Housing costs in Shelter Island?
A typical home costs
$1,238,500, which is 266.3% more expensive than the national average of
$338,100 and 199.4% more expensive than the average New York home, at
$413,600. Renting a two-bedroom unit in Shelter Island costs
$2,790 per month, which is 95.1% more than the national average of
$1,430 and 29.7% more than the state average of
$1,960.
Can I afford Shelter Island?
To live comfortably in Shelter Island (zip 11964), New York, a minimum annual income of
$237,240 for a family, and
$93,200 for a single person is recommended.
What does A.I. say about Shelter Island?
The cost of living in 11964 Shelter Island, NY is higher than most places in the United States. With housing prices that are far above the national average, it can be difficult for many to afford to live here. The median home price is $1,146,500 which leaves out a lot of potential buyers on a limited budget. Additionally, grocery prices and other expenses tend to be pricey due to the small population base and lack of competition. It's important to consider these factors when deciding whether or not Shelter Island is right for you as it can be an expensive place to call home.