Cost of Living in Southampton, NY

Population 4,557 · New York · Data vintage 2023

460
Cost Index
(100 = US avg)
Page updated: · Data vintage: 2023 ACS 5-Year
Sources: Census ACS·BLS·NOAA·EPA·Zillow · Methodology

Southampton's housing market is in a category of its own — median home values around $2 million sit roughly 7 times the US figure, reflecting a market driven as much by second-home and resort buyers as by year-round residents. At 10.7%, the local unemployment rate runs well above the US figure, pointing to structural rather than cyclical labor-market issues.

Located 40 miles southeast of New Haven, Southampton falls within that metro's commuting orbit. Median home values run roughly 703% higher than New Haven's $249,000.

Cost Overview

Housing 656
Rent 166

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

About the Cost of Living in Southampton

The median home value in Southampton is $2,000,001 — 556% above the national median of $305,000. Median rent runs $2,180/month, 66% higher than the national median of $1,314/month. The median household income of $177,045/year is 137% higher than the US median of $74,580. The local unemployment rate is 10.7%, above 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 60.0°F and lows of 40.4°F. Overall, Southampton has a cost of living index of 460 versus the US average of 100, meaning it is 360% more expensive.

🏠 Housing

Median Home Value
$2,000,001
556% above avg
Zillow Home Value
$2,151,863
Zillow ZHVI
Median Rent
$2,180/mo
66% above avg
Zillow Rent
$37,026/mo
Zillow ZORI
Price-to-Rent Ratio
76.5x
Favors renting
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 84.6%
Renter-occupied 15.4%

💰 Estimated Monthly Budget

Rent median rent
$2,180
Groceries national estimate
$400
Utilities local estimate
$88
Transportation local gas prices
$126
Estimated Total $2,794/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
23.8 min
12% below avg
Gas Price
$3.145/gal
0% below avg
Work From Home
28.7%

Commute Mode

Drove alone
36.6%
Carpooled
3.2%
Public transit
8.3%
Walked
17.4%
Bicycle
1.1%
Work from home
28.7%

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
$177,045
137% above avg
Per Capita Income
$159,875
Unemployment Rate
10.7%
123% above avg
Poverty Rate
5.2%
Labor Force Participation
59.4%

🎓 Education

Bachelor's degree+ 30.7%
Graduate degree 34.9%

👥 Demographics

Median Age 57.5
Male median age 58
Female median age 57

🌤 Climate

NOAA 1991–2020 Climate Normals

Avg High
60.0°F
Avg Low
40.4°F
Annual Precip
43.5"
20° 38° 55° 73° 90° JFMAMJJASOND High Low Precip
Month JanFebMarAprMayJunJulAugSepOctNovDec
High °F 394047576675818074635345
Low °F 202128364656636154433426
Precip" 3.192.724.283.793.313.502.883.743.754.653.484.17

💨 Air Quality

EPA AQS 2023 — county-level monitoring data

Median AQI 41 — Good
76.2%
Good air days/yr
195
Max AQI recorded
86
PM2.5 days
278
Ozone days

🏫 Schools

NCES CCD 2019 — public school district data

82%
4-Year Graduation Rate
10:1
Student-teacher ratio
4
Public schools
1,831
Total enrollment

Frequently Asked Questions

What is the cost of living in Southampton, NY?

Southampton has a cost index of 460 (100 = national average). It is 360% above the national average.

What is average rent in Southampton, NY?

The median gross rent in Southampton is $2,180 per month based on 2023 Census data.

What is the average home price in Southampton?

The median home value in Southampton is $2,000,001 according to Zillow and Census data.

What is the median income in Southampton?

The median household income in Southampton is $177,045 per year (2023 ACS 5-year estimates).

What is the sales tax in Southampton, NY?

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

Is Southampton, NY affordable?

Southampton is above average in cost of living, with an index of 460 — about 360% higher than the national average.

What is the weather like in Southampton?

Southampton has average high temperatures of 60.0°F and average lows of 40.4°F. Annual precipitation is 43.5". Data from NOAA 1991–2020 Climate Normals.

Southampton at a Glance

Population
4,557
Median Income
$177,045
Home Value
$2,000,001
Median Rent
$2,180/mo
Unemployment
10.7%
Avg High Temp
60.0°F
Sales Tax
8.5%
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