Cost of Living in Syosset

Syosset, located on Long Island, is known for its high cost of living compared to the national average. Housing prices in Syosset are significantly higher than in many other parts of the country. As of my knowledge cutoff in early 2023, the median home value in Syosset is well above $700,000. For a 3-bedroom home, prices typically range from $600,000 to $800,000, while 4-bedroom homes can range from $700,000 to well over $1 million, depending on the location, size, and condition of the property.

Apartment rentals in Syosset also reflect the high cost of living. A 1-bedroom apartment can cost anywhere from $2,000 to $2,500 per month, while a 2-bedroom apartment can range from $2,500 to $3,500 per month. Apartment purchases are equally expensive, with prices varying widely based on the location, amenities, and size of the unit. It's not uncommon for condos and apartments to sell for anywhere from $400,000 to $800,000 or more.

When it comes to dining out, Syosset offers a variety of restaurants ranging from casual eateries to upscale dining experiences. A meal at an inexpensive restaurant might cost around $15 to $25 per person, while a three-course meal at a mid-range restaurant could be between $50 and $75 per person. For utilities, including electricity, heating, cooling, water, and garbage, residents can expect to pay around $200 to $400 per month, depending on the size of their home and their usage.

Private school tuition in Syosset is another significant expense for families. Preschool costs can vary widely, but on average, you might expect to pay between $10,000 and $20,000 per year. Elementary and middle schools can cost anywhere from $20,000 to $30,000 per year, while private high schools can be even more expensive, with some tuitions reaching upwards of $30,000 to $40,000 annually. These costs can be even higher for prestigious institutions or those offering specialized programs.