Housing costs in Shelter Island?
A typical home costs
$1,458,000, which is 331.2% more expensive than the national average of
$338,100 and 252.5% more expensive than the average New York home, at
$413,600. Renting a two-bedroom unit in Shelter Island costs
$2,610 per month, which is 82.5% more than the national average of
$1,430 and 24.9% more than the state average of
$1,960.
Can I afford Shelter Island?
To live comfortably in Shelter Island, New York, a minimum annual income of
$279,360 for a family, and
$87,200 for a single person is recommended.
What does A.I. say about Shelter Island?
Shelter Island, NY is known for its high cost of living. The median home value in the area is over a million dollars, which reflects the luxury lifestyle and exclusivity of the area. Property taxes are also higher than average, making it difficult for some to afford to live there. Groceries and other everyday items can be quite expensive as well. Despite these obstacles, Shelter Island continues to draw many people who are able to make it their permanent home or summer retreat.