What is the cost of living in Southold, NY?
According to the most recent data on the cost of living, Southold has an overall cost of living index of 162, which is 1.6x higher than the national index of 100.
Compared to New York, Southold has a cost of living index that's 1.3x higher than New York's index of 121.
The standard of living in Southold ranks as #277 most affordable out of the 336 places we measured in New York. By definition, that implies Southold ranks as the #59 most expensive place in the Empire State.
For more reading on life in Southold, check out:
Southold Cost Of Living Vs. New York
Six factors go into calculating the cost of living index in Southold. Here is how it fares on each of the criteria:
The Services index in Southold is 102.
The Groceries index in Southold is 111.
The Health index in Southold is 288.
The Housing index in Southold is 109.
The Transportation index in Southold is 111.
The Utilities index in Southold is 115.
| Living Expense | Southold | New York | National Average |
|---|---|---|---|
| Overall | 162 | 121 | 100 |
| Services | 102 | 105 | 100 |
| Groceries | 111 | 108 | 100 |
| Health | 288 | 143 | 100 |
| Housing | 109 | 112 | 100 |
| Transportation | 111 | 114 | 100 |
| Utilities | 115 | 111 | 100 |
Southold Cost Of Living Compared To New York Averages
Index where 100 = national average. Source: cost-of-living index 2026.
For more reading on cost of living around New York, check out:
Protect your home budget Compare home warranties in Southold Get matched →Source: Cost-of-living index 2026, normalized to US average = 100
Southold, 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 2020-2024. The key points are:
The Median Home Value in Southold is $1,097,966.
The Median Rent in Southold is $2,237.
The Median Income in Southold is $128,822.
The Home Value To Income in Southold is 8.5x.
The Rent To Monthly Income in Southold is 0.21x.
Southold, NY Costs By Category
Detailed Southold Services costs vs. New York
Detailed Southold Groceries costs vs. New York
Detailed Southold Health costs vs. New York
Detailed Southold Transportation costs vs. New York
Southold SnackAbility
Cost Of Living In Cities Around Southold
The cost of living varies in the cities and towns around Southold. Here's a quick look at the cost of living in the most populous nearby places:
Hampton Bays, NY has a cost of living index of 155, 1.0x Southold.
Riverhead, NY has a cost of living index of 132, 0.8x Southold.
Springs, NY has a cost of living index of 183, 1.1x Southold.
| City | Population | Cost Of Living | Vs. Southold |
|---|---|---|---|
| Hampton Bays, NY | 15,706 | 155 | 1.0x |
| Riverhead, NY | 14,936 | 132 | 0.8x |
| Springs, NY | 9,163 | 183 | 1.1x |
