Housing costs in Montauk?
A typical home costs
$1,633,100, which is 383.0% more expensive than the national average of
$338,100 and 294.9% more expensive than the average New York home, at
$413,600. Renting a two-bedroom unit in Montauk costs
$3,090 per month, which is 57.7% more than the national average of
$1,960 and 29.8% more than the state average of
$2,170.
Can I afford Montauk?
To live comfortably in Montauk (zip 11954), New York, a minimum annual income of
$312,840 for a family, and
$102,800 for a single person is recommended.
What does A.I. say about Montauk?
11954 Montauk, NY is an expensive place to live. The median home price in 2019 was $966,500, which is well above the national average of $228,700. The cost of living index in Montauk is 146.3 compared to the US average of 100. This means that goods and services are 46% more expensive than the national average. Renting a one-bedroom apartment can range from $1,200-$2,500 per month. Groceries are also relatively expensive with staples such as bread costing much more than other parts of the country. Despite the high cost of living in Montauk, it remains a desirable location for many due to its stunning beaches and vibrant community.