F
59%
Overall NAT. AVG.
13%
Goods & Services NAT. AVG.
168%
Housing NAT. AVG.
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Date & Last Updated: This data reflects 2023 and was released from C2ER in January, 2024; this is the most current data available.
The cost of living index is based on a national average of 100. For example, if the cost of living is 90, then it is 10% lower than average. If the cost of living is 110, then it is 10% higher than average. The breakdown for each index is as follows: goods & services (33%), groceries (13%), health care (5%), housing (30%), transportation (9%) and utilities (10%). If the cost of living data was unavailable for this city, estimates based upon nearby cities were used.
Index Bethpage New York National
Cost of living159117100
Goods & Services113108100
Groceries105102100
Health care110103100
Housing268145100
Transportation102105100
Utilities131100100

An Overview of Cost of Living in Bethpage, NY

Getting a feel for the cost of living in Bethpage is essential for anyone planning to relocate, as it empowers them to make informed financial decisions, secure a comfortable lifestyle and maintain financial stability in their new environment. The cost of living in Bethpage is 159, which is 59% higher than the national average. Relocating individuals may need to adjust their savings and investment strategies based on the cost of living in the new location. It influences decisions about retirement planning, investments and financial goals.

If you prioritize affordability when seeking a new place to live, Bethpage may not be your ideal choice, as it ranks among the most expensive locations in the entire United States. A very small amount of areas exhibit a cost of living at least 20% higher than the national average, and unfortunately, Bethpage falls into this category, which may not align with your preferences for a budget-friendly living environment.

Housing costs are a very significant part of the Bethpage cost of living index and generally encompass a large percentage of take-home income. Unfortunately, in this area, the housing costs for both homes and rentals were 167.8% more than the average city. This includes things like home and rent prices, mortgage rates and insurance.

Recurring essentials like haircuts, toothpaste, and entertainment, from movies to gym sessions, can really add up in your budget and make up 33% of the cost of living index. In Bethpage, you you will have to spend 12.9% more than average when compared to the typical prices for these items, making it a more expensive place to live.

Is Bethpage Affordable?

Is Bethpage affordable? It's a key consideration when pondering a move, as affordability often shapes your choices. The cost of living index (we discussed it earlier), coupled with housing costs and income levels, serves as the cornerstone for determining a location's affordability. Take Bethpage, for instance, where the median home price falls 169.3% higher than the national average, and monthly rent rates are 164.4% higher than usual. Additionally, median income levels contribute to the equation, with Bethpage flaunting a median household income of $115,413, 108.6% higher than the national norm.

What Factors can Influence the Cost of Living in Bethpage?

Urbanization: Larger, urban hubs brimming with ample amenities and robust employment opportunities often showcase a heightened cost of living. This surge is primarily attributed to the amplified demand for services and increased residential migration, culminating in elevated home prices and elevated rental rates. Conversely, less densely populated rural locales or regions characterized by reduced demand tend to offer a more limited array of amenities and undergo slower job market growth, ultimately yielding a more affordable cost of living.

Housing: High demand for housing in desirable locations can drive up property prices and rental rates. This can be a primary contributor to a higher cost of living. While low demand for housing, especially in undesirable locations, can have the reverse effect and drive prices down, resulting in a lower cost of living. The housing index in Bethpage, is 167.8% higher than the national average.

Healthcare: Healthcare expenditures and insurance premium rates can vary significantly, contingent upon the particular city or state. Factors such as the accessibility of healthcare facilities, out-of-pocket expenses for doctor's appointments, dental care charges, prescription medication costs, and expenses related to specialized medical care can all have an impact on the overall cost of living. In Bethpage, healthcare costs are 9.9% higher than the national average.

Where is the Data From?

The cost of living in Bethpage, presented above is derived from the C2ER cost of living index, offering a practical method for assessing living cost disparities in urban areas. Published quarterly, this index compiles data from more than 300 independent researchers, encompassing over 60 goods and services in 6 categories. The weightings assigned to cost variances are informed by government survey data tracking the expenditure patterns of professional and executive households. It should be noted that the C2ER index does not include data on sales or income tax rates, however, AreaVibes incorporates tax rates into the overall cost of living score for each area.

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Cost Of Living Quick Facts

  • The cost of living in Bethpage is 36% higher than the New York average
  • The cost of living in Bethpage is 59% higher than the national average
  • Bethpage housing is 168% higher than the national average
  • New York general sales tax is 22% lower than the national average
  • New York state income tax is 54% higher than the national average

Most Affordable Places to Live in and Around Bethpage

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Compare Bethpage, NY Cost of Living

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      Salary Calculator

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      Price difference in compared to
      Cost of living index
      Goods & Services index
      Groceries index
      Health care index
      Housing index
      Transportation index
      Utilities index

      Median Income & Debt-To-Income Ratio

      Median Income Per Year Per Month Max Budget (28% DTI) Max Budget (36% DTI)
      Owners$117,167$9,764$2,734$3,515
      Renters$58,523$4,877$1,365$1,756
      The percent of monthly income spent on housing can be a good indicator of the affordability of housing in Bethpage, NY, as well as the overall cost of living. As a general rule of thumb, the debt-to-income ratio (DTI) for homeowners or renters should be not more than 28 percent of gross income to be spent on housing related costs and not more than 36 percent of income on all expenses, including debts. The median income for Bethpage homeowners, is $117,167. This would allow for a maximum of $2,734 per month to be spent on housing costs. For renters, the median monthly income is $58,523 which would result in a maximum of $1,365 to be spent on rental costs.

      New York Sales Tax

      State General Sales Tax With Max Surtax
      New York 4% 8.875%

      New York Income Tax

      State Income Tax (Low) Income Tax (High)
      New York 4% 10.9%

      Goods & Services

      Item Bethpage National avg. Difference
      Haircut $32.33$24.2633.3%
      Beauty Salon $48.56$45.566.6%
      Toothpaste $3.66$3.701.1%
      Shampoo $1.50$1.2817.4%
      Movie $13.76$12.1313.4%
      Bowling $19.63$18.009.0%

      Groceries

      Item Bethpage National avg. Difference
      Ground Beef $6.34$5.848.6%
      Fried Chicken $1.61$1.572.4%
      Milk $4.73$4.671.2%
      Potatoes $5.03$4.931.9%
      Pizza $10.07$12.0916.7%
      Beer $10.62$10.412.0%

      Health Care

      Item Bethpage National avg. Difference
      Optometrist $140.10$125.6811.5%
      Doctor $143.23$135.785.5%
      Dentist $123.00$113.298.6%
      Ibuprofen $11.00$10.653.3%
      Lipitor $401.34$468.6014.4%

      Housing

      Item Bethpage National avg. Difference
      Home Price $497,400.00$184,700.00169.3%
      Avg. Mortgage Payment $1,857.27$2,346.6920.9%
      Apartment Rent $2,509.00$949.00164.4%

      Transportation

      Item Bethpage National avg. Difference
      Gasoline $3.33$3.463.7%
      Tire Balancing $57.68$59.923.7%

      Utilities

      Item Bethpage National avg. Difference
      All Electricity $281.67$193.9945.2%
      Phone $185.16$192.253.7%
      Although the cost of living data is updated regularly, this cost of living information is to be used as estimates only as prices can change on an ongoing basis.

      Nearby cities with low cost of living

      City Population Cost of Living Index National Avg.
      Wyandanch, NY11,63212726.6%
      Brentwood, NY62,74313029.8%
      North Bay Shore, NY19,72813030.2%
      Hempstead, NY55,15313635.8%
      Copiague, NY23,20013332.8%
      Bethpage, NY18,01215959.0%

      Cities with similar population

      City Population Cost of Living Index National Avg.
      Sudley, VA18,01912525.1%
      St. Matthews, KY18,0221099.0%
      Melville, NY17,99217777.1%
      Sycamore, IL17,990973.1%
      Cutlerville, MI17,988928.1%
      Bethpage, NY18,01215959.0%
      Date & Last Updated: This data reflects 2023 and was released from C2ER in January, 2024; this is the most current data available.