F
21%
Overall NAT. AVG.
8%
Goods & Services NAT. AVG.
47%
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 Mastic Beach New York National
Cost of living121117100
Goods & Services108108100
Groceries99102100
Health care113103100
Housing147145100
Transportation103105100
Utilities133100100

An Overview of Cost of Living in Mastic Beach, NY

Knowing the cost of living in Mastic Beach 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 Mastic Beach stands at 121, marking it 21% higher than the national average.

The cost of living in Mastic Beach is among the highest in the country, making it a very expensive place to live. Only a small fraction of regions boast a cost of living that is at least 20% higher than the national average, and regrettably, Mastic Beach falls into this category, which may not be suitable for those seeking an economically favorable living environment.

Housing costs significantly influence the Mastic Beach 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 47.1%. This entails elements such as housing and rental prices, mortgage interest rates and insurance costs.

Is Mastic Beach Affordable?

Is Mastic Beach 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 Mastic Beach, for instance, where the median home price falls 31.1% higher than the national average, and monthly rent rates are 84.6% higher than usual. Additionally, median income levels contribute to the equation, with Mastic Beach flaunting a median household income of $84,805, 53.3% higher than the national norm.

What Factors can Influence the Cost of Living in Mastic Beach?

Groceries: Grocery prices have seen substantial hikes in the last 2-3 years, with some markets witnessing food cost increases of over 20% during this period. Conversely, certain markets have experienced only moderate upticks. These variations in food expenses can have a substantial impact on the overall cost of living in any locality. In Mastic Beach, the groceries index is 1% lower than the national average.

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 Mastic Beach, is 47.1% higher than the national average.

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.

Where is the Data From?

The Mastic Beach 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 Mastic Beach is 3% higher than the New York average
  • The cost of living in Mastic Beach is 21% higher than the national average
  • Mastic Beach housing is 47% 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 Mastic Beach

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Compare Mastic Beach, 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$92,255$7,688$2,152$2,768
      Renters$36,250$3,021$846$1,088
      To approximate the cost of living and the housing affordability in Mastic Beach, 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 Mastic Beach have a median income of $92,255. Therefore, the amount that a consumer should spend on housing costs should be no more than $2,152 per month to avoid calamity and poverty. The renters in the city have an income of about $36,250, which would make their monthly maximum allowable rental costs $846.

      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 Mastic Beach National avg. Difference
      Haircut $39.78$24.2664.0%
      Beauty Salon $69.00$45.5651.4%
      Toothpaste $3.86$3.704.2%
      Shampoo $1.47$1.2814.8%
      Movie $15.07$12.1324.2%
      Bowling $24.00$18.0033.3%

      Groceries

      Item Mastic Beach National avg. Difference
      Ground Beef $6.28$5.847.6%
      Fried Chicken $1.59$1.571.4%
      Milk $4.83$4.673.3%
      Potatoes $5.03$4.932.0%
      Pizza $13.21$12.099.3%
      Beer $10.53$10.411.1%

      Health Care

      Item Mastic Beach National avg. Difference
      Optometrist $134.70$125.687.2%
      Doctor $162.26$135.7819.5%
      Dentist $136.03$113.2920.1%
      Ibuprofen $11.26$10.655.7%
      Lipitor $375.63$468.6019.8%

      Housing

      Item Mastic Beach National avg. Difference
      Home Price $242,100.00$184,700.0031.1%
      Avg. Mortgage Payment $3,730.18$2,346.6959.0%
      Apartment Rent $1,752.00$949.0084.6%

      Transportation

      Item Mastic Beach National avg. Difference
      Gasoline $3.47$3.460.2%
      Tire Balancing $63.33$59.925.7%

      Utilities

      Item Mastic Beach National avg. Difference
      All Electricity $296.64$193.9952.9%
      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%
      Riverside village, NY611946.1%
      Northville village, NY1,0181011.3%
      Calverton, NY5,28011818.2%
      Middle Island, NY11,03012424.2%
      Mastic Beach, NY15,61012120.8%

      Cities with similar population

      City Population Cost of Living Index National Avg.
      Wilmington Island, GA15,60711111.3%
      Lakeway, TX15,60514141.0%
      Hermitage, PA15,603955.3%
      Brooks, AB15,617n/a 
      Niceville, FL15,6191088.0%
      Mastic Beach, NY15,61012120.8%
      Date & Last Updated: This data reflects 2023 and was released from C2ER in January, 2024; this is the most current data available.