Bay Shore, NY

Very High · 144

New York · Population 31,275 · Updated March 2026

$1,907
Median Rent / Month
$101,695
Median Income
$467,800
Median Home Value
$2,203
Owner Costs / Month

Affordability

How far your income goes in Bay Shore

22.5%
Rent-to-Income Ratio
Affordable
Rent takes less than 25% of median income — considered affordable by HUD standards.

Tax Burden in New York

State-level tax rates that affect your costs

10.9%
Income Tax (Top Rate)
4.0%
Sales Tax
1.62%
Property Tax Rate

Estimated Annual Costs

$22,884
Annual Rent
$11,085
State Income Tax
$7,578
Property Tax (est.)

Cost of Living Overview

Bay Shore has a significantly higher cost of living than most US cities, driven largely by premium housing costs. With a cost index of 144 (where 100 equals the national median), Bay Shore residents can expect to pay median rent of $1,907/month while earning a median household income of $101,695/year.

The median home value in Bay Shore, NY is $467,800, with typical monthly owner costs around $2,203 including mortgage, insurance, and taxes. The median rent-to-income ratio of 22.5% means housing is relatively affordable here — well below the 30% threshold that HUD considers cost-burdened.

New York's top income tax rate of 10.9% is among the highest in the nation, adding to the overall cost burden. Combined with a 4.0% sales tax rate and 1.62% effective property tax rate, the overall tax environment is a factor in the total cost of living in Bay Shore.

Frequently Asked Questions

Common questions about living costs in Bay Shore

What is the cost of living in Bay Shore, NY?
The cost of living index in Bay Shore, NY is 144 (US average = 100). Median monthly rent is $1,907, median household income is $101,695/year, and the median home value is $467,800.
Is Bay Shore, NY affordable?
No, Bay Shore is more expensive than the national average with a cost index of 144. The rent-to-income ratio is 22.5%—below the 30%% threshold considered affordable by HUD.
What is the average rent in Bay Shore, NY?
The median gross rent in Bay Shore, NY is $1,907 per month according to the US Census Bureau ACS 2023 data. Annual rent costs approximately $22,884.
What is the median household income in Bay Shore?
The median household income in Bay Shore, NY is $101,695 per year. This compares to the national median of approximately $80,000.
What are the taxes like in New York?
New York has a top income tax rate of 10.9%, a sales tax of 4.0%, and an effective property tax rate of 1.62%.