Yahoo Finance See Why These Cities in New York Have the Highest and Lowest Costs of Living So Far in 2024
The cost of living in New York is among the highest in the United States. In fact, it’s only less expensive than Alaska, Massachusetts, D.C., California and Hawaii, according to the Missouri Economic Research and Information Center.
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But although many parts of New York are expensive, not every city has such exorbitant prices. Places like New York City and Jericho are definitely up there, but other areas — like Jamestown and Red Creek — are much cheaper.
GOBankingRates compiled data from Sperling’s BestPlaces, the Bureau of Labor Statistics Consumer Expenditure Survey, the U.S. Census American Community Survey, and AreaVibes to determine which New York cities have the highest and lowest cost of living so far in 2024. Here are the top 10 results for each.
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Cities in New York With the Highest Costs of Living
These are the top 10 cities in New York with the highest costs of living, according to the data.
10. Long Beach
Overall Annual Cost of Living (All Consumers): $117,185
Overall Cost of Living (CoL) Index: 160.6
Groceries CoL Index: 108.6
Health CoL Index: 125.8
Housing CoL Index: 238.3
Utilities CoL Index: 124.6
Transportation CoL Index: 178.2
Miscellaneous CoL Index: 156.9
Median Housing Average Value: $673,700
9. Rockville Centre
Overall Annual Cost of Living (All Consumers): $117,185
Overall Cost of Living (CoL) Index: 160.6
Groceries CoL Index: 110.2
Health CoL Index: 125.8
Housing CoL Index: 260.9
Utilities CoL Index: 125
Transportation CoL Index: 172.8
Miscellaneous CoL Index: 156.5
Median Housing Average Value: $786,400
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8. North New Hyde Park
Overall Annual Cost of Living (All Consumers): $117,185
Overall Cost of Living (CoL) Index: 160.6
Groceries CoL Index: 110.5
Health CoL Index: 125.8
Housing CoL Index: 268.8
Utilities CoL Index: 125
Transportation CoL Index: 170
Miscellaneous CoL Index: 156.7
Median Housing Average Value: $811,600
7. Syosset
Overall Annual Cost of Living (All Consumers): $117,185
Overall Cost of Living (CoL) Index: 160.6
Groceries CoL Index: 111.8
Health CoL Index: 125.8
Housing CoL Index: 284.4
Utilities CoL Index: 125
Transportation CoL Index: 171.6
Miscellaneous CoL Index: 157
Median Housing Average Value: $880,400
6. Jericho
Overall Annual Cost of Living (All Consumers): $117,185
Overall Cost of Living (CoL) Index: 160.6
Groceries CoL Index: 111.9
Health CoL Index: 125.8
Housing CoL Index: 318
Utilities CoL Index: 125
Transportation CoL Index: 169.5
Miscellaneous CoL Index: 156.9
Median Housing Average Value: $955,700
5. Garden City
Overall Annual Cost of Living (All Consumers): $117,185
Overall Cost of Living (CoL) Index: 160.6
Groceries CoL Index: 113.1
Health CoL Index: 125.8
Housing CoL Index: 319.7
Utilities CoL Index: 125
Transportation CoL Index: 170.1
Miscellaneous CoL Index: 156.9
Median Housing Average Value: $986,000
4. Woodmere
Overall Annual Cost of Living (All Consumers): $117,185
Overall Cost of Living (CoL) Index: 160.6
Groceries CoL Index: 111.3
Health CoL Index: 125.8
Housing CoL Index: 323.3
Utilities CoL Index: 125
Transportation CoL Index: 175.4
Miscellaneous CoL Index: 156.3
Median Housing Average Value: $1,054,100
3. Port Washington
Overall Annual Cost of Living (All Consumers): $117,185
Overall Cost of Living (CoL) Index: 160.6
Groceries CoL Index: 113.9
Health CoL Index: 125.8
Housing CoL Index: 332.6
Utilities CoL Index: 125
Transportation CoL Index: 172
Miscellaneous CoL Index: 156.8
Median Housing Average Value: $1,015,400
2. Great Neck
Overall Annual Cost of Living (All Consumers): $117,185
Overall Cost of Living (CoL) Index: 160.6
Groceries CoL Index: 119
Health CoL Index: 125.8
Housing CoL Index: 442.8
Utilities CoL Index: 125
Transportation CoL Index: 165.1
Miscellaneous CoL Index: 156.7
Median Housing Average Value: $1,241,000
1. New York
Overall Annual Cost of Living (All Consumers): $125,868
Overall Cost of Living (CoL) Index: 172.5
Groceries CoL Index: 116.6
Health CoL Index: 127.6
Housing CoL Index: 224.3
Utilities CoL Index: 150.5
Transportation CoL Index: 136.4
Miscellaneous CoL Index: 172.5
Median Housing Average Value: $677,200
Cities in New York With the Lowest Costs of Living
And these are the top 10 cities in The Empire State with the lowest costs of living, according to the data.
10. Massena
Overall Annual Cost of Living (All Consumers): $54,579
Overall Cost of Living (CoL) Index: 74.8
Groceries CoL Index: 95.6
Health CoL Index: 109.9
Housing CoL Index: 28.7
Utilities CoL Index: 105.2
Transportation CoL Index: 72
Miscellaneous CoL Index: 107
Median Housing Average Value: $97,400
9. Rensselaer Falls
Overall Annual Cost of Living (All Consumers): $54,579
Overall Cost of Living (CoL) Index: 74.8
Groceries CoL Index: 96
Health CoL Index: 109.9
Housing CoL Index: 23.8
Utilities CoL Index: 111.1
Transportation CoL Index: 77.2
Miscellaneous CoL Index: 106.9
Median Housing Average Value: $127,100
8. Ogdensburg
Overall Annual Cost of Living (All Consumers): $54,579
Overall Cost of Living (CoL) Index: 74.8
Groceries CoL Index: 95.1
Health CoL Index: 109.9
Housing CoL Index: 22.2
Utilities CoL Index: 112
Transportation CoL Index: 65.9
Miscellaneous CoL Index: 107.3
Median Housing Average Value: $104,400
7. Winthrop
Overall Annual Cost of Living (All Consumers): $54,579
Overall Cost of Living (CoL) Index: 74.8
Groceries CoL Index: 96
Health CoL Index: 109.9
Housing CoL Index: 14.8
Utilities CoL Index: 111.1
Transportation CoL Index: 77.2
Miscellaneous CoL Index: 106.9
Median Housing Average Value: $130,200
6. South Dayton
Overall Annual Cost of Living (All Consumers): $53,631
Overall Cost of Living (CoL) Index: 73.5
Groceries CoL Index: 95
Health CoL Index: 107.2
Housing CoL Index: 20.8
Utilities CoL Index: 102.1
Transportation CoL Index: 79.9
Miscellaneous CoL Index: 106.6
Median Housing Average Value: $95,100
5. Olean
Overall Annual Cost of Living (All Consumers): $53,631
Overall Cost of Living (CoL) Index: 73.5
Groceries CoL Index: 95
Health CoL Index: 107.2
Housing CoL Index: 22.3
Utilities CoL Index: 108.6
Transportation CoL Index: 68.3
Miscellaneous CoL Index: 106.5
Median Housing Average Value: $118,900
4. Houghton
Overall Annual Cost of Living (All Consumers): $52,755
Overall Cost of Living (CoL) Index: 72.3
Groceries CoL Index: 97.5
Health CoL Index: 104.1
Housing CoL Index: 44.5
Utilities CoL Index: 102.6
Transportation CoL Index: 77.5
Miscellaneous CoL Index: 99.3
Median Housing Average Value: $142,700
3. Fillmore
Overall Annual Cost of Living (All Consumers): $52,755
Overall Cost of Living (CoL) Index: 72.3
Groceries CoL Index: 96.4
Health CoL Index: 104.1
Housing CoL Index: 28.3
Utilities CoL Index: 102.6
Transportation CoL Index: 77.5
Miscellaneous CoL Index: 99.3
Median Housing Average Value: $115,400
2. Bolivar
Overall Annual Cost of Living (All Consumers): $52,755
Overall Cost of Living (CoL) Index: 72.3
Groceries CoL Index: 94.8
Health CoL Index: 104.1
Housing CoL Index: 21.4
Utilities CoL Index: 108.6
Transportation CoL Index: 84.4
Miscellaneous CoL Index: 99
Median Housing Average Value: $85,600
1. Scio
Overall Annual Cost of Living (All Consumers): $52,755
Overall Cost of Living (CoL) Index: 72.3
Groceries CoL Index: 95.5
Health CoL Index: 104.1
Housing CoL Index: 25.2
Utilities CoL Index: 95.9
Transportation CoL Index: 77.4
Miscellaneous CoL Index: 99.3
Median Housing Average Value: $111,500
Methodology: For this study, GOBankingRates analyzed 6,300 cities across the United States to find the cheapest and most expensive cost of living cities in each state. First GOBankingRates found the cost of living indexes as sourced from Sperlings BestPlaces and using the national average expenditure costs for all residents, as sourced from the Bureau of Labor Statistics Consumer Expenditure Survey, the average expenditure cost can be calculated for each city. The total population was sourced from the US Census American Community Survey, and the livability index was sourced from AreaVibes. All data was collected on and is up to date as of May 21, 2024.
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This article originally appeared on GOBankingRates.com: See Why These Cities in New York Have the Highest and Lowest Costs of Living So Far in 2024
