Cost of Living in Islip Terrace, NY
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
236.7
100 = national avg
+136.7 vs national average
Living Wage (1 Adult)
$104,161
per year
Living Wage (Family of 4)
$246,198
per year
Cost Index by Category
Housing303.5
Food169.0
Transportation238.1
Healthcare155.2
Utilities182.1
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 Islip Terrace is 236.7, which is 136.7% above the national average. Housing costs are above the national average at an index of 303.5. A single adult needs to earn approximately $104,161 per year to cover basic expenses.