F
46%
Overall NAT. AVG.
13%
Goods & Services NAT. AVG.
125%
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 Setauket-East Setauket New York National
Cost of living146117100
Goods & Services113108100
Groceries105102100
Health care110103100
Housing225145100
Transportation102105100
Utilities131100100

An Overview of Cost of Living in Setauket-East Setauket, NY

Are you thinking about relocating, but curious about the potential cost of living in Setauket-East Setauket? Is it more expensive or more affordable than average? Based on the most recent report, the cost of living in Setauket-East Setauket stands at 146, making it 46% higher than the national average. The cost of living directly affects the affordability of one's desired lifestyle. Knowing the cost of housing, transportation, groceries and other essentials in the new area allows people to gauge whether they can maintain their preferred standard of living.

The cost of living in Setauket-East Setauket 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, Setauket-East Setauket falls into this category, which may not be suitable for those seeking an economically favorable living environment.

Housing costs are a very significant part of the Setauket-East Setauket 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 125% more than the average city. This includes things like home and rent prices, mortgage rates and insurance.

Everyday goods and services make up 33% of the cost of living index and include things like clothing, personal hygiene products and entertainment which are a large portion of your monthly expenditures. Unfortunately, Setauket-East Setauket goods and services are 12.9% more expensive than the national average, leaving you with less money at the end of the month.

Is Setauket-East Setauket Affordable?

Wondering if Setauket-East Setauket 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 Setauket-East Setauket, for example, the median home price is 148.3% higher than what folks pay nationally, and monthly rent is 70.5% higher than the usual rates. Plus, income levels matter too, with Setauket-East Setauket boasting a median household income of $131,827, which is 138.3% higher than the national average.

What Factors can Influence the Cost of Living in Setauket-East Setauket?

Groceries: The costs associated with groceries have witnessed substantial increases over the past 2-3 years. In select markets, food prices have escalated by more than 20% during this timeframe, whereas others have seen more restrained upticks. The variances in food expenses can exert a considerable influence on the overall cost of living in a given locale. In Setauket-East Setauket, the groceries index is 5.4% higher than the national average.

Subsidies: Certain regions may provide government subsidies or assistance initiatives designed to alleviate the cost of living burden on their residents. These programs encompass a wide range of support mechanisms, such as 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 with fewer subsidy offerings might experience an elevation in their cost of living.

Healthcare: The costs associated with healthcare and insurance premiums can exhibit notable disparities based on the city or state of residence. Access to healthcare facilities, out-of-pocket expenses for medical appointments, dental care charges, prescription medication costs and specialized medical care expenses all contribute to variations in the cost of living. In Setauket-East Setauket, healthcare costs are 9.9% higher than the national average.

Where is the Data From?

The Setauket-East Setauket 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 Setauket-East Setauket is 25% higher than the New York average
  • The cost of living in Setauket-East Setauket is 46% higher than the national average
  • Setauket-East Setauket housing is 125% 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 Setauket-East Setauket

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Compare Setauket-East Setauket, 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$137,042$11,420$3,197$4,112
      Renters$62,391$5,199$1,456$1,872
      A good indicator of the general affordability of housing in Setauket-East Setauket, NY, is the percentage of monthly income that should be spent on housing expenses, otherwise known as the debt-to-income ratio (DTI). Generally speaking, no more than 28 percent of your total gross income should be spent on your housing expenses and not more than 36 percent of your gross income on total expenses, including debts. In Setauket-East Setauket, the median monthly income is $137,042 for those who own their own homes. Under the standard rule, that income level would allow for $3,197 to be budgeted for housing expenses each month, at the most. Renters, on the other hand, earn about $62,391, per the median income in the area. That would allow for renters to spend up to $1,456 on monthly rental expenses.

      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 Setauket-East Setauket 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 Setauket-East Setauket 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 Setauket-East Setauket 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 Setauket-East Setauket National avg. Difference
      Home Price $458,700.00$184,700.00148.3%
      Avg. Mortgage Payment $1,857.27$2,346.6920.9%
      Apartment Rent $1,618.00$949.0070.5%

      Transportation

      Item Setauket-East Setauket National avg. Difference
      Gasoline $3.33$3.463.7%
      Tire Balancing $57.68$59.923.7%

      Utilities

      Item Setauket-East Setauket 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%
      Mastic Beach, NY15,61012120.8%
      Middle Island, NY11,03012424.2%
      Wyandanch, NY11,63212726.6%
      Mastic, NY15,06812525.2%
      Setauket-East Setauket, NY14,17414646.2%

      Cities with similar population

      City Population Cost of Living Index National Avg.
      Hockessin, DE14,17214343.2%
      Fruitville, FL14,17811717.0%
      Pineville, LA14,179909.5%
      Williamstown, NJ14,1611055.4%
      Greendale, WI14,1601055.4%
      Setauket-East Setauket, NY14,17414646.2%
      Date & Last Updated: This data reflects 2023 and was released from C2ER in January, 2024; this is the most current data available.