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 175, with 100 being the average.
The cost of living index in Springs is 1.8x higher than the national average.
Springs ranks as the #312 cheapest in New York out of 340.
Springs ranks as the #6,177 cheapest out of 6,412 in the US.
The median home value in Springs is $759,400.
The median income in Springs is $118,947.
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 175, which is 1.8x higher than the national index of 100.
Compared to New York, Springs has a cost of living index that's 1.4x higher than New York's index of 126.
The standard of living in Springs ranks as #312 most affordable out of the 340 places we measured in New York. By definition, that implies Springs ranks as the #28 most expensive place in the Empire State.
For more reading on life in Springs, check out:
- Living In Springs
- Search Homes For Sale In Springs, NY
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 119.
The Groceries index in Springs is 104.
The Health index in Springs is 111.
The Housing index in Springs is 306.
The Transportation index in Springs is 108.
The Utilities index in Springs is 144.
| Living Expense | Springs | New York | National Average | |
|---|---|---|---|---|
| Overall | 175 | 126 | 100 | |
| Services | 119 | 110 | 100 | |
| Groceries | 104 | 104 | 100 | |
| Health | 111 | 105 | 100 | |
| Housing | 306 | 175 | 100 | |
| Transportation | 108 | 107 | 100 | |
| Utilities | 144 | 102 | 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 2017-2021. The key points are:
The Median Home Value in Springs is $759,400.
The Median Rent in Springs is $2,914.
The Median Income in Springs is $118,947.
The Home Value To Income in Springs is 6.4x.
The Rent To Monthly Income in Springs is 0.29x.
| Statistic | Springs | New York | United States |
|---|---|---|---|
| Median Home Value | $759,400 | $340,600 | $244,900 |
| Median Rent | $2,914 | $1,390 | $1,163 |
| Median Income | $118,947 | $75,157 | $69,021 |
| Home Value To Income | 6.4x | 4.5x | 3.5x |
| Rent To Monthly Income | 0.29x | 0.22x | 0.2x |
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 132, 0.8x Springs.
Selden, NY has a cost of living index of 134, 0.8x Springs.
Farmingville, NY has a cost of living index of 134, 0.8x Springs.
| City | Population | Cost Of Living | Vs. Springs |
|---|---|---|---|
| Medford, NY | 24,702 | 132 | 0.8x |
| Selden, NY | 21,265 | 134 | 0.8x |
| Farmingville, NY | 16,909 | 134 | 0.8x |
| Mount Sinai, NY | 10,904 | 151 | 0.9x |
| Wading River, NY | 8,304 | 140 | 0.8x |
| Sound Beach, NY | 7,289 | 129 | 0.7x |
| East Shoreham, NY | 7,232 | 153 | 0.9x |
