Housing costs in Water Mill?
A typical home costs
$3,617,400, which is 969.9% more expensive than the national average of
$338,100 and 774.6% more expensive than the average New York home, at
$413,600. Renting a two-bedroom unit in Water Mill costs
$3,310 per month, which is 131.5% more than the national average of
$1,430 and 40.8% more than the state average of
$1,960.
Can I afford Water Mill?
To live comfortably in Water Mill, New York, a minimum annual income of
$693,000 for a family, and
$110,400 for a single person is recommended.
What does A.I. say about Water Mill?
Water Mill, NY is an expensive place to live. The median home price in Water Mill is $1,662,600 and the median rent for a two-bedroom apartment is $5,725/month. This makes the cost of living in Water Mill significantly higher than the average for New York State which stands at $152,400 for a home and $1,357/month for an apartment. In addition to this, utilities and groceries tend to be higher here as well due to its location on Long Island. Living in Water Mill certainly comes with a high price tag but many people choose to do so because of its beautiful scenery and close proximity to New York City.