Cost of Living in Locust Valley, NY
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
232.1
100 = national avg
+132.1 vs national average
Living Wage (1 Adult)
$102,115
per year
Living Wage (Family of 4)
$241,362
per year
Cost Index by Category
Housing324.7
Food155.0
Transportation210.0
Healthcare144.0
Utilities177.9
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 Locust Valley is 232.1, which is 132.1% above the national average. Housing costs are above the national average at an index of 324.7. A single adult needs to earn approximately $102,115 per year to cover basic expenses.