| Index | Smithtown | New York | National |
| Cost of living | 154 | 121 | 100 |
| Groceries | 108 | 106 | 100 |
| Health care | 107 | 110 | 100 |
| Housing | 262 | 144 | 100 |
| Transportation | 109 | 113 | 100 |
| Utilities | 110 | 112 | 100 |
| Lifestyle & Entertainment | 108 | 111 | 100 |
| Household Items | 107 | 106 | 100 |
| Education & Childcare | 112 | 118 | 100 |
The cost of living in Smithtown affects the quality of life one can afford in this new location. It allows people to assess whether they can maintain their preferred lifestyle, including housing, leisure activities and dining options. Your total monthly expenditures can varry depending on the area, as well as many other factors. The cost of living in Smithtown is 154, which is 54% higher than the national average. Knowledge of the cost of living can help individuals make informed decisions about retirement savings, investments, and financial goals.
The cost of living in Smithtown 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, Smithtown falls into this category, which may not be suitable for those seeking an economically favorable living environment.
Housing costs make up a big chunk of the cost of living in Smithtown, 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 161.7% more than the average city. This includes stuff like home prices, rent, mortgage rates, and insurance.
Is Smithtown 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 Smithtown, the median home price is 207.4% higher than the national average and monthly rent prices are 55.1% higher than the typical rates. Additionally, the median income levels play a role in affordability, with Smithtown boasting a median household income of $201,068, 147.2% higher than the national average.
Groceries: Grocery costs have continued to increase significantly over the last 2-3 years. In some markets the cost of food has gone up by more than 20% in that period. While other markets have managed to see only a moderate uptick. These food costs can have a major impact on the cost of living in any area. In Smithtown, the groceries index is 7.8% higher than the national average.
Taxes: Locations with elevated tax rates, encompassing both sales and income taxes, can be a factor in driving up the cost of living. When you're paying more in taxes for everyday household expenses, it naturally translates into higher expenses. Similarly, a higher income tax rate can also contribute to an overall higher cost of living. In Smithtown, the standard sales tax rate starts at 4%, and the income tax rates commence at 4%.
Housing: When there's a high demand for housing in trendy places, it can cause property prices and rental rates to soar, leading to a significantly higher cost of living. Conversely, in less desirable locations, where demand is low, prices tend to decrease, resulting in a more budget-friendly cost of living. In Smithtown, the housing index is 161.7% higher than the national average.
The cost of living data for Smithtown 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.
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| Educare index |
| Median Income | Per Year | Per Month | Max Budget (28% DTI) | Max Budget (36% DTI) |
| Owners | $215,693 | $17,974 | $5,033 | $6,471 |
| Renters | $46,486 | $3,874 | $1,085 | $1,395 |
| 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. |
| Ocean Beach, NY | 32 | 110 | 9.6% |
| Stony Brook University, NY | 8,775 | 110 | 9.6% |
| Middle Island, NY | 11,454 | 124 | 23.6% |
| Wyandanch, NY | 11,925 | 125 | 25.1% |
| Sound Beach, NY | 7,243 | 128 | 27.5% |
| Smithtown, NY | 27,027 | 154 | 54.4% |
| City | Population | Cost of Living Index | National Avg. |
| Sun City West, AZ | 27,025 | 111 | 10.6% |
| East St. Louis, IL | 27,033 | 77 | 22.5% |
| Canyon Lake, TX | 27,035 | 108 | 7.8% |
| Clarksburg, MD | 27,008 | 158 | 57.6% |
| Bessemer, AL | 27,005 | 85 | 15.3% |
| Smithtown, NY | 27,027 | 154 | 54.4% |
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