Cost of Living in Malverne, NY
Housing
The housing market plays a significant role in determining the cost of living in Malverne, NY.
- Housing Index: Data is updating
- Median Home Price is: $697,500
- Average Rent (2 BR Apartment): Data is updating
- Average Rent (2 BR House): Data is updating
In Malverne, NY, the housing index currently stands at 0.0, indicating a challenging market for potential buyers and renters alike. The median home price is significantly high at 697500, which may deter first-time homebuyers or those on a tighter budget. The average rents for 2-bedroom apartments and houses are currently valued at 0.0 and 0.0 respectively, which suggests that finding affordable rental options may be difficult. Prospective movers should weigh these factors against their overall budget and lifestyle needs before making a decision.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Malverne, 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.): Data is updating
Living in Malverne, 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 data unavailable 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 Malverne is a financially viable option for your relocation.