| Index | Babylon | New York | National |
| Cost of living | 152 | 121 | 100 |
| Groceries | 104 | 106 | 100 |
| Health care | 110 | 110 | 100 |
| Housing | 251 | 144 | 100 |
| Transportation | 113 | 113 | 100 |
| Utilities | 110 | 112 | 100 |
| Lifestyle & Entertainment | 114 | 111 | 100 |
| Household Items | 105 | 106 | 100 |
| Education & Childcare | 113 | 118 | 100 |
Getting a feel for the cost of living in Babylon is essential for anyone planning to relocate, as it empowers them to make informed financial decisions, secure a comfortable lifestyle and maintain financial stability in their new environment. The cost of living in Babylon is 152, which is 52% higher than the national average. Relocating individuals may need to adjust their savings and investment strategies based on the cost of living in the new location. It influences decisions about retirement planning, investments and financial goals.
If affordability is among your top priorities when searching for a new place to live, this area may not be the ideal fit, as the cost of living in Babylon is among the most expensive in the United States. Just a minority of areas exhibit a cost of living at least 20% higher than the national average, and unfortunately, Babylon falls into this category, which may not align with your goal of finding a budget-friendly living environment.
Housing costs make up a big chunk of the cost of living in Babylon, and they usually eat into a large part of your take-home pay. Unfortunately, in this area, both buying a home and renting one costs 151% more than the average city. This includes stuff like home prices, rent, mortgage rates, and insurance.
Is Babylon affordable? This is a pivotal question, especially when mulling over a move, as affordability carries substantial weight in your decision-making process. Factors such as the cost of living index (discussed earlier), housing expenses and income levels all contribute to a location's affordability. For instance, in Babylon, the median home price is 162.6% higher than the national average and monthly rent prices are 123.8% higher than the typical rates. Additionally, the median income levels play a role in affordability, with Babylon boasting a median household income of $192,284, 136.4% higher than the national average.
Utilities: Similar to the prices of any goods or services, utility expenses can fluctuate widely, contingent on variables such as climate, available energy sources, geographical location and state regulations. Costs associated with electricity, water, heating, and waste disposal can differ in magnitude, depending on the specific city or state. In Babylon, the utilities index registers at 9.8% higher than the national average.
Healthcare: Healthcare expenditures and insurance premium rates can vary significantly, contingent upon the particular city or state. Factors such as the accessibility of healthcare facilities, out-of-pocket expenses for doctor's appointments, dental care charges, prescription medication costs, and expenses related to specialized medical care can all have an impact on the overall cost of living. In Babylon, healthcare costs are 9.8% higher than the national average.
Transportation: In areas where public transportation is scarce or unavailable, residents often find themselves compelled to own and upkeep vehicles, thereby increasing the overall cost of living. Monthly expenses encompass fuel, insurance, routine maintenance and potentially lease or financing payments. In Babylon, the transportation index is 13.1% higher than the national average.
The cost of living data for Babylon shown above is based on a U.S. average baseline score of 100, making it easier to compare how far your dollar may go from one city to another. Housing uses U.S. Census home price and rental data, while all remaining values are AI-assisted estimates informed by regional pricing, climate, transportation dynamics, and local economic factors. These scores are best used for directional comparisons between cities.
| Cost of living index | |
| Groceries index | |
| Health care index | |
| Housing index | |
| Transportation index | |
| Utilities index | |
| Lifestyle index | |
| Household index | |
| Educare index |
| Median Income | Per Year | Per Month | Max Budget (28% DTI) | Max Budget (36% DTI) |
| Owners | $193,233 | $16,103 | $4,508 | $5,798 |
| Renters | $128,053 | $10,671 | $2,988 | $3,842 |
| State | General Sales Tax | With Max Surtax |
| New York | 4% | 8.875% |
| State | Income Tax (Low) | Income Tax (High) |
| New York | 4% | 10.9% |
| City | Population | Cost of Living Index | National Avg. |
| Stony Brook University, NY | 8,775 | 110 | 9.6% |
| Ocean Beach, NY | 32 | 110 | 9.6% |
| Saltaire, NY | 26 | 110 | 9.6% |
| Wyandanch, NY | 11,925 | 125 | 25.1% |
| Central Islip, NY | 34,526 | 128 | 28.1% |
| Babylon, NY | 12,378 | 152 | 51.8% |
| City | Population | Cost of Living Index | National Avg. |
| Neosho, MO | 12,375 | 84 | 15.8% |
| Somersworth, NH | 12,381 | 108 | 8.5% |
| Rossmoor, CA | 12,384 | 226 | 126.0% |
| Sidney, BC | 12,386 | n/a | |
| Clawson, MI | 12,368 | 99 | 0.9% |
| Babylon, NY | 12,378 | 152 | 51.8% |
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