Cost of Living in Nassau, NY

With a cost of living index of 81, Nassau, NY is a very affordable place to live. Living here is 19% cheaper than the national average and 30% below the New York state average of 111. Nassau is a small community of 1,138 residents.

Housing costs are the biggest factor in Nassau's cost of living. The median monthly rent is $920 (30% below the US median of $1,319), and the median home value sits at $229,000 (25% below the national median of $304,900). At current prices, the median home costs roughly 2.8x the median household income — well within traditional affordability guidelines.

The median household income in Nassau is $81,359, which is 8% higher than the national median of $75,149. Residents spend roughly 14% of household income on rent. This is a comfortable ratio, well below the 30% threshold that financial experts recommend as a maximum.

Climate is another factor for anyone considering a move to Nassau. The area sees an average annual temperature of 46.1°F, with summers averaging 67°F and winters around 25°F. Annual rainfall totals 44.2 inches spread over roughly 161 days. Cold winters mean higher heating bills, an important cost-of-living consideration.

Everyday prices in the Albany-Schenectady-Troy, NY (Metropolitan Statistical Area) metro area are generally below the national average. Out of 6 common items tracked by the Bureau of Labor Statistics, 5 are priced lower than the US average. These real-world prices — from groceries to electricity — add up and should be factored into any cost of living comparison.

Data sources: US Census Bureau (ACS 2023), Zillow Home Values, HUD Fair Market Rents, BEA Regional Price Parities, BLS Average Prices, and NOAA Climate Normals. Updated monthly.