North Bay Shore, NY

Very High · 137

New York · Population 20,501 · Updated March 2026

$1,664
Median Rent / Month
$117,893
Median Income
$449,900
Median Home Value
$2,294
Owner Costs / Month

Affordability

How far your income goes in North Bay Shore

16.9%
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

$19,968
Annual Rent
$12,850
State Income Tax
$7,288
Property Tax (est.)

Cost of Living Overview

North Bay Shore has a significantly higher cost of living than most US cities, driven largely by premium housing costs. With a cost index of 137 (where 100 equals the national median), North Bay Shore residents can expect to pay median rent of $1,664/month while earning a median household income of $117,893/year.

The median home value in North Bay Shore, NY is $449,900, with typical monthly owner costs around $2,294 including mortgage, insurance, and taxes. The median rent-to-income ratio of 16.9% 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 North Bay Shore.

Frequently Asked Questions

Common questions about living costs in North Bay Shore

What is the cost of living in North Bay Shore, NY?
The cost of living index in North Bay Shore, NY is 137 (US average = 100). Median monthly rent is $1,664, median household income is $117,893/year, and the median home value is $449,900.
Is North Bay Shore, NY affordable?
No, North Bay Shore is more expensive than the national average with a cost index of 137. The rent-to-income ratio is 16.9%—below the 30%% threshold considered affordable by HUD.
What is the average rent in North Bay Shore, NY?
The median gross rent in North Bay Shore, NY is $1,664 per month according to the US Census Bureau ACS 2023 data. Annual rent costs approximately $19,968.
What is the median household income in North Bay Shore?
The median household income in North Bay Shore, NY is $117,893 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%.