Cost of Living in Water Mill, NY

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F
253%
Overall NAT. AVG.
4%
Groceries NAT. AVG.
823%
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 Water Mill New York National
Cost of living353121100
Groceries104106100
Health care108110100
Housing923144100
Transportation111113100
Utilities112112100
Lifestyle & Entertainment109111100
Household Items104106100
Education & Childcare115118100
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Homes For Sale In Water Mill, NY

property for sale

11 Bay Ave

Water Mill, NY
property for sale

672 Halsey Ln

Water Mill, NY
property for sale

3 Bridies Path

Southampton, NY
property for sale

450 Seven Ponds Towd Rd

Water Mill, NY

Cost Of Living Quick Facts

  • The cost of living in Water Mill is 193% higher than the New York average
  • The cost of living in Water Mill is 253% higher than the national average
  • Water Mill housing is 823% 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 Water Mill

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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$278,563$23,214$6,499$8,358
      Renters$113,045$9,420$2,638$3,392

      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%
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      Flanders, NY5,27713130.7%
      Aquebogue, NY2,07514949.1%
      Greenport, NY2,11315151.3%
      Water Mill, NY1,911353253.1%

      Cities with similar population

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      Deatsville, AL1,9111021.9%
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      Westhampton Beach, NY1,91118686.1%
      Coupeville, WA1,91112625.9%
      Water Mill, NY1,911353253.1%
      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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