Cost of Living in Southold, NY

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F
63%
Overall NAT. AVG.
4%
Groceries NAT. AVG.
186%
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 Southold New York National
Cost of living163121100
Groceries104106100
Health care112110100
Housing286144100
Transportation109113100
Utilities109112100
Lifestyle & Entertainment115111100
Household Items108106100
Education & Childcare122118100
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Homes For Sale In Southold, NY

property for sale

800 Corey Creek Ln

Southold, NY
property for sale

5045 Main Bayview Rd

Southold, NY
property for sale

790 N Sea Dr

Southold, NY
property for sale

52755 Soundview Ave

Southold, NY

Cost Of Living Quick Facts

  • The cost of living in Southold is 35% higher than the New York average
  • The cost of living in Southold is 63% higher than the national average
  • Southold housing is 186% 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

Most Affordable Places to Live in and Around Southold

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      Salary Calculator

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      Housing index
      Transportation index
      Utilities index
      Lifestyle index
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      Median Income & Debt-To-Income Ratio

      Median Income Per Year Per Month Max Budget (28% DTI) Max Budget (36% DTI)
      Owners$128,485$10,707$2,998$3,855
      Renters$0$0$0$0
      The percentage of monthly income spent on housing related expenses can help predict the affordability of housing in Southold, NY, as well as what the overall cost of living might be. Generally, a good rule to follow is that the debt-to-income (DTI) level you want to maintain is 28 percent or less of your income on your rent or mortgage payments and not more than 36 percent of income on all expenses and debts. In Southold, homeowners have a median income of $128,485. Using that number, a maximum of $2,998 per month should be allocated to housing expenses. For those who are renting instead of owning, the median income is $0, which means there is a maximum of $0 to be spent on the costs of renting a home or apartment.

      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.
      Dering Harbor, NY011010.2%
      Riverside village, NY634936.8%
      Northville village, NY1,0401010.9%
      Clinton, CT3,41811918.9%
      Flanders, NY5,27713130.7%
      Southold, NY6,07516362.9%

      Cities with similar population

      City Population Cost of Living Index National Avg.
      Sainte-Martine, QC6,075n/a 
      Morris Plains, NJ6,07616262.4%
      Littlefield, TX6,0768416.0%
      Kingston, TN6,077945.9%
      Hidden Valley Lake, CA6,07213736.7%
      Southold, NY6,07516362.9%
      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.
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