Quick facts: Smithtown, NY

Quick Facts

113.7
Cost of Living
above US average
116,384
Population
1.03
Crime Rate per 1000
below US average
$120,000
Median Income
above US average
$779,000
Median House Price
above US average
$31320.29
Average Rent
above US average
4%
Poverty Rate
below US average
3.1%
Unemployment Rate
below US average

πŸ’΅ Affordability Calculator

Based on the 28/36 rule: housing costs should not exceed 28% of your gross income. Compared against local median income of $120,000.

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Income Needed to Buy

βœ— Stretch
$244k/year
Based on $779,000 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $244k vs median $120,000
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Income Needed to Rent

⚠ Stretch
$1342k/year
Based on $31320.29/month average rent
Annual income where rent = 28% of gross
⚠️ Requires $1342k vs median $120,000
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Smithtown, NY

Smithtown is a charming town located in Suffolk County, New York, on Long Island. Known for its suburban feel, it offers a mix of residential neighborhoods, parks, and small businesses. Smithtown is rich in history, with origins dating back to the 17th century, and boasts several historical sites, including the Smithtown Historical Society and the old Smithtown Port. Outdoor enthusiasts can enjoy a variety of recreational activities at the local parks, such as the expansive Caleb Smith State Park Preserve, ideal for hiking, bird watching, and picnicking. The town is also home to several golf courses and offers access to beaches along the nearby North Shore. Smithtown’s downtown area features a selection of shops, restaurants, and cafes, catering to visitors and residents alike. The town hosts various community events throughout the year, fostering a strong sense of community among its residents. With its convenient location, Smithtown provides easy access to New York City via the Long Island Expressway and local train services. Overall, Smithtown is an appealing location for families and individuals seeking a balanced lifestyle.

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