Shelter Island, NY vs Southold, NY

Shelter Island, NY and Southold, NY have a very similar cost of living, with only a 3% difference in their overall index. Shelter Island scores 163 while Southold scores 168 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.

When it comes to buying, median home values in Shelter Island are $1,019,000 compared to $762,900 in Southold, a 34% gap.

Median household income in Shelter Island is $129,410 compared to $114,743 in Southold (+12.8%). Shelter Island offers a double advantage: higher earnings combined with a lower cost of living, giving residents significantly more purchasing power.