Housing costs in Montauk?
A typical home costs
$1,572,900, which is 365.2% more expensive than the national average of
$338,100 and 280.3% more expensive than the average New York home, at
$413,600. Renting a two-bedroom unit in Montauk costs
$2,980 per month, which is 108.4% more than the national average of
$1,430 and 34.2% more than the state average of
$1,960.
Can I afford Montauk?
To live comfortably in Montauk, New York, a minimum annual income of
$301,320 for a family, and
$99,200 for a single person is recommended.
What does A.I. say about Montauk?
The cost of living in Montauk, NY is generally higher than the national average. The median home value is around $916,000, while the median monthly rent is approximately $2,500. Groceries and other goods tend to be more expensive than in other parts of the country due to the exclusivity of the area. Additionally, transportation costs can be more expensive when compared to other areas since there are fewer public transport options available. However, many people choose to live in Montauk due to its beautiful scenery and many recreational activities available despite the high cost of living.