Cost of Living in Riverhead, NY
Housing
The housing market plays a significant role in determining the cost of living in Riverhead, NY.
- Housing Index: 140.0 / 100
- Median Home Price is: $515,000
- Average Rent (2 BR Apartment): $2400 per month
- Average Rent (2 BR House): $2450 per month
When considering a move to Riverhead, NY, you'll find that the community boasts a population of with a median age of . With a median income of , it exemplifies economic stability, while the poverty level stands at a low %. The unemployment rate of % indicates a healthy job market, attracting professional growth. Approximately % of families are married, suggesting a stable community atmosphere for families. Keeping these factors in mind will greatly assist you in making a well-informed decision about relocating to this vibrant locale.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Riverhead, 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.): $250 per month
Living in Riverhead, 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 $250 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 Riverhead is a financially viable option for your relocation.