Cost of Living in Farmingdale, NY

Population 8,450 · New York · Data vintage 2023

179
Cost Index
(100 = US avg)
Page updated: · Data vintage: 2023 ACS 5-Year
Sources: Census ACS·BLS·NOAA·EPA·Zillow · Methodology

Under 25,000 residents gives Farmingdale a small-town character that shows up in every data point below — from the commute patterns to the rental inventory. A typical home runs $530,000.

Farmingdale is about 25 miles south of Stamford, the nearest large metro — close enough that regional housing and labor patterns are shaped largely by the larger market. Median home values run roughly 14% lower than Stamford's $614,000.

Cost Overview

Housing 174
Rent 187

Scale: 100 = US national average. Green < 90, Red > 110.

About the Cost of Living in Farmingdale

The median home value in Farmingdale is $530,100 — 74% above the national median of $305,000. Median rent runs $2,460/month, 87% higher than the national median of $1,314/month. The median household income of $134,037/year is 80% higher than the US median of $74,580. The local unemployment rate is 3.9%, below the national average of 4.8%. New York's top state income tax rate is 10.9% and the combined sales tax is 8.5%. The climate averages highs of 61.1°F and lows of 45.9°F. Overall, Farmingdale has a cost of living index of 179 versus the US average of 100, meaning it is 79% more expensive.

🏠 Housing

Median Home Value
$530,100
74% above avg
Zillow Home Value
$706,683
Zillow ZHVI
Median Rent
$2,460/mo
87% above avg
Zillow Rent
$2,741/mo
Zillow ZORI
Price-to-Rent Ratio
18.0x
Favors buying
Property Tax Rate
1.7%
Effective rate

HUD Fair Market Rents by Bedroom

Studio
$965
1 BR
$1,051
2 BR
$1,302
3 BR
$1,619
4 BR
$1,813
Owner-occupied 69.8%
Renter-occupied 30.2%

💰 Estimated Monthly Budget

Rent median rent
$2,460
Groceries national estimate
$400
Utilities local estimate
$88
Transportation local gas prices
$126
Estimated Total $3,074/mo

Estimates based on median data and national averages. Actual costs vary.

🛒 Food & Groceries

National BLS average prices (2023). Local prices may vary.

🥚
Eggs (dozen)
$0.548
🍞
White Bread (lb)
$1.912
🥩
Ground Beef (lb)
$5.61

🚗 Transportation

Avg Commute
35.5 min
31% above avg
Gas Price
$3.145/gal
0% below avg
Work From Home
11.9%

Commute Mode

Drove alone
70.7%
Carpooled
2.8%
Public transit
12.4%
Walked
1.7%
Work from home
11.9%

Utilities

Electricity
$0.176/kWh
0% below avg

📋 Taxes

State Income Tax 10.9%
Total Sales Tax 8.5%
State rate 4.0%
Avg local rate 4.5%
Property Tax 1.7%

💼 Income & Employment

Median Household Income
$134,037
80% above avg
Per Capita Income
$71,479
Unemployment Rate
3.9%
20% below avg
Poverty Rate
5.0%
Labor Force Participation
69.7%

🎓 Education

Bachelor's degree+ 30.1%
Graduate degree 22.9%

👥 Demographics

Median Age 42.8
Male median age 40.7
Female median age 48.7

🌤 Climate

NOAA 1991–2020 Climate Normals

Avg High
61.1°F
Avg Low
45.9°F
Annual Precip
38.3"
20° 38° 55° 73° 90° JFMAMJJASOND High Low Precip
Month JanFebMarAprMayJunJulAugSepOctNovDec
High °F 394148586877838275645344
Low °F 252633425161686760483831
Precip" 2.692.033.463.613.183.453.053.253.663.372.933.60

💨 Air Quality

EPA AQS 2023 — county-level monitoring data

Median AQI 31 — Good
75.3%
Good air days/yr
197
Max AQI recorded
365
PM2.5 days
0
Ozone days

🏫 Schools

NCES CCD 2019 — public school district data

93%
4-Year Graduation Rate
11.7:1
Student-teacher ratio
6
Public schools
5,607
Total enrollment

Frequently Asked Questions

What is the cost of living in Farmingdale, NY?

Farmingdale has a cost index of 179 (100 = national average). It is 79% above the national average.

What is average rent in Farmingdale, NY?

The median gross rent in Farmingdale is $2,460 per month based on 2023 Census data.

What is the average home price in Farmingdale?

The median home value in Farmingdale is $530,100 according to Zillow and Census data.

What is the median income in Farmingdale?

The median household income in Farmingdale is $134,037 per year (2023 ACS 5-year estimates).

What is the sales tax in Farmingdale, NY?

The combined state and local sales tax rate in Farmingdale is 8.5%. The New York state income tax top rate is 10.9%.

Is Farmingdale, NY affordable?

Farmingdale is above average in cost of living, with an index of 179 — about 79% higher than the national average.

What is the weather like in Farmingdale?

Farmingdale has average high temperatures of 61.1°F and average lows of 45.9°F. Annual precipitation is 38.3". Data from NOAA 1991–2020 Climate Normals.

Farmingdale at a Glance

Population
8,450
Median Income
$134,037
Home Value
$530,100
Median Rent
$2,460/mo
Unemployment
3.9%
Avg High Temp
61.1°F
Sales Tax
8.5%
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