Cost Of Living in Old Westbury, NY

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F

296%

Overall NAT. AVG.

8%

Groceries NAT. AVG.

963%

Housing NAT. AVG.

Date & Last Updated: These cost of living estimates reflect 2026 modeled data using U.S. Census housing inputs and AI-assisted city-level pricing models.

The cost of living index is based on a national average of 100. For example, if the cost of living score is 90, then the estimated cost of living is 10% lower than the national average. If the score is 110, then the estimated cost of living is 10% higher than average. The overall index is calculated using weighted estimates across major everyday expense categories, including housing (30%), groceries (16%), transportation (12%), healthcare (10%), utilities (8%), lifestyle and entertainment (8%), household expenses (8%), and education and childcare (8%). All values are AI-assisted city-level estimates designed for directional comparisons.
Index	Old Westbury	New York	National
Cost of living	396	121	100
Groceries	108	106	100
Health care	107	110	100
Housing	1,063	144	100
Transportation	114	113	100
Utilities	110	112	100
Lifestyle & Entertainment	110	111	100
Household Items	107	106	100
Education & Childcare	113	118	100

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Homes For Sale In Old Westbury, NY

42 Clock Tower Ln

Old Westbury, NY

Parcel Lot 19 A 05630 Applegreen Dr

Old Westbury, NY

8 Marietta Dr

Westbury, NY

14 Greentree Cir

Westbury, NY

Cost Of Living Quick Facts

The cost of living in Old Westbury is 228% higher than the New York average
The cost of living in Old Westbury is 296% higher than the national average
Old Westbury housing is 963% higher than the national average
New York general sales tax is 22% lower than the national average
New York state income tax is 54% higher than the national average

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Price difference in compared to

Cost of living index
Groceries index
Health care index
Housing index
Transportation index
Utilities index
Lifestyle index
Household index
Educare index

Median Income & Debt-To-Income Ratio

Median Income	Per Year	Per Month	Max Budget (28% DTI)	Max Budget (36% DTI)
Owners	$328,527	$27,377	$7,665	$9,857
Renters	$359,170	$29,931	$8,380	$10,776

A good way to judge both the affordability of the housing and the cost of living in Old Westbury is by simply calculating the maximum that should be spent on housing, otherwise known as the debt-to-income ratio (DTI). The plan is to avoid spending more than 28 percent of the gross income on costs that pertain to housing and no more than 36 percent on all expenses and debts. Old Westbury has a median income of about $328,527 for people who own homes. Based on that number, a maximum of $7,665 should be spent on expenses related to housing. Renters have a slightly different median income, which is $359,170. Based on this average, renters should spend no more than $8,380 on all rental costs if they want to maintain a non-impoverished standard of living.

New York Sales Tax

State	General Sales Tax	With Max Surtax
New York	4%	8.875%

New York Income Tax

State	Income Tax (Low)	Income Tax (High)
New York	4%	10.9%

Nearby cities with low cost of living

City	Population	Cost of Living Index	National Avg.
Greenville CDP (Greene County), NY	616	106	6.1%
Wyandanch, NY	11,925	125	25.1%
Hempstead, NY	56,908	131	30.5%
North Lindenhurst, NY	11,096	131	30.8%
Copiague, NY	23,901	131	31.3%
Old Westbury, NY	4,784	396	295.8%

Cities with similar population

City	Population	Cost of Living Index	National Avg.
Central Frontenac, ON	4,783	n/a
Pleasant View, TN	4,781	108	7.7%
La Grange, TX	4,780	97	3.2%
Flora, IL	4,788	82	17.5%
North Kansas City, MO	4,788	94	5.9%
Old Westbury, NY	4,784	396	295.8%