F
59%
Overall NAT. AVG.
27%
Goods & Services NAT. AVG.
153%
Housing NAT. AVG.
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Date & Last Updated: This data reflects 2023 and was released from C2ER in January, 2024; this is the most current data available.
The cost of living index is based on a national average of 100. For example, if the cost of living is 90, then it is 10% lower than average. If the cost of living is 110, then it is 10% higher than average. The breakdown for each index is as follows: goods & services (33%), groceries (13%), health care (5%), housing (30%), transportation (9%) and utilities (10%). If the cost of living data was unavailable for this city, estimates based upon nearby cities were used.
Index North Bellmore New York National
Cost of living159117100
Goods & Services127108100
Groceries113102100
Health care121103100
Housing253145100
Transportation115105100
Utilities102100100

An Overview of Cost of Living in North Bellmore, NY

Are you thinking about relocating, but curious about the potential cost of living in North Bellmore? Is it more expensive or more affordable than average? Based on the most recent report, the cost of living in North Bellmore stands at 159, making it 59% higher than the national average. The cost of living directly affects the affordability of one's desired lifestyle. Knowing the cost of housing, transportation, groceries and other essentials in the new area allows people to gauge whether they can maintain their preferred standard of living.

The cost of living in North Bellmore 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, North Bellmore falls into this category, which may not be suitable for those seeking an economically favorable living environment.

Housing costs are a major factor in the North Bellmore cost of living index, and they often eat up a big chunk of your take-home pay. Unfortunately, in this area, housing expenses for both homeownership and rentals were 152.9% higher than what's typical in an average city. That includes the prices of homes and rents, as well as mortgage rates and insurance.

Everyday goods and services make up 33% of the cost of living index and include things like clothing, personal hygiene products and entertainment which are a large portion of your monthly expenditures. Unfortunately, North Bellmore goods and services are 26.8% more expensive than the national average, leaving you with less money at the end of the month.

The substantial and relentless rise in grocery prices definitely warrants some attention. Over the past two years, grocery expenses have escalated by more than 10%. Having said that, the situation in North Bellmore is even less favorable, with grocery prices here being 13.4% higher than the national average.

Is North Bellmore Affordable?

Is North Bellmore affordable? It's a key consideration when pondering a move, as affordability often shapes your choices. The cost of living index (we discussed it earlier), coupled with housing costs and income levels, serves as the cornerstone for determining a location's affordability. Take North Bellmore, for instance, where the median home price falls 170.8% higher than the national average, and monthly rent rates are 111% higher than usual. Additionally, median income levels contribute to the equation, with North Bellmore flaunting a median household income of $150,353, 171.8% higher than the national norm.

What Factors can Influence the Cost of Living in North Bellmore?

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 North Bellmore, the groceries index is 13.4% higher than the national average.

Housing: A sought-after location with high housing demand often leads to increased property values and rental rates, which can significantly inflate the overall cost of living. Conversely, areas with low housing demand, particularly in less desirable locales, tend to experience the opposite effect, causing prices to drop and contributing to a more affordable cost of living. In North Bellmore, the housing index stands at 152.9% higher than the national average.

Transportation: When public transportation options are limited or non-existent, residents frequently resort to vehicle ownership, which can significantly contribute to the overall cost of living. Monthly financial obligations encompass fuel, insurance, regular maintenance and potentially lease or financing expenses. In North Bellmore, the transportation index is 15.2% higher than the national average.

Where is the Data From?

The North Bellmore cost of living data displayed above is derived from the C2ER cost of living index to provide a useful and reasonably accurate measure of living cost differences in urban areas. The index takes into account data from 300 independent researches, covering more than 60 goods and services across 6 different categories, to create an overall index for each area, with 100 being the average. The C2ER index does not include sales or income tax rates in their data, however AreaVibes does include both income and sales tax rates in the overall cost of living score for each area.

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Cost Of Living Quick Facts

  • The cost of living in North Bellmore is 36% higher than the New York average
  • The cost of living in North Bellmore is 59% higher than the national average
  • North Bellmore housing is 153% 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 North Bellmore

30 km
20 mi
North Bellmore Your current location Population: 21,422 F Wyandanch City: 9.4mi / 15.1km away Population: 11,632 F North Amityville City: 6.7mi / 10.8km away Population: 18,890 F Hempstead City: 4.3mi / 7.0km away Population: 55,153 F Roosevelt City: 2.4mi / 3.9km away Population: 16,522 F Freeport City: 3.6mi / 5.7km away Population: 42,993 F South Floral Park City: 8.6mi / 13.8km away Population: 1,752 F New Cassel City: 5.0mi / 8.0km away Population: 15,144 F Copiague City: 7.7mi / 12.4km away Population: 23,200 F Elmont City: 8.8mi / 14.1km away Population: 36,245 F Island Park City: 8.5mi / 13.6km away Population: 4,835 F Valley Stream City: 8.9mi / 14.3km away Population: 37,489 F Uniondale City: 2.8mi / 4.6km away Population: 32,621 F North Valley Stream City: 8.9mi / 14.3km away Population: 18,712 F North Lindenhurst City: 8.1mi / 13.0km away Population: 10,860 F Lindenhurst City: 8.8mi / 14.1km away Population: 26,885 F North Wantagh City: 1.2mi / 1.9km away Population: 11,792 F West Babylon City: 9.6mi / 15.4km away Population: 42,316 F Malverne City: 7.1mi / 11.4km away Population: 8,516 F South Valley Stream City: 9.7mi / 15.6km away Population: 6,519 F Great Neck Plaza City: 11.9mi / 19.1km away Population: 6,980 F Baldwin City: 4.2mi / 6.7km away Population: 32,939 F Bay Park City: 7.9mi / 12.7km away Population: 1,358 F Bellerose Terrace City: 10.0mi / 16.1km away Population: 2,084 F Oceanside City: 6.5mi / 10.5km away Population: 29,850 F Douglastown-Little Neck Neighborhood: 10.8mi / 17.4km away Population: 82,321 F
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Compare North Bellmore, NY Cost of Living

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      Salary Calculator

          This is how much you would need to earn in
          Price difference in compared to
          Cost of living index
          Goods & Services index
          Groceries index
          Health care index
          Housing index
          Transportation index
          Utilities index

          Median Income & Debt-To-Income Ratio

          Median Income Per Year Per Month Max Budget (28% DTI) Max Budget (36% DTI)
          Owners$152,780$12,732$3,565$4,584
          Renters$0$0$0$0
          To approximate the cost of living and the housing affordability in North Bellmore, NY, we can look at the percentage of income that is available to be spent on monthly housing, otherwise known as the debt-to-income ratio (DTI). To stay on the safe side, a consumer should not spend more than 28% of his or her gross income on housing-related expenses and costs and not more than 36% of income on all expenses and debts. Homeowners in North Bellmore have a median income of $152,780. Therefore, the amount that a consumer should spend on housing costs should be no more than $3,565 per month to avoid calamity and poverty. The renters in the city have an income of about $0, which would make their monthly maximum allowable rental costs $0.

          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%

          Goods & Services

          Item North Bellmore National avg. Difference
          Haircut $34.94$24.2644.0%
          Beauty Salon $64.07$45.5640.6%
          Toothpaste $3.96$3.707.0%
          Shampoo $1.69$1.2832.3%
          Movie $13.68$12.1312.8%
          Bowling $29.40$18.0063.3%

          Groceries

          Item North Bellmore National avg. Difference
          Ground Beef $5.87$5.840.6%
          Fried Chicken $1.46$1.576.9%
          Milk $4.97$4.676.3%
          Potatoes $5.21$4.935.7%
          Pizza $12.57$12.094.0%
          Beer $11.87$10.4114.0%

          Health Care

          Item North Bellmore National avg. Difference
          Optometrist $128.97$125.682.6%
          Doctor $162.24$135.7819.5%
          Dentist $149.64$113.2932.1%
          Ibuprofen $11.15$10.654.6%
          Lipitor $402.75$468.6014.1%

          Housing

          Item North Bellmore National avg. Difference
          Home Price $500,200.00$184,700.00170.8%
          Avg. Mortgage Payment $6,916.73$2,346.69194.7%
          Apartment Rent $2,002.00$949.00111.0%

          Transportation

          Item North Bellmore National avg. Difference
          Gasoline $3.55$3.462.5%
          Tire Balancing $86.43$59.9244.2%

          Utilities

          Item North Bellmore National avg. Difference
          All Electricity $201.27$193.993.8%
          Phone $200.67$192.254.4%
          Although the cost of living data is updated regularly, this cost of living information is to be used as estimates only as prices can change on an ongoing basis.

          Nearby cities with low cost of living

          City Population Cost of Living Index National Avg.
          Wyandanch, NY11,63212726.6%
          North Bay Shore, NY19,72813030.2%
          Hempstead, NY55,15313635.8%
          Copiague, NY23,20013332.8%
          North Amityville, NY18,89013333.3%
          North Bellmore, NY21,42215959.0%

          Cities with similar population

          City Population Cost of Living Index National Avg.
          Portsmouth, NH21,41814646.2%
          Mukilteo, WA21,41416968.6%
          Duarte, CA21,39915555.4%
          North Plainfield, NJ21,44512020.1%
          Bear, DE21,39711211.9%
          North Bellmore, NY21,42215959.0%
          Date & Last Updated: This data reflects 2023 and was released from C2ER in January, 2024; this is the most current data available.