Riverhead, NY Cost Of Living
Cost Of Living In Riverhead, NY Summary
Cost of living in Riverhead 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 Riverhead 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 Riverhead is 129, with 100 being the average.
The cost of living index in Riverhead is 1.3x higher than the national average.
Riverhead ranks as the #146 cheapest in New York out of 341.
Riverhead ranks as the #4,942 cheapest out of 6,489 in the US.
The median home value in Riverhead is $613,210.
The median income in Riverhead is $83,521.
Table Of Contents
Riverhead's Overall Cost Of Living
Higher Than The National Average
What is the cost of living in Riverhead, NY?
According to the most recent data on the cost of living, Riverhead has an overall cost of living index of 129, which is 1.3x higher than the national index of 100.
Compared to New York, Riverhead has a cost of living index that's 1.1x higher than New York's index of 119.
The standard of living in Riverhead ranks as #146 most affordable out of the 341 places we measured in New York. By definition, that implies Riverhead ranks as the #195 most expensive place in the Empire State.
For more reading on life in Riverhead, check out:
In New York
In America
Riverhead Cost Of Living Vs. New York
Six factors go into calculating the cost of living index in Riverhead. Here is how it fairs on each of the criteria:
The Services index in Riverhead is 106.
The Groceries index in Riverhead is 97.
The Health index in Riverhead is 111.
The Housing index in Riverhead is 182.
The Transportation index in Riverhead is 103.
The Utilities index in Riverhead is 135.
| Living Expense | Riverhead | New York | National Average | |
|---|---|---|---|---|
| Overall | 129 | 119 | 100 | |
| Services | 106 | 110 | 100 | |
| Groceries | 97 | 103 | 100 | |
| Health | 111 | 101 | 100 | |
| Housing | 182 | 145 | 100 | |
| Transportation | 103 | 105 | 100 | |
| Utilities | 135 | 99 | 100 | |
Riverhead, 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 Riverhead is $613,210.
The Median Rent in Riverhead is $2,208.
The Median Income in Riverhead is $83,521.
The Home Value To Income in Riverhead is 7.3x.
The Rent To Monthly Income in Riverhead is 0.32x.
Median Home Value
Median Rent
Median Income
Riverhead, NY Costs By Category
Detailed Riverhead Services Costs Vs. New York
Detailed Riverhead Groceries Costs Vs. New York
Detailed Riverhead Health Costs Vs. New York
Detailed Riverhead Transportation Costs Vs. New York
Detailed Riverhead Utilities Costs Vs. New York
Riverhead SnackAbility
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Cost Of Living In Cities Around Riverhead
The cost of living varies in the cities and towns around Riverhead. Here's a quick look at the cost of living in the most populous nearby places:
Medford, NY has a cost of living index of 134, 1.0x Riverhead.
Mount Sinai, NY has a cost of living index of 150, 1.2x Riverhead.
Miller Place, NY has a cost of living index of 141, 1.1x Riverhead.
| City | Population | Cost Of Living | Vs. Riverhead |
|---|---|---|---|
| Medford, NY | 25,681 | 134 | 1.0x |
| Mount Sinai, NY | 11,876 | 150 | 1.2x |
| Miller Place, NY | 11,743 | 141 | 1.1x |
| Terryville, NY | 10,962 | 142 | 1.1x |
| Wading River, NY | 8,393 | 152 | 1.2x |
| East Shoreham, NY | 7,279 | 150 | 1.2x |
| Sound Beach, NY | 7,207 | 127 | 1.0x |
| Flanders, NY | 6,388 | 133 | 1.0x |
| Yaphank, NY | 6,140 | 133 | 1.0x |
| Calverton, NY | 5,629 | 120 | 0.9x |
