Cost of Living in Farmingdale, NY
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
219.2
100 = national avg
+119.2 vs national average
Living Wage (1 Adult)
$96,439
per year
Living Wage (Family of 4)
$227,947
per year
Cost Index by Category
Housing295.9
Food152.4
Transportation204.9
Healthcare142.0
Utilities170.7
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$2,379
per month
2 Bedroom
$2,747
per month
The overall cost of living index in Farmingdale is 219.2, which is 119.2% above the national average. Housing costs are above the national average at an index of 295.9. A single adult needs to earn approximately $96,439 per year to cover basic expenses.