Melville, NY

Very High · 232

New York · Population 19,187 · Updated March 2026

$3,501
Median Rent / Month
$155,675
Median Income
$778,400
Median Home Value
$2,638
Owner Costs / Month

Affordability

How far your income goes in Melville

27.0%
Rent-to-Income Ratio
Moderate
Rent takes 25-35% of median income — moderate affordability.

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

$42,012
Annual Rent
$16,969
State Income Tax
$12,610
Property Tax (est.)

Cost of Living Overview

Melville has a significantly higher cost of living than most US cities, driven largely by premium housing costs. With a cost index of 232 (where 100 equals the national median), Melville residents can expect to pay median rent of $3,501/month while earning a median household income of $155,675/year.

The median home value in Melville, NY is $778,400, with typical monthly owner costs around $2,638 including mortgage, insurance, and taxes. With a rent-to-income ratio of 27.0%, Melville falls within the generally affordable range, though it's approaching the 30% burden threshold.

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 Melville.

Frequently Asked Questions

Common questions about living costs in Melville

What is the cost of living in Melville, NY?
The cost of living index in Melville, NY is 232 (US average = 100). Median monthly rent is $3,501, median household income is $155,675/year, and the median home value is $778,400.
Is Melville, NY affordable?
No, Melville is more expensive than the national average with a cost index of 232. The rent-to-income ratio is 27.0%—below the 30%% threshold considered affordable by HUD.
What is the average rent in Melville, NY?
The median gross rent in Melville, NY is $3,501 per month according to the US Census Bureau ACS 2023 data. Annual rent costs approximately $42,012.
What is the median household income in Melville?
The median household income in Melville, NY is $155,675 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%.