salaryRent is higher than in 85% of U.S. cities. Household incomes are higher than in 86% of U.S. cities. A typical house costs about 6.1 years of household income, so buying is hard for most locals. Most homes (82.2%) are owned, so rentals can be hard to find.
How much money do I need?
To rent here comfortably, you should earn about $98,720 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 218 of 343 cities from cheapest to most expensive.
How much do households earn in Southold?
Share of households by yearly income. 53.7% of households earn $100,000 or more.
Rent by apartment size in Southold
| Size | Southold | U.S. average |
|---|---|---|
| 1 bedroom | $2,371 | $1,324 |
| 3 bedrooms | $2,486 | $1,698 |
Median monthly rent plus utilities for all renters, by number of bedrooms.
How expensive is Southold overall?
Everyday prices in New York overall are 8% above the U.S. average (index 107.9, U.S. = 100).
Source: U.S. Bureau of Economic Analysis, Regional Price Parities 2024. City-level data is not published for Southold, so the New York figure is shown.
Taxes and bills in Southold
Life in Southold
Is it cheaper to rent or buy in Southold?
Renting is cheaper right now: about $3,393 a month less.
Owning assumes a typical $844,700 home, 10% down, a 30-year loan at 6.5% and about 1.5% a year for taxes and insurance. You would also need $84,470 for the down payment.
Frequently asked questions
What is the average rent in Southold, NY?
Renting in Southold costs a median of about $2,468 a month in 2026, including utilities. The New York median is $2,177.
How much do I need to make to live in Southold?
To keep rent under 30% of income, you need about $98,720 a year, or $47 an hour at a full-time job.
Is Southold cheap or expensive?
Southold is rated OK: rent takes 21.3% of the typical household income of $138,935. It ranks 218th cheapest of 343 New York cities we track.
How much are property taxes in Southold?
The median homeowner in Southold pays $7,964 a year in property taxes, about 0.94% of the median home value.
Is Southold 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 Southold?
The median home value in Southold is $844,700, about 6.1 times the typical yearly household income.
6,397 people live in Southold. Numbers are typical (middle) values.