Malverne, NY vs Smithtown, NY

Malverne, NY and Smithtown, NY have a very similar cost of living, with only a 1.1% difference in their overall index. Malverne scores 148 while Smithtown scores 150 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 Malverne is $1,861/month compared to $1,851/month in Smithtown — a 1% difference. Interestingly, home values tell a different story: while Smithtown has cheaper rent, Malverne actually has lower median home values ($637,300 vs $661,400).

Median household income in Malverne is $146,585 compared to $148,852 in Smithtown (-1.5%). While Smithtown is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Malverne spend roughly 15.2% of their income on rent, more than the 14.9% in Smithtown.