| Index | Port Washington | New York | National |
| Cost of living | 195 | 121 | 100 |
| Groceries | 107 | 106 | 100 |
| Health care | 108 | 110 | 100 |
| Housing | 390 | 144 | 100 |
| Transportation | 115 | 113 | 100 |
| Utilities | 112 | 112 | 100 |
| Lifestyle & Entertainment | 111 | 111 | 100 |
| Household Items | 108 | 106 | 100 |
| Education & Childcare | 125 | 118 | 100 |
Getting a feel for the cost of living in Port Washington 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 Port Washington is 195, which is 95% 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.
The cost of living in Port Washington is among the highest in the country, making it a very expensive place to live. Only a small fraction of regions boast a cost of living that is at least 20% higher than the national average, and regrettably, Port Washington falls into this category, which may not be suitable for those seeking an economically favorable living environment.
Housing costs are a very significant part of the Port Washington cost of living index and generally encompass a large percentage of take-home income. Unfortunately, in this area, the housing costs for both homes and rentals were 290.4% more than the average city. This includes things like home and rent prices, mortgage rates and insurance.
The real experts on a city are its residents. That's why we reached out to 7 locals to get their views on the cost of living in Port Washington. We surveyed the residents and asked them if they felt like prices were affordable or out of reach. The results were as follows. 57% found it budget-friendly with decreasing prices, while 43% said it's simply not affordable as prices have continued to rise.
Is Port Washington 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 Port Washington, the median home price is 376.2% higher than the national average and monthly rent prices are 90.4% higher than the typical rates. Additionally, the median income levels play a role in affordability, with Port Washington boasting a median household income of $226,427, 178.4% higher than the national average.
Subsidies: Some areas might offer government subsidies or assistance programs that help lower cost of living for residents. These programs can include anything from Medicare, Medicaid, housing subsidies, low-income home energy assistance programs, school lunch programs, supplemental nutrition assistance programs, student loans, electric vehicle tax credits, affordable care act subsidies and crop subsidies. Areas that offer less subsidies, could see an increase in their cost of living.
Utilities: Much like any other costs, utility expenses can exhibit considerable variations, influenced by factors such as climate, available energy sources, geographic location and state regulations. The costs associated with electricity, water, heating, and waste disposal can vary significantly depending on the city or state in question. In Port Washington, the utilities index stands at 12.2% higher than the national average.
Groceries: Over the past 2-3 years, grocery expenses have experienced substantial upward trends. In certain markets, food prices have surged by over 20% during this period, while others have witnessed more modest increases. These fluctuations in food costs can wield significant influence over the overall cost of living in a given region. In Port Washington, the groceries index is 7.3% higher than the national average.
The Port Washington cost of living data above is designed around a U.S. average baseline of 100, allowing for easy comparisons of relative living costs. Housing incorporates U.S. Census home price and rental data, while all other figures are AI-assisted estimates that account for regional price trends, climate, transportation dynamics, and common everyday expenses. These values are best used as directional city-to-city comparisons.
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| Groceries index | |
| Health care index | |
| Housing index | |
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| Utilities index | |
| Lifestyle index | |
| Household index | |
| Educare index |
| Median Income | Per Year | Per Month | Max Budget (28% DTI) | Max Budget (36% DTI) |
| Owners | $285,044 | $23,754 | $6,651 | $8,552 |
| Renters | $96,622 | $8,052 | $2,254 | $2,899 |
| 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. |
| Greenville CDP (Greene County), NY | 616 | 106 | 6.1% |
| Hempstead, NY | 56,908 | 131 | 30.5% |
| Hartsdale, NY | 3,308 | 134 | 33.7% |
| Copiague, NY | 23,901 | 131 | 31.3% |
| Roslyn, NY | 2,998 | 132 | 32.2% |
| Port Washington, NY | 16,824 | 195 | 95.3% |
| City | Population | Cost of Living Index | National Avg. |
| Gainesville, VA | 16,819 | 150 | 49.5% |
| Brunswick, GA | 16,817 | 88 | 11.6% |
| Cañon City, CO | 16,810 | 103 | 2.7% |
| Shelbyville, KY | 16,838 | 97 | 2.5% |
| Red Wing, MN | 16,808 | 99 | 1.1% |
| Port Washington, NY | 16,824 | 195 | 95.3% |
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