Hampton Bays, NY

Very High · 183

New York · Population 17,138 · Updated March 2026

$2,291
Median Rent / Month
$129,080
Median Income
$688,900
Median Home Value
$2,354
Owner Costs / Month

Affordability

How far your income goes in Hampton Bays

21.3%
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

$27,492
Annual Rent
$14,070
State Income Tax
$11,160
Property Tax (est.)

Cost of Living Overview

Hampton Bays has a significantly higher cost of living than most US cities, driven largely by premium housing costs. With a cost index of 183 (where 100 equals the national median), Hampton Bays residents can expect to pay median rent of $2,291/month while earning a median household income of $129,080/year.

The median home value in Hampton Bays, NY is $688,900, with typical monthly owner costs around $2,354 including mortgage, insurance, and taxes. The median rent-to-income ratio of 21.3% 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 Hampton Bays.

Frequently Asked Questions

Common questions about living costs in Hampton Bays

What is the cost of living in Hampton Bays, NY?
The cost of living index in Hampton Bays, NY is 183 (US average = 100). Median monthly rent is $2,291, median household income is $129,080/year, and the median home value is $688,900.
Is Hampton Bays, NY affordable?
No, Hampton Bays is more expensive than the national average with a cost index of 183. The rent-to-income ratio is 21.3%—below the 30%% threshold considered affordable by HUD.
What is the average rent in Hampton Bays, NY?
The median gross rent in Hampton Bays, NY is $2,291 per month according to the US Census Bureau ACS 2023 data. Annual rent costs approximately $27,492.
What is the median household income in Hampton Bays?
The median household income in Hampton Bays, NY is $129,080 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%.