Housing costs in Sands Point?
A typical home costs
$2,584,000, which is 664.3% more expensive than the national average of
$338,100 and 524.8% more expensive than the average New York home, at
$413,600. Renting a two-bedroom unit in Sands Point costs
$2,610 per month, which is 82.5% more than the national average of
$1,430 and 24.9% more than the state average of
$1,960.
Can I afford Sands Point?
To live comfortably in Sands Point, New York, a minimum annual income of
$495,000 for a family, and
$86,800 for a single person is recommended.
What does A.I. say about Sands Point?
The cost of living in Sands Point, NY is significantly higher than the national average. According to Money Magazine, the average cost of living index for the city is 150.6 – this means that it is 50.6% more expensive to live in Sands Point than the average US city. Housing costs are especially high with the median home value at $1,100,000 and median rent at $3,000 per month. Other necessary expenses such as utilities, transportation costs, groceries and healthcare also tend to be higher than in other cities. While it may be a challenge to coverliving expenses for those on a budget, many residents point out that it is worth every penny due to the beautiful scenery and proximity to New York City.