If you thought Westchester was the most expensive place to live in New York state, think again.
A new study has listed the Empire State suburbs with the highest cost of living for essentials — and 15 of the top 20 are on Long Island.
GOBankingRates determined the priciest places by analyzing the monthly cost of essentials: mortgage payments, groceries, utilities, healthcare, and transportation.
The company compiled data from sources including the US Census American Community Survey, the Bureau of Labor Statistics, and the 2023 Consumer Expenditure Survey to reach their findings.
Sands Point, the tiny, tony waterfront village on Long Island, was determined to be the most expensive town to live in in New York state.
There, the average monthly cost of necessities per month tops a staggering $17,400, including a mortgage repayment of $14,787.
The average price of a Sands Point property comes in at a cool $2.98 million.
Nearby Old Westbury was found to be the second most expensive place to live in the Empire State, with monthly expenditures on essentials totalling $15,889.
Meanwhile, Muttontown, a small, swanky village with a population of just 3,500, came in third.
The Westchester burb with the highest cost for monthly necessities was determined to be Larchmont. The waterfront suburb came in eighth spot, just behind Southampton and Montauk.
Bronxville, Armonk, Chappaqua, and Pelham were the four other Westchester towns on the top 20 list.
In each of those pricey places, the cost of essentials comes out to more than $9,000 per month.
The full GOBankingRates study is here.
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