Larchmont, NY vs Melville, NY

Larchmont, NY and Melville, NY have a very similar cost of living, with only a 1.9% difference in their overall index. Larchmont scores 213 while Melville scores 209 on the cost of living index, where 100 represents the national average. The day-to-day expenses for residents in both cities are comparable, though differences emerge when looking at specific categories.

On the housing front, median rent in Larchmont is $1,990/month compared to $3,501/month in Melville — a 43% difference. Interestingly, home values tell a different story: while Larchmont has cheaper rent, Melville actually has lower median home values ($778,400 vs $1,384,700).

Median household income in Larchmont is $160,526 compared to $155,675 in Melville (+3.1%). While Larchmont is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Larchmont spend roughly 14.9% of their income on rent, less than the 27% in Melville.

Climate-wise, both cities share similar average temperatures (52°F vs 53.4°F). Larchmont receives more rainfall at 47.8" per year compared to 38.3" in Melville.