Housing costs in Centre Island?
A typical home costs
$1,683,300, which is 397.9% more expensive than the national average of
$338,100 and 307.0% more expensive than the average New York home, at
$413,600. Renting a two-bedroom unit in Centre Island costs
$2,190 per month, which is 53.1% more than the national average of
$1,430 and 10.5% more than the state average of
$1,960.
Can I afford Centre Island?
To live comfortably in Centre Island, New York, a minimum annual income of
$322,560 for a family, and
$73,200 for a single person is recommended.
What does A.I. say about Centre Island?
The cost of living in Centre Island, NY is quite high. According to the Cost of Living Index, the city has an index score of 154.4, well above the national average of 100. Housing costs take up a large portion of this score with the median home value coming in at $1.6 million and rents averaging over $7,000 per month for a two-bedroom apartment. Other costs such as groceries, transportation, health care and utilities are also higher than average due to the island's popularity as a vacation destination for wealthy tourists from all around the world. Despite these high expenses, many people find it worth it to live in Centre Island due to its beautiful scenery and natural attractions.