Jericho, NY Cost Of Living
Cost Of Living In Jericho, NY Summary
Cost of living in Jericho 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 Jericho 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 Jericho is 183, with 100 being the average.
The cost of living index in Jericho is 1.8x higher than the national average.
Jericho ranks as the #323 cheapest in New York out of 340.
Jericho ranks as the #6,230 cheapest out of 6,412 in the US.
The median home value in Jericho is $826,400.
The median income in Jericho is $157,132.
Table Of Contents
Jericho's Overall Cost Of Living
Higher Than The National Average
What is the cost of living in Jericho, NY?
According to the most recent data on the cost of living, Jericho has an overall cost of living index of 183, which is 1.8x higher than the national index of 100.
Compared to New York, Jericho has a cost of living index that's 1.5x higher than New York's index of 126.
The standard of living in Jericho ranks as #323 most affordable out of the 340 places we measured in New York. By definition, that implies Jericho ranks as the #17 most expensive place in the Empire State.
For more reading on life in Jericho, check out:
- Living In Jericho
- Search Homes For Sale In Jericho, NY
In New York
In America
Jericho Cost Of Living Vs. New York
Six factors go into calculating the cost of living index in Jericho. Here is how it fairs on each of the criteria:
The Services index in Jericho is 123.
The Groceries index in Jericho is 106.
The Health index in Jericho is 115.
The Housing index in Jericho is 324.
The Transportation index in Jericho is 117.
The Utilities index in Jericho is 132.
| Living Expense | Jericho | New York | National Average | |
|---|---|---|---|---|
| Overall | 183 | 126 | 100 | |
| Services | 123 | 110 | 100 | |
| Groceries | 106 | 104 | 100 | |
| Health | 115 | 105 | 100 | |
| Housing | 324 | 175 | 100 | |
| Transportation | 117 | 107 | 100 | |
| Utilities | 132 | 102 | 100 | |
Jericho, 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 Jericho is $826,400.
The Median Rent in Jericho is $2,639.
The Median Income in Jericho is $157,132.
The Home Value To Income in Jericho is 5.3x.
The Rent To Monthly Income in Jericho is 0.2x.
| Statistic | Jericho | New York | United States |
|---|---|---|---|
| Median Home Value | $826,400 | $340,600 | $244,900 |
| Median Rent | $2,639 | $1,390 | $1,163 |
| Median Income | $157,132 | $75,157 | $69,021 |
| Home Value To Income | 5.3x | 4.5x | 3.5x |
| Rent To Monthly Income | 0.2x | 0.22x | 0.2x |
Median Home Value
Median Rent
Median Income
Jericho, NY Costs By Category
Detailed Jericho Services Costs Vs. New York
Detailed Jericho Groceries Costs Vs. New York
Detailed Jericho Health Costs Vs. New York
Detailed Jericho Transportation Costs Vs. New York
Detailed Jericho Utilities Costs Vs. New York
Jericho SnackAbility
/10
Cost Of Living In Cities Around Jericho
The cost of living varies in the cities and towns around Jericho. Here's a quick look at the cost of living in the most populous nearby places:
Levittown, NY has a cost of living index of 140, 0.8x Jericho.
Hicksville, NY has a cost of living index of 147, 0.8x Jericho.
Plainview, NY has a cost of living index of 155, 0.8x Jericho.
| City | Population | Cost Of Living | Vs. Jericho |
|---|---|---|---|
| Levittown, NY | 52,540 | 140 | 0.8x |
| Hicksville, NY | 43,107 | 147 | 0.8x |
| Plainview, NY | 26,665 | 155 | 0.8x |
| Massapequa, NY | 22,249 | 163 | 0.9x |
| Merrick, NY | 20,990 | 172 | 0.9x |
| Syosset, NY | 19,347 | 177 | 1.0x |
| Bethpage, NY | 17,627 | 147 | 0.8x |
| Woodmere, NY | 17,267 | 176 | 1.0x |
| Massapequa Park, NY | 17,149 | 157 | 0.9x |
| New Cassel, NY | 15,841 | 134 | 0.7x |
