Cost of Living in Southold, NY
Housing
The housing market plays a significant role in determining the cost of living in Southold, NY.
- Housing Index: 118.8 / 100
- Median Home Price is: $835,000
- Average Rent (2 BR Apartment): $12052 per month
- Average Rent (2 BR House): $13100 per month
In Southold, NY, the current housing data paints an intriguing picture. With a housing index of 118.8, it is clear that pricing dynamics demand careful consideration. The median home price stands at a notable 835000, indicating a relatively high entry point for homebuyers. However, the absence of reported averages for 2-bedroom apartments and houses suggests a competitive rental market. For context, homes in this price bracket may be appealing to affluent buyers. Given these factors, prospective movers should weigh these housing costs against their individual financial capabilities and urban lifestyle goals.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Southold, 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 Southold, 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 Southold is a financially viable option for your relocation.