Cost of Living in Farmingville, NY
Housing
The housing market plays a significant role in determining the cost of living in Farmingville, NY.
- Housing Index: 118.8 / 100
- Median Home Price is: $495,000
- Average Rent (2 BR Apartment): $2943 per month
- Average Rent (2 BR House): $3199 per month
In analyzing the data for Farmingville, NY, it appears the housing index is notably low at 118.8, which indicates a potentially favorable buying atmosphere. With a median home price of 495000, the housing market may be more attractive to buyers looking for investment opportunities. However, we're lacking data on rental prices, with average rent for a 2-bedroom apartment at 2943 and for a 2-bedroom house at 3199. Considering these factors, prospective movers should weigh the equity-building potential of home ownership against any immediate rental needs.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Farmingville, 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 Farmingville, 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 Farmingville is a financially viable option for your relocation.