Cost of Living in Shelter Island, NY
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
254.5
100 = national avg
+154.5 vs national average
Living Wage (1 Adult)
$111,994
per year
Living Wage (Family of 4)
$264,713
per year
Cost Index by Category
Housing400.0
Food148.9
Transportation197.8
Healthcare139.1
Utilities189.3
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 Shelter Island is 254.5, which is 154.5% above the national average. Housing costs are above the national average at an index of 400.0. A single adult needs to earn approximately $111,994 per year to cover basic expenses.