Smithtown, NY vs Troy, NY

The cost of living difference between Smithtown, NY and Troy, NY is dramatic. Troy is 77.2% cheaper than Smithtown, a gap that translates to thousands of dollars per year in household expenses. Smithtown has a cost index of 150 while Troy sits at 85, making this one of the more striking comparisons on our site. Relocating between these cities would require a serious reassessment of budget and lifestyle expectations.

On the housing front, median rent in Smithtown is $1,851/month compared to $1,134/month in Troy — a 63% difference. Home values follow the same pattern: Troy is more affordable at $192,500 median vs $661,400.

Median household income in Smithtown is $148,852 compared to $57,688 in Troy (+158%). 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 Smithtown spend roughly 14.9% of their income on rent, less than the 23.6% in Troy.