Housing costs in Elmont?
A typical home costs
$569,700, which is 68.5% more expensive than the national average of
$338,100 and 37.7% more expensive than the average New York home, at
$413,600. Renting a two-bedroom unit in Elmont costs
$2,260 per month, which is 58.0% more than the national average of
$1,430 and 13.3% more than the state average of
$1,960.
Can I afford Elmont?
To live comfortably in Elmont, New York, a minimum annual income of
$109,080 for a family, and
$75,600 for a single person is recommended.
What does A.I. say about Elmont?
The cost of living in Elmont, NY is relatively affordable compared to its surrounding areas. The median home value is around $450,000 and the median rent for a one-bedroom apartment is approximately $1,500 per month. In addition, groceries and utilities are moderate when compared to other parts of Long Island. With a few exceptions, most goods and services are reasonably priced. Furthermore, there are several excellent job opportunities in the area due to its close proximity to New York City as well as a number of large companies located within Elmont's borders. All of these factors make Elmont an attractive place for people looking for a reasonable cost of living without sacrificing quality of life.