Housing costs in Oyster Bay?
A typical home costs
$962,900, which is 184.8% more expensive than the national average of
$338,100 and 132.8% more expensive than the average New York home, at
$413,600. Renting a two-bedroom unit in Oyster Bay 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 Oyster Bay?
To live comfortably in Oyster Bay (zip 11771), New York, a minimum annual income of
$184,320 for a family, and
$75,200 for a single person is recommended.
What does A.I. say about Oyster Bay?
Oyster Bay, New York's cost of living is well above average for the US. According to the 2020 Cost of Living Index, Oyster Bay has an overall index score of 153.7, which is higher than the national average of 100. Groceries in particular are more expensive here than they are in most places with an index rating of 113.9. Housing costs also tend to be higher than other parts of the country, making it a pricey place to live overall. Renting or owning a home requires a significant investment, but with its strong culture and sense of community, Oyster Bay can be worth it for those who are able to afford it.