Housing costs in Riverhead?
A typical home costs
$650,100, which is 92.3% more expensive than the national average of
$338,100 and 57.2% more expensive than the average New York home, at
$413,600. Renting a two-bedroom unit in Riverhead costs
$2,380 per month, which is 66.4% more than the national average of
$1,430 and 17.6% more than the state average of
$1,960.
Can I afford Riverhead?
To live comfortably in Riverhead, New York, a minimum annual income of
$124,560 for a family, and
$79,200 for a single person is recommended.
What does A.I. say about Riverhead?
The cost of living in Riverhead, NY is generally considered to be affordable. The median home value in the city is $245,500, which is lower than the national average of $274,600. Renters can expect to pay an average of $1,608 per month for a one-bedroom apartment. Groceries and other essentials are also reasonably priced compared to many other areas of New York State. Overall, Riverhead provides an excellent quality of life at a reasonable cost.