F
55%
Overall NAT. AVG.
27%
Goods & Services NAT. AVG.
140%
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 Oceanside New York National
Cost of living155117100
Goods & Services127108100
Groceries113102100
Health care121103100
Housing240145100
Transportation115105100
Utilities102100100

An Overview of Cost of Living in Oceanside, NY

Understanding the cost of living in Oceanside can help future residents assess whether their current financial situation aligns with the expenses they will encounter. It enables them to plan for potential changes in their budget and lifestyle. The Oceanside cost of living index is 155, which is 55% higher than the national average. The cost of living index is calculated by taking into account multiple categories, which encompass both the cost of everyday expenditures and larger expenses as well.

If you prioritize affordability when seeking a new place to live, Oceanside may not be your ideal choice, as it ranks among the most expensive locations in the entire United States. A very small amount of areas exhibit a cost of living at least 20% higher than the national average, and unfortunately, Oceanside falls into this category, which may not align with your preferences for a budget-friendly living environment.

Housing costs significantly influence the Oceanside cost of living index, typically accounting for a substantial portion of one's post-tax income. Regrettably, within this particular region, expenses related to both residential ownership and renting exceeded those observed in an average city by 140.3%. This entails elements such as housing and rental prices, mortgage interest rates and insurance costs.

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, Oceanside goods and services are 26.8% more expensive than the national average, leaving you with less money at the end of the month.

The cost of groceries continues to rise at an alarming rate. Over the last two years, grocery prices have increased by more than 10%! Unfortunately, in Oceanside, the news isn't any better as grocery prices are 13.4% higher than the national average.

Is Oceanside Affordable?

Is Oceanside an affordable place to live? It's a good question and one that you might want to ask when considering any new city, as affordability can play a huge role in the decision making process. The cost of living index (which we covered above), as well as housing costs and income levels play a vital role in determining the affordability of an area. The median home price in Oceanside is 165.6% higher than the national average, while the average monthly rent prices are 81.3% higher than average. The affordability of any location can also be influenced by median income levels. Oceanside has a median household income of $116,619, which is 110.8% higher than the national average.

What Factors can Influence the Cost of Living in Oceanside?

Utilities: Similar to the prices of any other goods or services, utility expenditures can exhibit substantial variability, influenced by factors such as climate, energy sources accessibility, geographical location and state regulations. Costs related to electricity, water, heating, and waste disposal can fluctuate, whether higher or lower, contingent on the city or state. In Oceanside, the utilities index is 1.7% higher than the national average.

Groceries: Grocery expenditures have undergone notable escalation over the last 2-3 years. In some markets, the cost of food products has surged by more than 20%, while others have experienced only modest increments. These fluctuations in food costs can have a significant impact on the overall cost of living in any region. In Oceanside, the groceries index registers 13.4% higher than the national average.

Housing: High demand for housing in desirable locations can drive up property prices and rental rates. This can be a primary contributor to a higher cost of living. While low demand for housing, especially in undesirable locations, can have the reverse effect and drive prices down, resulting in a lower cost of living. The housing index in Oceanside, is 140.3% higher than the national average.

Where is the Data From?

The Oceanside 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 Oceanside is 33% higher than the New York average
  • The cost of living in Oceanside is 55% higher than the national average
  • Oceanside housing is 140% 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 Oceanside

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Compare Oceanside, 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$126,533$10,544$2,952$3,796
      Renters$43,768$3,647$1,021$1,313
      The percentage of monthly income spent on housing related expenses can help predict the affordability of housing in Oceanside, 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 Oceanside, homeowners have a median income of $126,533. Using that number, a maximum of $2,952 per month should be allocated to housing expenses. For those who are renting instead of owning, the median income is $43,768, which means there is a maximum of $1,021 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%

      Goods & Services

      Item Oceanside 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 Oceanside 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 Oceanside 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 Oceanside National avg. Difference
      Home Price $490,600.00$184,700.00165.6%
      Avg. Mortgage Payment $6,916.73$2,346.69194.7%
      Apartment Rent $1,721.00$949.0081.3%

      Transportation

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

      Utilities

      Item Oceanside 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%
      Hempstead, NY55,15313635.8%
      Copiague, NY23,20013332.8%
      North Amityville, NY18,89013333.3%
      North Lindenhurst, NY10,86013433.6%
      Oceanside, NY29,85015555.2%

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      City Population Cost of Living Index National Avg.
      Greenville, MS29,8547822.1%
      Cornelius, NC29,83612121.4%
      Texarkana, AR29,8648910.6%
      Chamblee, GA29,87411615.7%
      Morristown, TN29,8878514.9%
      Oceanside, NY29,85015555.2%
      Date & Last Updated: This data reflects 2023 and was released from C2ER in January, 2024; this is the most current data available.