Cost of Living in Shrub Oak, NY

With a cost of living index of 120, Shrub Oak, NY is a notably expensive place to live. Living here is 20% more expensive than the national average and 8% above the New York state average of 111. Shrub Oak is a small community of 2,770 residents.

Housing costs are the biggest factor in Shrub Oak's cost of living. The median monthly rent is $1,298 (2% below the US median of $1,319), and the median home value sits at $498,800 (64% above the national median of $304,900). At current prices, the median home costs roughly 2.9x the median household income — well within traditional affordability guidelines.

The median household income in Shrub Oak is $170,225, which is 127% higher than the national median of $75,149. Residents spend roughly 9% of household income on rent. This is a comfortable ratio, well below the 30% threshold that financial experts recommend as a maximum. While incomes are above average, they more than offset the higher cost of living.

Climate is another factor for anyone considering a move to Shrub Oak. The area sees an average annual temperature of 49.6°F, with summers averaging 70°F and winters around 30°F. Annual rainfall totals 48 inches spread over roughly 147 days.

Everyday prices in the New York-Newark-Jersey City, NY-NJ (Metropolitan Statistical Area) metro area tend to run above the national average. Out of 6 common grocery and utility items tracked by the Bureau of Labor Statistics, 6 are priced higher 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.