Springs, NY Cost Of Living
Cost Of Living In Springs, NY Summary
Cost of living in Springs 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 Springs 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 Springs is 186, with 100 being the average.
The cost of living index in Springs is 1.9x higher than the national average.
Springs ranks as the #320 cheapest in New York out of 341.
Springs ranks as the #6,239 cheapest out of 6,489 in the US.
The median home value in Springs is $1,123,573.
The median income in Springs is $147,277.
Table Of Contents
Springs's Overall Cost Of Living
Higher Than The National Average
What is the cost of living in Springs, NY?
According to the most recent data on the cost of living, Springs has an overall cost of living index of 186, which is 1.9x higher than the national index of 100.
Compared to New York, Springs has a cost of living index that's 1.6x higher than New York's index of 119.
The standard of living in Springs ranks as #320 most affordable out of the 341 places we measured in New York. By definition, that implies Springs ranks as the #21 most expensive place in the Empire State.
For more reading on life in Springs, check out:
In New York
In America
Springs Cost Of Living Vs. New York
Six factors go into calculating the cost of living index in Springs. Here is how it fairs on each of the criteria:
The Services index in Springs is 106.
The Groceries index in Springs is 100.
The Health index in Springs is 111.
The Housing index in Springs is 361.
The Transportation index in Springs is 101.
The Utilities index in Springs is 132.
| Living Expense | Springs | New York | National Average | |
|---|---|---|---|---|
| Overall | 186 | 119 | 100 | |
| Services | 106 | 110 | 100 | |
| Groceries | 100 | 103 | 100 | |
| Health | 111 | 101 | 100 | |
| Housing | 361 | 145 | 100 | |
| Transportation | 101 | 105 | 100 | |
| Utilities | 132 | 99 | 100 | |
Springs, 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 Springs is $1,123,573.
The Median Rent in Springs is $3,334.
The Median Income in Springs is $147,277.
The Home Value To Income in Springs is 7.6x.
The Rent To Monthly Income in Springs is 0.27x.
Median Home Value
Median Rent
Median Income
Springs, NY Costs By Category
Detailed Springs Services Costs Vs. New York
Detailed Springs Groceries Costs Vs. New York
Detailed Springs Health Costs Vs. New York
Detailed Springs Transportation Costs Vs. New York
Detailed Springs Utilities Costs Vs. New York
Springs SnackAbility
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Cost Of Living In Cities Around Springs
The cost of living varies in the cities and towns around Springs. 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, 0.7x Springs.
Selden, NY has a cost of living index of 137, 0.7x Springs.
Farmingville, NY has a cost of living index of 139, 0.7x Springs.
| City | Population | Cost Of Living | Vs. Springs |
|---|---|---|---|
| Medford, NY | 25,681 | 134 | 0.7x |
| Selden, NY | 21,707 | 137 | 0.7x |
| Farmingville, NY | 16,605 | 139 | 0.7x |
| Mount Sinai, NY | 11,876 | 150 | 0.8x |
| Wading River, NY | 8,393 | 152 | 0.8x |
| East Shoreham, NY | 7,279 | 150 | 0.8x |
| Sound Beach, NY | 7,207 | 127 | 0.7x |
| East Hampton North, NY | 5,751 | 172 | 0.9x |
