Cost of Living in Wainscott, NY
Wainscott cost of living index: 153.0 (above the US average). Median home price: $3,650,000.
Updated 2026 • Based on 1 local zip code
📍 Some data sourced from nearby metro area
53% above the national average
Housing
Data from 1 zip code
Housing costs in Wainscott, NY based on real market data from 1 local zip code.
When considering a move to Wainscott, NY, it's important to review the current housing market. With a housing index of 200.0, the area shows relatively high property prices. The median home price at 3650000.0 suggests a competitive market, which may appeal to investors or those seeking long-term appreciation. Rental options are also available, with an average rent of 32000.0 for a 2-bedroom apartment and slightly higher at for a 2-bedroom house. Keep in mind, that local amenities, schools, and transportation will significantly affect living costs and property values.
Last updated: January 2026
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living.
Living in Wainscott, NY could entail variable utility costs. Electricity costs sit at $26.08, while natural gas is priced at $18.13 per Thousand Cubic Feet. Expect to budget about $250.0 monthly for other services like water and garbage.
Cost Breakdown by Category
Local Income & Economy in Wainscott, NY
How far does your money go in Wainscott? Understanding the relationship between income and cost of living is key to evaluating affordability.
How We Calculate Adjusted Purchasing Power in Wainscott
The adjusted purchasing power shows what a Wainscott, NY household income is actually worth after accounting for local prices. We calculate it using the formula: Purchasing Power = Median Income ÷ Cost of Living Index × 100
For Wainscott, that's $172,500 ÷ 153.0 × 100 = $112,745. This means a household earning the median income in Wainscott has the equivalent buying power of $112,745 in a city where the cost of living index equals the national baseline of 100.
With a cost of living index of 153.0, Wainscott is significantly more expensive than the national average. Despite a median income of $172,500, the high cost of housing, groceries, and everyday expenses reduces real purchasing power to $112,745. If you're planning to move to Wainscott, budgeting carefully for rent and housing costs is essential. Households relocating from lower-cost areas should expect to spend more on basic necessities.
With a median home price of $3,650,000, housing affordability in Wainscott is a significant factor. Prospective homebuyers should consider that mortgage payments, property taxes, and insurance in Wainscott, NY will consume a larger share of household income compared to cities with a lower cost of living index.
💡 Purchasing power is calculated by dividing the local median household income by the cost of living index and multiplying by 100. A result higher than the nominal income means your money goes further; a lower result means local prices erode your earnings. The US baseline cost of living index is 100.
Pros & Cons of Living in Wainscott
Pros
- • Friendly community vibe
- • Low crime rates reported
- • Diverse dining options
- • Access to outdoor activities
- • Close to Hamptons activities
- • Strong job market in summer
- • Beautiful beaches nearby
- • Good schools in the area
- • Great for families with kids
- • Quiet and peaceful environment
Cons
- • Potential for racism issues
- • Less cultural diversity seen
- • Limited nightlife options
- • Limited year-round activities
- • Job market can be competitive
- • Seasonal population changes
- • Public transport is scarce
- • Political views can be polarized
- • Traffic congestion in summer
- • High cost of living
💡City Insights
Wainscott scores 1/10 for affordability, 5/10 for safety, and 5/10 for family-friendliness — an challenging overall profile. However, affordability is a weaker area that prospective residents should consider carefully.
Frequently Asked Questions
What is the cost of living in Wainscott, NY? ▼
The cost of living in Wainscott, NY is 53% higher than the national average, with a cost of living index of 153 (where 100 represents the U.S. average). Housing typically accounts for the largest portion of living expenses. See full cost of living breakdown →
How much does it cost to buy or rent a home in Wainscott, NY? ▼
In Wainscott, NY, The median home price is $3,650,000. requiring approximately $825,000 annual income to afford. Average rent is $32,000/month (requiring ~$1,280,000/year income). The local median household income is $172,500, making homeownership challenging for typical residents. Explore Wainscott real estate data →
Is Wainscott, NY a safe place to live? ▼
Wainscott, NY is average in terms of safety, with crime rates near the national average. Safety varies significantly by neighborhood. View detailed Wainscott crime statistics →
What salary do you need to live comfortably in Wainscott, NY? ▼
To live comfortably in Wainscott, NY and afford a median-priced home of $3,650,000, you would typically need a household income of $912,500 to $1,140,625 per year. The local median household income is $172,500. Renting requires approximately $1,280,000/year (at $32,000/month). See full affordability analysis →
What are the best neighborhoods in Wainscott, NY? ▼
The best neighborhoods in Wainscott, NY depend on your priorities. For families, look for areas near top-rated schools with lower crime rates. For affordability, neighborhoods farther from the city center tend to offer more affordable options.
How are the taxes in Wainscott, NY? ▼
Tax rates in Wainscott, NY include state and local components. The cost of living index of 153 indicates a higher cost environment compared to the national average. View detailed Wainscott tax information →
How does Wainscott, NY compare to nearby cities? ▼
Wainscott, NY offers comparable costs to nearby communities. With a cost of living index of 153, median home prices of $3,650,000, and a crime rate of 0 per 1,000 residents, you can compare these metrics side-by-side. Use the compare feature to evaluate specific cities.
What is the weather like in Wainscott, NY? ▼
Weather in Wainscott, NY varies by season. Climate data varies by season. View detailed Wainscott climate & environment data →
What factors affect cost of living in Wainscott, NY? ▼
The main factors affecting cost of living in Wainscott, NY include housing costs (the biggest factor), utilities, groceries, transportation, and healthcare. Local taxes and the overall economic conditions also play a role.
Housing Costs by Zip Code
Detailed housing data across 1 zip code in Wainscott, NY.
| Zip Code | Median Home Price | Avg Rent | 2BR Rent | For Sale | For Rent |
|---|---|---|---|---|---|
| 11975 | $3,650,000 | $113,464/mo | $32,000/mo | 23 | 58 |
Explore More About Wainscott, NY
📅 Last Updated: January 2026
Sources: U.S. Census Bureau (ACS), Bureau of Labor Statistics, Council for Community and Economic Research (C2ER), Zillow, Redfin