Locust Valley, NY vs Sleepy Hollow, NY

Sleepy Hollow is moderately more affordable than Locust Valley, with a 9.4% lower cost of living index. Locust Valley scores 172 compared to 157 for Sleepy Hollow, where the US average is 100. This difference means residents of Locust Valley can expect to pay noticeably more for everyday expenses, housing, and services.

On the housing front, median rent in Locust Valley is $2,274/month compared to $1,836/month in Sleepy Hollow — a 24% difference. Home values follow the same pattern: Sleepy Hollow is more affordable at $756,700 median vs $775,200.

Median household income in Locust Valley is $137,344 compared to $101,652 in Sleepy Hollow (+35.1%). While Locust Valley is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Locust Valley spend roughly 19.9% of their income on rent, less than the 21.7% in Sleepy Hollow.