Housing costs in Shoreham?
A typical home costs
$595,900, which is 76.2% more expensive than the national average of
$338,100 and 44.1% more expensive than the average New York home, at
$413,600. Renting a two-bedroom unit in Shoreham costs
$2,940 per month, which is 105.6% more than the national average of
$1,430 and 33.3% more than the state average of
$1,960.
Can I afford Shoreham?
To live comfortably in Shoreham, New York, a minimum annual income of
$114,120 for a family, and
$98,000 for a single person is recommended.
What does A.I. say about Shoreham?
The cost of living in Shoreham, NY is quite reasonable. According to a survey conducted by the Economic Policy Institute, the average cost of goods and services for a family of four in Shoreham is $83,129 annually. This amount is below the national average and much lower than nearby cities such as New York City and Long Island. The housing market is also quite affordable with an average home price of around $190,000. Renters will find that the median rental costs are very reasonable too, making Shoreham an attractive place to live. Additionally, residents have access to excellent transportation options including the Long Island Rail Road which makes commuting easy and convenient.