Miller Place, NY

Very High · 150

New York · Population 11,743 · Updated March 2026

$1,222
Median Rent / Month
$141,938
Median Income
$588,100
Median Home Value
$2,875
Owner Costs / Month

Affordability

How far your income goes in Miller Place

10.3%
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

$14,664
Annual Rent
$15,471
State Income Tax
$9,527
Property Tax (est.)

Cost of Living Overview

Miller Place has a significantly higher cost of living than most US cities, driven largely by premium housing costs. With a cost index of 150 (where 100 equals the national median), Miller Place residents can expect to pay median rent of $1,222/month while earning a median household income of $141,938/year.

The median home value in Miller Place, NY is $588,100, with typical monthly owner costs around $2,875 including mortgage, insurance, and taxes. The median rent-to-income ratio of 10.3% 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 Miller Place.

Frequently Asked Questions

Common questions about living costs in Miller Place

What is the cost of living in Miller Place, NY?
The cost of living index in Miller Place, NY is 150 (US average = 100). Median monthly rent is $1,222, median household income is $141,938/year, and the median home value is $588,100.
Is Miller Place, NY affordable?
No, Miller Place is more expensive than the national average with a cost index of 150. The rent-to-income ratio is 10.3%—below the 30%% threshold considered affordable by HUD.
What is the average rent in Miller Place, NY?
The median gross rent in Miller Place, NY is $1,222 per month according to the US Census Bureau ACS 2023 data. Annual rent costs approximately $14,664.
What is the median household income in Miller Place?
The median household income in Miller Place, NY is $141,938 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%.