Cost of Living in Lake grove, NY
Housing
The housing market plays a significant role in determining the cost of living in Lake grove, NY.
- Housing Index: 118.8 / 100
- Median Home Price is: $646,500
- Average Rent (2 BR Apartment): $2943 per month
- Average Rent (2 BR House): $3199 per month
In Lake grove, NY, the housing index of 118.8 indicates a cost of living that is higher than the national average. With a median home price of 646500, purchasing property may require careful budgeting. Renting options, with an average of 2943 for a two-bedroom apartment and 3199 for a two-bedroom house, suggest significant monthly expenses. Given these figures, potential residents should weigh both lifestyle preferences and financial readiness carefully, especially considering that housing often influences overall quality of life, availability of amenities, and community engagement.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Lake grove, 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 Lake grove, 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 Lake grove is a financially viable option for your relocation.