New Hyde Park.
Massapequa, NY has a cost of living index of 163, 1.0x New Hyde Park.
| City | Population | Cost Of Living | Vs. New Hyde Park |
|---|---|---|---|
| Levittown, NY | 52,540 | 140 | 0.9x |
| Plainview, NY | 26,665 | 155 | 1.0x |
| Massapequa, NY | 22,249 | 163 | 1.0x |
| Merrick, NY | 20,990 | 172 | 1.1x |
| Syosset, NY | 19,347 | 177 | 1.1x |
| Woodmere, NY | 17,267 | 176 | 1.1x |
| Massapequa Park, NY | 17,149 | 157 | 1.0x |
| Floral Park, NY | 16,180 | 162 | 1.0x |
| North New Hyde Park, NY | 15,125 | 170 | 1.1x |
| Malverne, NY | 8,583 | 149 | 0.9x |
