With higher than average median household income, income per capita and lower unemployment rates, this area scores extremely well in the employment category.
Impressive scores in the housing category characterize this area, potentially attributed to the availability of affordable housing, strong appreciation rates and high home values.
According to recent surveys and polls, locals had excellent ratings for walkability to nearby amenities, safety, access to public transit and the overall sense of community in the area.
The majority of amenities will be difficult to reach within a short walk, often requiring residents to use a vehicle or public transportation for access.
Low commute scores could be due to limited access to public transit in this area, as well as longer-than-average work commute times for residents.
This area is known for its high cost of living, which means you should anticipate higher costs for everyday goods and services, housing, groceries, and health care.
Sound Beach, New York is a small-sized city with a population of 7,080 residents. Sound Beach has a population density of 4,326 people per square mile. This would be considered well above the national population density level. According to the most recent Census, 90% of Sound Beach residents are White, 3% American Indian and Alaskan and 2% Asian. An important consideration when living in Sound Beach is the longer-than-average commute times. If you seek a short work commute, this area may not be the best choice for you. The one-way commute time here typically takes 36 minutes, far surpassing the national average of 26 minutes.
Living in Sound Beach can be a great experience for anyone moving to the town. Having said that, in the state of New York, there are many desirable places to live, so choose wisely! When searching for a new neighborhood, several factors play a vital role in determining its suitability. Safety should be a top priority, ensuring a secure environment with low crime rates. Proximity to your workplace or school helps minimize commuting time and allows for a better work-life balance. Availability of essential amenities such as parks, coffee shops, restaurants, grocery stores, and healthcare facilities contributes to convenience and well-being. Access to reliable public transportation options facilitates easy commuting and connectivity. Additionally, considering the sense of community and the overall atmosphere that resonates with your lifestyle and preferences fosters a harmonious living experience. With useful information like amenities, commute, health & safety, education, employment and other key data points, finding the best places to live in Sound Beach and in the areas around Sound Beach is a much easier task.
Sound Beach has a livability score of 69/100 and is ranked #420 in New York and #7,102 in the USA. If we dig down a little deeper into each category within the livability score, we see that Sound Beach has higher than average rankings for the following: crime (B-) and housing (A+). The bad news for Sound Beach, there are some categories for which it does not rank well, this includes: amenities (F) and cost of living (F).
Unemployment rates can vary significantly among cities, impacting job prospects, wage levels and the overall economic health of an area. In Sound Beach, the unemployment rate stands at 2.27%, suggesting increased job opportunities and a heightened demand for workers. This scenario can lead to higher wages, as the demand for employees outpaces job availability. Importantly, a low unemployment rate often signifies a robust and flourishing local economy.
A healthy real estate market serves as a key economic indicator. It could signify overall local economic strength, stability and reflects consumer confidence in the area. Based on multiple factors including: median home and rental prices, appreciation rates and home affordability, Sound Beach has received high marks in the housing category. Based on these calculations, the apartment rental and real estate market appears to be very healthy.
There are many factors that go into deciding if an area is the right fit for your lifestyle. Certain “must haves” like low crime, great schools and nearby amenities are all at the top of most people's lists. But before even considering if those options are attainable, we'll need to know if the real estate in Sound Beach is actually affordable. The median home price for Sound Beach homes is $329,800, which is 15.2% higher than the New York average. If we take a closer look at the affordability of homes in Sound Beach, we’ll see that the home price to income ratio is 3, which is 36.2% lower than the New York average.
Statistic | Sound Beach | New York | National |
Average one way commute | 36min | 33min | 26min |
Workers who drive to work | 78.5% | 53.0% | 76.4% |
Workers who carpool | 7.4% | 6.7% | 9.3% |
Workers who take public transit | 5.5% | 28.0% | 5.1% |
Workers who bicycle | 0.0% | 0.7% | 0.6% |
Workers who walk | 0.4% | 6.3% | 2.8% |
Working from home | 5.4% | 4.0% | 4.6% |