Farmingville, NY

Very High · 162

New York · Population 16,605 · Updated March 2026

$2,475
Median Rent / Month
$129,920
Median Income
$444,300
Median Home Value
$2,402
Owner Costs / Month

Affordability

How far your income goes in Farmingville

22.9%
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

$29,700
Annual Rent
$14,161
State Income Tax
$7,198
Property Tax (est.)

Cost of Living Overview

Farmingville has a significantly higher cost of living than most US cities, driven largely by premium housing costs. With a cost index of 162 (where 100 equals the national median), Farmingville residents can expect to pay median rent of $2,475/month while earning a median household income of $129,920/year.

The median home value in Farmingville, NY is $444,300, with typical monthly owner costs around $2,402 including mortgage, insurance, and taxes. The median rent-to-income ratio of 22.9% 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 Farmingville.

Frequently Asked Questions

Common questions about living costs in Farmingville

What is the cost of living in Farmingville, NY?
The cost of living index in Farmingville, NY is 162 (US average = 100). Median monthly rent is $2,475, median household income is $129,920/year, and the median home value is $444,300.
Is Farmingville, NY affordable?
No, Farmingville is more expensive than the national average with a cost index of 162. The rent-to-income ratio is 22.9%—below the 30%% threshold considered affordable by HUD.
What is the average rent in Farmingville, NY?
The median gross rent in Farmingville, NY is $2,475 per month according to the US Census Bureau ACS 2023 data. Annual rent costs approximately $29,700.
What is the median household income in Farmingville?
The median household income in Farmingville, NY is $129,920 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%.