Cost of Living in Cedarhurst, NY
Housing
The housing market plays a significant role in determining the cost of living in Cedarhurst, NY.
- Housing Index: 118.8 / 100
- Median Home Price is: $525,000
- Average Rent (2 BR Apartment): $2943 per month
- Average Rent (2 BR House): $3199 per month
In considering a move to Cedarhurst, NY, the current housing indicators present an intriguing picture. With a median home price of 525000, the market leans toward a higher investment upfront. However, both the average rent for a 2-bedroom apartment and house show no rental values, suggesting that rental options may be limited or expensive—common in desirable areas. This discrepancy can indicate a competitive market, making home purchases potentially the more stable financial choice. We suggest analyzing long-term trends in 118.8 before committing to ensure it aligns with your living aspirations.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Cedarhurst, NY.
- Electricity Price: $26.08 USD (median by state)
- Natural Gas Price: $18.13 USD per Thousand Cubic Feet (median by state)
- Other Utilities (water, garbage, etc.): $259 per month
Living in Cedarhurst, NY could entail higher utility costs. Electricity costs sit at $26.08, while natural gas is priced at $18.13 per Thousand Cubic Feet — both aligning with state medians. Expect to budget about $259 monthly for other services like water and garbage. These utility expenses are vital considerations as they directly influence monthly living costs. Comparing these rates to other cities may help ascertain if Cedarhurst is a financially viable option for your relocation.