South Farmingdale, NY

Very High · 187

New York · Population 14,953 · Updated March 2026

$2,642
Median Rent / Month
$162,527
Median Income
$584,400
Median Home Value
$2,722
Owner Costs / Month

Affordability

How far your income goes in South Farmingdale

19.5%
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

$31,704
Annual Rent
$17,715
State Income Tax
$9,467
Property Tax (est.)

Cost of Living Overview

South Farmingdale has a significantly higher cost of living than most US cities, driven largely by premium housing costs. With a cost index of 187 (where 100 equals the national median), South Farmingdale residents can expect to pay median rent of $2,642/month while earning a median household income of $162,527/year.

The median home value in South Farmingdale, NY is $584,400, with typical monthly owner costs around $2,722 including mortgage, insurance, and taxes. The median rent-to-income ratio of 19.5% 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 South Farmingdale.

Frequently Asked Questions

Common questions about living costs in South Farmingdale

What is the cost of living in South Farmingdale, NY?
The cost of living index in South Farmingdale, NY is 187 (US average = 100). Median monthly rent is $2,642, median household income is $162,527/year, and the median home value is $584,400.
Is South Farmingdale, NY affordable?
No, South Farmingdale is more expensive than the national average with a cost index of 187. The rent-to-income ratio is 19.5%—below the 30%% threshold considered affordable by HUD.
What is the average rent in South Farmingdale, NY?
The median gross rent in South Farmingdale, NY is $2,642 per month according to the US Census Bureau ACS 2023 data. Annual rent costs approximately $31,704.
What is the median household income in South Farmingdale?
The median household income in South Farmingdale, NY is $162,527 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%.