F
70%
Overall NAT. AVG.
13%
Goods & Services NAT. AVG.
203%
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 Huntington New York National
Cost of living170117100
Goods & Services113108100
Groceries105102100
Health care110103100
Housing303145100
Transportation102105100
Utilities131100100

An Overview of Cost of Living in Huntington, NY

Knowing the cost of living in Huntington 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 Huntington stands at 170, marking it 70% higher than the national average.

If you prioritize affordability when seeking a new place to live, Huntington 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, Huntington falls into this category, which may not align with your preferences for a budget-friendly living environment.

When it comes to the cost of living in Huntington, housing costs are a real heavyweight, often hogging a significant chunk of your earnings. Sadly, in this area, housing expenses for both buying and renting were 203.4% more expensive compared to your average city. That means you'll be shelling out more for homes, rents, mortgage rates and insurance.

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 Huntington, these items will cost you 12.9% more than what most folks pay, making it a bit more expensive to live here.

Is Huntington Affordable?

Is Huntington 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 Huntington, for instance, where the median home price falls 242.8% higher than the national average, and monthly rent rates are 111.4% higher than usual. Additionally, median income levels contribute to the equation, with Huntington flaunting a median household income of $131,989, 138.6% higher than the national norm.

What Factors can Influence the Cost of Living in Huntington?

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 Huntington, the housing index stands at 203.4% higher than the national average.

Subsidies: Certain cities or states may implement government subsidies or assistance programs with the goal of alleviating the cost of living pressures on their residents. These programs encompass a broad spectrum of support mechanisms, including Medicare, Medicaid, housing subsidies, low-income home energy assistance programs, school lunch programs, supplemental nutrition assistance programs, student loans, electric vehicle tax credits, affordable care act subsidies and farming subsidies. Areas offering fewer subsidies may experience a rise in their cost of living.

Transportation: In situations where public transportation is limited or nonexistent, local residents may be required to own and maintain their own vehicles, contributing to an elevated cost of living. Monthly expenditures may encompass fuel costs, insurance premiums, routine vehicle upkeep and possibly lease or financing payments. In Huntington, the transportation index is 1.8% higher than the national average.

Where is the Data From?

The Huntington cost of living data displayed above is derived from the C2ER cost of living index to provide a useful and reasonably accurate measure of living cost differences in urban areas. Published on a quarterly basis, it compiles data from more than 300 independent researchers, encompassing over 60 goods and services. These items have been meticulously selected to represent various consumer expenditure categories, in 6 categories. Weightings assigned to cost differentials draw from government survey data tracking spending patterns among professional and executive households. While the C2ER index excludes data on sales or income tax rates, AreaVibes incorporates 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 Huntington is 45% higher than the New York average
  • The cost of living in Huntington is 70% higher than the national average
  • Huntington housing is 203% 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 Huntington

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Compare Huntington, 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$144,292$12,024$3,367$4,329
      Renters$77,245$6,437$1,802$2,318
      To approximate the cost of living and the housing affordability in Huntington, 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 Huntington have a median income of $144,292. Therefore, the amount that a consumer should spend on housing costs should be no more than $3,367 per month to avoid calamity and poverty. The renters in the city have an income of about $77,245, which would make their monthly maximum allowable rental costs $1,802.

      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 Huntington 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 Huntington 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 Huntington 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 Huntington National avg. Difference
      Home Price $633,100.00$184,700.00242.8%
      Avg. Mortgage Payment $1,857.27$2,346.6920.9%
      Apartment Rent $2,006.00$949.00111.4%

      Transportation

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

      Utilities

      Item Huntington 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.
      Stony Brook University, NY8,57411212.4%
      Wyandanch, NY11,63212726.6%
      Central Islip, NY33,59113029.6%
      Brentwood, NY62,74313029.8%
      North Bay Shore, NY19,72813030.2%
      Huntington, NY19,43817069.7%

      Cities with similar population

      City Population Cost of Living Index National Avg.
      Central Falls, RI19,4371044.5%
      Riverview, NB19,441n/a 
      Badger, AK19,43413636.0%
      Lynbrook, NY19,44515555.1%
      Five Corners, WA19,41512525.3%
      Huntington, NY19,43817069.7%
      Date & Last Updated: This data reflects 2023 and was released from C2ER in January, 2024; this is the most current data available.