Cost of Living in Massapequa, NY
Housing
The housing market plays a significant role in determining the cost of living in Massapequa, NY.
- Housing Index: 135.0 / 100
- Median Home Price is: $710,000
- Average Rent (2 BR Apartment): $2700 per month
- Average Rent (2 BR House): $2750 per month
Based on the provided data, Massapequa, NY exhibits a housing index of 135.0, indicating a high concentration of housing costs compared to the national average. The median home price of 710000 suggests that purchasing a home could be a significant investment. Meanwhile, the average rent of 2700 for a 2-bedroom apartment and 2750 for a 2-bedroom house underlines the premium rental market in the area. Prospective residents should consider both lifestyle and long-term financial implications before moving. Furthermore, consider local amenities, school districts, and job market trends to ensure a holistic view of your potential new home.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Massapequa, 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.): $310 per month
Living in Massapequa, 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 $310 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 Massapequa is a financially viable option for your relocation.