F
40%
Overall NAT. AVG.
27%
Goods & Services NAT. AVG.
89%
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 Freeport New York National
Cost of living140117100
Goods & Services127108100
Groceries113102100
Health care121103100
Housing189145100
Transportation115105100
Utilities102100100

An Overview of Cost of Living in Freeport, NY

Knowing the cost of living in Freeport allows individuals to create a realistic budget. This helps them understand how their income will cover expenses and whether they need to make financial adjustments. The cost of living in any region can fluctuate due to various factors. To assess the cost of living consistently across different areas, a national average of 100 serves as the basis for the cost of living index. The cost of living in Freeport stands at 140, marking it 40% higher than the national average.

If you're in pursuit of an economical living environment, Freeport may not fit the bill, as it ranks among the most expensive places to reside in the United States. Just a minority of regions exhibit a cost of living that is more than 20% higher than the national average, and, unfortunately, Freeport falls within this bracket.

Housing costs significantly influence the Freeport cost of living index, typically accounting for a substantial portion of one's post-tax income. Regrettably, within this particular region, expenses related to both residential ownership and renting exceeded those observed in an average city by 89.4%. This entails elements such as housing and rental prices, mortgage interest rates and insurance costs.

Recurring goods and services expenses like haircuts, toothpaste, gym memberships and movie nights are a big part of your spending and make up 33% of the cost of living index. In Freeport, these items will cost you 26.8% more than what most folks pay, making it a bit more expensive to live here.

Groceries are getting more expensive by the day and the cost of groceries makes up 13% of the overall cost of living index. In the past two years, prices have shot up by over 10%! Unfortunately, in Freeport, it's the same story – grocery costs are 13.4% higher than what people pay across the country.

Is Freeport Affordable?

Wondering if Freeport is affordable? It's a question that often comes up when you're thinking about a new city since affordability can really shape your decisions. The cost of living index (covered earlier), housing expenses and income levels all play a part in the affordability equation. In Freeport, for example, the median home price is 95.5% higher than what folks pay nationally, and monthly rent is 75.2% higher than the usual rates. Plus, income levels matter too, with Freeport boasting a median household income of $85,540, which is 54.6% higher than the national average.

What Factors can Influence the Cost of Living in Freeport?

Healthcare: Healthcare costs and insurance premiums can fluctuate greatly based on the city or state. Access to healthcare facilities, out-of-pocket expenses for doctor\’s visits, dentist costs, medication costs and specialized care costs can all impact the cost of living. In Freeport, the healthcare costs are 20.6% higher than the national average.

Transportation: In cities with limited or no public transportation, residents may find it necessary to own and maintain vehicles, thereby elevating the cost of living. Monthly expenditures include fuel, insurance, routine maintenance and potential lease or financing commitments. In Freeport, the transportation index stands at 15.2% higher than the national average.

Housing: A sought-after location with high housing demand often leads to increased property values and rental rates, which can significantly inflate the overall cost of living. Conversely, areas with low housing demand, particularly in less desirable locales, tend to experience the opposite effect, causing prices to drop and contributing to a more affordable cost of living. In Freeport, the housing index stands at 89.4% higher than the national average.

Where is the Data From?

The Freeport cost of living data you see above is sourced from the C2ER cost of living index, providing a practical and accurate means of comparing living expenses in urban areas. Updated quarterly, this index gathers data from over 300 independent researchers, covering more than 60 goods and services, in 6 different categories. These selections are made meticulously to represent a wide range of consumer expenditure categories. The weightings applied to cost differences are based on government survey data that tracks spending patterns among professional and executive households. It's important to note that while the C2ER index excludes data on sales or income tax rates, AreaVibes factors tax rates into the overall cost of living score for each region.

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Cost Of Living Quick Facts

  • The cost of living in Freeport is 20% higher than the New York average
  • The cost of living in Freeport is 40% higher than the national average
  • Freeport housing is 89% 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 Freeport

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Compare Freeport, NY Cost of Living

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      Salary Calculator

      This is how much you would need to earn in
      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$104,485$8,707$2,438$3,135
      Renters$56,775$4,731$1,325$1,703
      To approximate the cost of living and the housing affordability in Freeport, NY, we can look at the percentage of income that is available to be spent on monthly housing, otherwise known as the debt-to-income ratio (DTI). To stay on the safe side, a consumer should not spend more than 28% of his or her gross income on housing-related expenses and costs and not more than 36% of income on all expenses and debts. Homeowners in Freeport have a median income of $104,485. Therefore, the amount that a consumer should spend on housing costs should be no more than $2,438 per month to avoid calamity and poverty. The renters in the city have an income of about $56,775, which would make their monthly maximum allowable rental costs $1,325.

      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 Freeport National avg. Difference
      Haircut $34.94$24.2644.0%
      Beauty Salon $64.07$45.5640.6%
      Toothpaste $3.96$3.707.0%
      Shampoo $1.69$1.2832.3%
      Movie $13.68$12.1312.8%
      Bowling $29.40$18.0063.3%

      Groceries

      Item Freeport National avg. Difference
      Ground Beef $5.87$5.840.6%
      Fried Chicken $1.46$1.576.9%
      Milk $4.97$4.676.3%
      Potatoes $5.21$4.935.7%
      Pizza $12.57$12.094.0%
      Beer $11.87$10.4114.0%

      Health Care

      Item Freeport National avg. Difference
      Optometrist $128.97$125.682.6%
      Doctor $162.24$135.7819.5%
      Dentist $149.64$113.2932.1%
      Ibuprofen $11.15$10.654.6%
      Lipitor $402.75$468.6014.1%

      Housing

      Item Freeport National avg. Difference
      Home Price $361,000.00$184,700.0095.5%
      Avg. Mortgage Payment $6,916.73$2,346.69194.7%
      Apartment Rent $1,663.00$949.0075.2%

      Transportation

      Item Freeport National avg. Difference
      Gasoline $3.55$3.462.5%
      Tire Balancing $86.43$59.9244.2%

      Utilities

      Item Freeport National avg. Difference
      All Electricity $201.27$193.993.8%
      Phone $200.67$192.254.4%
      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%
      Hempstead, NY55,15313635.8%
      Copiague, NY23,20013332.8%
      North Amityville, NY18,89013333.3%
      North Lindenhurst, NY10,86013433.6%
      Freeport, NY42,99314039.9%

      Cities with similar population

      City Population Cost of Living Index National Avg.
      DeKalb, IL42,961937.2%
      Altadena, CA43,03718989.1%
      Goose Creek, SC42,9441055.3%
      Fond du Lac, WI42,944918.5%
      Winter Haven, FL42,933964.4%
      Freeport, NY42,99314039.9%
      Date & Last Updated: This data reflects 2023 and was released from C2ER in January, 2024; this is the most current data available.