Housing costs in Southampton?
A typical home costs
$1,211,200, which is 258.2% more expensive than the national average of
$338,100 and 192.8% more expensive than the average New York home, at
$413,600. Renting a two-bedroom unit in Southampton costs
$2,360 per month, which is 65.0% more than the national average of
$1,430 and 16.9% more than the state average of
$1,960.
Can I afford Southampton?
To live comfortably in Southampton, New York, a minimum annual income of
$232,200 for a family, and
$78,800 for a single person is recommended.
What does A.I. say about Southampton?
Southampton is an affluent village located within Suffolk County on Long Island's East End. This area has an incredibly high cost of living due to its desirable location right off the beach and close proximity to upscale restaurants and stores; it has one of the highest median home values anywhere in New York State at around $599,400. Similarly, gross rent prices average roughly $1,755 per month - almost double what they averaged six years ago according to recent estimates from Zillow . Additionally taxes are among some of the highest in the region with a combined tax rate for all businesses operating within Southampton being 7%.