This Long Island hamlet is the most expensive place to live in New York | Real Estate Market Insights

If you thought Westchester was the most expensive place to live in New York state, assume again.

A new study has listed the Empire State suburbs with the highest price of residing for necessities — and 15 of the top 20 are on Long Island.

GOBankingRates decided the priciest locations by analyzing the month-to-month price of necessities: mortgage funds, groceries, utilities, healthcare, and transportation.

The company compiled data from sources including the US Census American Community Survey, the Bureau of Labor Statistics, and the 2023 Consumer Expenditure Survey to succeed in their findings.

Sands Point, the tiny, tony waterfront village on Long Island, was decided to be the most expensive city to live in in New York state.

Sands Point is home to many “Great Gatsby”-esque shortline mansions. The village was decided to be New York’s most expensive city Facebook/Sands Point Preserve Conservancy

There, the average month-to-month price of requirements per 30 days tops a staggering $17,400, including a mortgage compensation of $14,787.

The average price of a Sands Point property is available in at a cool $2.98 million.

Nearby Old Westbury was discovered to be the second most expensive place to live in the Empire State, with month-to-month expenditures on necessities totalling $15,889.

Meanwhile, Muttontown, a small, swanky village with a population of just 3,500, got here in third.

The Westchester burb with the highest price for month-to-month requirements was decided to be Larchmont. The waterfront suburb got here in eighth spot, just behind Southampton and Montauk.

The Westchester burb with the highest price for month-to-month requirements was decided to be Larchmont. Bloomberg through Getty Images

Bronxville, Armonk, Chappaqua, and Pelham have been the 4 other Westchester cities on the top 20 record.

In each of those expensive locations, the price of necessities comes out to more than $9,000 per 30 days.

The full GOBankingRates study is here.

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