Cost of living is one of the most important factors to consider when moving. It is essential to know what your budget will look like in a new city to make informed decisions about where to live.
Garden City is a beautiful suburb in New York City. It is located in Long Island and is known for its affluence.
This blog post will give you a breakdown of all the expenses you can expect to incur in this city. We will cover everything from rent and utilities to transportation and food costs.
What Is the Average Salary in Garden City, NY?
Garden City, NY, is a hub for business and different types of careers. The average salary in Garden City, NY, is $71,571 annually. This number will fluctuate based on your specific career, but it gives you a general idea of what to expect when looking for jobs in the area.
The average salary of an office manager in Garden City, NY, is $54,500 per year. Paralegals in Garden City, NY, earn an average salary of $57,000 annually. Attorneys in Garden City, NY, earn an average salary of $96,732 per year.
What Is the Cost of Living in Garden City, NY?
Now that we’ve covered salaries, let’s talk about the cost of living in Garden City, NY. The overall cost of living in Garden City is 65% higher than the New York average and 97% higher than the national average. This is due to the community’s desirable location and amenities.
The city also has a very low crime rate (safer than 55% of U.S. cities) and good public schools. Overall, the cost of living in Garden City is $50,477 annually for a single adult, but residents are happy with the trade-off for the community’s amenities.
|Garden City||New York||National|
|Child Care (2 children)||$34,897||$29,889||$15,853|
|Food (single adult)||$3,763||$3,539||$3,240|
How Much Does Renting an Apartment in Garden City, NY Cost?
The average monthly rent for an apartment in Garden City, NY, is $3,272. Rent prices range from $2,710 for a studio to $5,510 for a three-bedroom apartment. Prices can vary depending on the size of the apartment, the location, and the amenities. Studios and one-bedroom apartments are typically less expensive than larger apartments.
Garden City’s central business district apartments are typically more expensive than apartments in other parts of the city. Apartments with private balconies or in-unit laundry machines may also cost more than similar apartments without these features.
When searching for an apartment in Garden City, you must consider your budget and what you are willing to sacrifice to live in your desired location.
How Much Does It Cost to Buy a House in Garden City, NY?
The median home value in Garden City is $932,700. Below are the housing costs in Garden City neighborhoods.
- Mott section of Garden City is a beautiful, highly sought-after neighborhood. The median home value here is between $799,000 and $1.8 million.
- East Garden City is another great neighborhood with a median home value of between $680,000 and $1.2 million.
- Garden City Estates’ median home value is $990,000.
Frequently Asked Questions
How Does the Cost of Living in Garden City Compare with Other Major Cities?
The cost of living in Floral Park is 12.9% lower than in Garden City. This is mainly due to housing costs, which are 29.9% lower in Floral Park.
Other significant factors include transportation costs, which are 2.2% lower in Floral Park. The two cities are evenly matched in terms of utilities and healthcare.
The cost of living in Ridgewood, New Jersey is 12.4% lower than in Garden City. This is primarily due to lower housing costs in Ridgewood, which are 16.0% lower than in Garden City.
Costs for health and utilities are also lower in Ridgewood, by 22.2% and 8.2%, respectively. The only category where Garden City has a slightly lower cost of living is Miscellaneous, which is 0.1% less than Ridgewood.
What Is the Cost of Living Compared to the Average Wage?
The cost of living for a single adult in the city is $50,477. This means that the average person in Garden City, NY needs to earn at least this amount to cover the basic needs of one adult individual.
Comparing this to the average wage in Garden City, NY, which is $71,571, you can see that people living here are able to earn a sufficient amount of income to live comfortably.
What Are Other Cities in the United States Similar to Garden City’s Cost of Living?
In terms of the cost of living, Newton, Massachusetts, is essentially the same as Garden City, according to bestplace.net.
The study found that both cities (Garden City, NY, and Newton, Massachusetts) have comparable housing, transportation, and food. However, there are some slight differences in other areas.
For example, Garden City has slightly higher costs for health and utilities. But overall, the two cities are pretty similar in terms of the cost of living.
So if you’re looking for a city with a similar cost of living to Garden City, Newton is worth considering.
What Are Some Ways to Get More Bang for Your Buck in Garden City?
Garden City is home to a plethora of low-cost businesses. The free attractions in Garden City can help you save money. There are museums, galleries, parks, and playgrounds in Garden City. And most of these are free!
You can also save money by taking advantage of Garden City’s discounts and promotions.
The Bottom Line
I am Guy Etienne, a real estate agent in Garden City, NY. I have been in business for over 30 years because I enjoy seeing the smiles on people after getting them a suitable property based on their stated budget and needs.
Whether you are looking to buy or sell a home, I will work tirelessly to get you the best possible price. I have extensive knowledge of the Garden City real estate market and am familiar with the latest trends.