States › New York › Oyster Bay

Is Oyster Bay, NY expensive to live in?

OKRent takes 25 cents of every $1 people earn here.
🏠 Rent per month (2026)$2,45540% higher than U.S. average
💵 Families earn per year (2026)$119,998about $10,000/month · 38% higher than U.S. average
🔑 House price$695,500109% higher than U.S. average

Rent is higher than in 84% of U.S. cities. A typical house costs about 5.8 years of household income.

How much money do I need?

To rent here comfortably, you should earn about $98,200 a year. That is $47 an hour at a full-time job.

Is rent cheaper than other New York cities?

No. Rent here is more expensive than in most of New York. It is number 215 of 343 cities from cheapest to most expensive.

Oyster Bay
$2,455
Carmel
$1,269
Pelham
$3,500+
Cedarhurst
$3,594
East Shoreham
$1,976
Northport
$2,437
Monticello
$1,218

How much do households earn in Oyster Bay?

Under $25k
8.3%
$25k–50k
10.0%
$50k–100k
31.3%
$100k–150k
16.8%
$150k+
24.8%

Share of households by yearly income. 41.6% of households earn $100,000 or more.

Rent by apartment size in Oyster Bay

SizeOyster BayU.S. average
Studio$1,554$1,338
1 bedroom$2,546$1,324
2 bedrooms$2,389$1,509
3 bedrooms$3,274$1,698

Median monthly rent plus utilities for all renters, by number of bedrooms.

How expensive is Oyster Bay overall?

Everyday prices in New York overall are 8% above the U.S. average (index 107.9, U.S. = 100).

Housing
122
Goods (food, clothes…)
107
Utilities
134
Other services
104
U.S. average
100

Source: U.S. Bureau of Economic Analysis, Regional Price Parities 2024. City-level data is not published for Oyster Bay, so the New York figure is shown.

Taxes and bills in Oyster Bay

🏛️ Property tax$10,000+a year · 1.44% of home value · U.S. $3,119
⚡ Electric bill$150a month (typical) · U.S. $156

Life in Oyster Bay

Commute to work26.8 minU.S.: 26.4 min
College degree46.1%U.S.: 35.7%
Own their home58.4%U.S.: 65.2%
Below poverty line7.4%U.S.: 12.5%
Unemployment3.2%U.S.: 5.2%

Is it cheaper to rent or buy in Oyster Bay?

Renting is cheaper right now: about $2,371 a month less.

Renting
$2,455
Owning
$4,826

Owning assumes a typical $695,500 home, 10% down, a 30-year loan at 6.5% and about 1.5% a year for taxes and insurance. You would also need $69,550 for the down payment.

Frequently asked questions

What is the average rent in Oyster Bay, NY?

Renting in Oyster Bay costs a median of about $2,455 a month in 2026, including utilities. The New York median is $2,177.

How much do I need to make to live in Oyster Bay?

To keep rent under 30% of income, you need about $98,200 a year, or $47 an hour at a full-time job.

Is Oyster Bay cheap or expensive?

Oyster Bay is rated OK: rent takes 24.6% of the typical household income of $119,998. It ranks 215th cheapest of 343 New York cities we track.

How much are property taxes in Oyster Bay?

The median homeowner in Oyster Bay pays $10,000+ a year in property taxes, about 1.44% of the median home value.

Is Oyster Bay more expensive than the national average?

Overall prices in New York are 8% above the U.S. average, according to the U.S. Bureau of Economic Analysis.

How much does a house cost in Oyster Bay?

The median home value in Oyster Bay is $695,500, about 5.8 times the typical yearly household income.

7,308 people live in Oyster Bay. Numbers are typical (middle) values.