Housing costs in Southold?
A typical home costs
$1,055,900, which is 212.3% more expensive than the national average of
$338,100 and 155.3% more expensive than the average New York home, at
$413,600. Renting a two-bedroom unit in Southold costs
$2,010 per month, which is 40.6% more than the national average of
$1,430 and 2.5% more than the state average of
$1,960.
Can I afford Southold?
To live comfortably in Southold, New York, a minimum annual income of
$202,320 for a family, and
$66,800 for a single person is recommended.
What does A.I. say about Southold?
The cost of living in Southold, NY is relatively low compared to other cities in the United States. Home prices are very reasonable and are generally lower than other areas in the state. The median home price in Southold is around $375,000, which is much lower than the national average of about $200,000. Additionally, the cost of groceries and other necessities is also quite low considering the area's proximity to larger cities like New York City and Long Island. Overall, Southold provides an affordable way to live close to major metropolitan areas without having to pay excessive prices for housing or everyday items.