Cost of Living in Bay shore, NY
Housing
The housing market plays a significant role in determining the cost of living in Bay shore, NY.
- Housing Index: 130.0 / 100
- Median Home Price is: $517000
- Average Rent (2 BR Apartment): $2500 per month
- Average Rent (2 BR House): $2250 per month
In analyzing the housing landscape of Bay shore, NY, we see a housing index of 130.0, indicative of a competitive real estate market. The median home price is notably high at 517000, suggesting that purchasing property may require significant investment. Additionally, rents for a 2-bedroom apartment average around 2500, while a 2-bedroom house is slightly lower at 2250. Consider the return on investment and your long-term goals, as living costs can fluctuate based on market trends and local amenities. This data underscores the need for careful financial planning for potential residents.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Bay shore, 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.): $280 per month
Living in Bay shore, 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 $280 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 Bay shore is a financially viable option for your relocation.