Beacon, NY Cost Of Living
Cost Of Living In Beacon, NY Summary
Cost of living in Beacon research summary. The cost of living index is set to 100 for the average place in the United States. A cost of living index above 100 means Beacon is expensive. An index value below 100 means the city is a relatively cheap place to live.
On a city-by-city basis in New York, home prices and rent have the biggest impact on the cost of living. Here are the key takeaways based on Saturday Night Science:
The cost of living index in Beacon is 120, with 100 being the average.
The cost of living index in Beacon is 1.2x higher than the national average.
Beacon ranks as the #122 cheapest in New York out of 340.
Beacon ranks as the #4,798 cheapest out of 6,412 in the US.
The median home value in Beacon is $342,200.
The median income in Beacon is $92,676.
Table Of Contents
Beacon's Overall Cost Of Living
Higher Than The National Average
What is the cost of living in Beacon, NY?
According to the most recent data on the cost of living, Beacon has an overall cost of living index of 120, which is 1.2x higher than the national index of 100.
Compared to New York, Beacon has a cost of living index that's 1.0x lower than New York's index of 126.
The standard of living in Beacon ranks as #122 most affordable out of the 340 places we measured in New York. By definition, that implies Beacon ranks as the #218 most expensive place in the Empire State.
For more reading on life in Beacon, check out:
- Living In Beacon
- Beacon Crime Report
- Search Homes For Sale In Beacon, NY
In New York
In America
Beacon Cost Of Living Vs. New York
Six factors go into calculating the cost of living index in Beacon. Here is how it fairs on each of the criteria:
The Services index in Beacon is 124.
The Groceries index in Beacon is 108.
The Health index in Beacon is 117.
The Housing index in Beacon is 128.
The Transportation index in Beacon is 117.
The Utilities index in Beacon is 132.
| Living Expense | Beacon | New York | National Average | |
|---|---|---|---|---|
| Overall | 120 | 126 | 100 | |
| Services | 124 | 110 | 100 | |
| Groceries | 108 | 104 | 100 | |
| Health | 117 | 105 | 100 | |
| Housing | 128 | 175 | 100 | |
| Transportation | 117 | 107 | 100 | |
| Utilities | 132 | 102 | 100 | |
Beacon, NY Housing Cost Breakdown
Housing swings affordability the most between places in New York, so we broke down housing costs into more detail. Home and income data comes from the most recent US Census ACS 2017-2021. The key points are:
The Median Home Value in Beacon is $342,200.
The Median Rent in Beacon is $1,367.
The Median Income in Beacon is $92,676.
The Home Value To Income in Beacon is 3.7x.
The Rent To Monthly Income in Beacon is 0.18x.
| Statistic | Beacon | New York | United States |
|---|---|---|---|
| Median Home Value | $342,200 | $340,600 | $244,900 |
| Median Rent | $1,367 | $1,390 | $1,163 |
| Median Income | $92,676 | $75,157 | $69,021 |
| Home Value To Income | 3.7x | 4.5x | 3.5x |
| Rent To Monthly Income | 0.18x | 0.22x | 0.2x |
Median Home Value
Median Rent
Median Income
Beacon, NY Costs By Category
Detailed Beacon Services Costs Vs. New York
Detailed Beacon Groceries Costs Vs. New York
Detailed Beacon Health Costs Vs. New York
Detailed Beacon Transportation Costs Vs. New York
Detailed Beacon Utilities Costs Vs. New York
Beacon SnackAbility
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Cost Of Living In Cities Around Beacon
The cost of living varies in the cities and towns around Beacon. Here's a quick look at the cost of living in the most populous nearby places:
Newburgh, NY has a cost of living index of 115, 1.0x Beacon.
Peekskill, NY has a cost of living index of 129, 1.1x Beacon.
Jefferson Valley-Yorktown, NY has a cost of living index of 146, 1.2x Beacon.
| City | Population | Cost Of Living | Vs. Beacon |
|---|---|---|---|
| Newburgh, NY | 28,834 | 115 | 1.0x |
| Peekskill, NY | 25,304 | 129 | 1.1x |
| Jefferson Valley-Yorktown, NY | 14,168 | 146 | 1.2x |
| Stony Point, NY | 12,389 | 137 | 1.1x |
| Myers Corner, NY | 10,427 | 132 | 1.1x |
| Monroe, NY | 9,392 | 133 | 1.1x |
| Woodbury, NY | 9,111 | 131 | 1.1x |
| New Windsor, NY | 8,693 | 121 | 1.0x |
| Mahopac, NY | 8,573 | 139 | 1.2x |
| Lake Carmel, NY | 7,854 | 129 | 1.1x |
