Cost of Living in Hampton Bays
Summary: If you are thinking about moving to Hampton Bays, here is an overview of the cost of living there.
Hampton Bays, is a hamlet located in the Town of Southampton on Long Island, known for its beautiful beaches and as a popular summer destination. The cost of living in Hampton Bays can be quite high, especially when it comes to housing, due to its proximity to the water and the overall desirability of the area. Housing prices for 3 and 4 bedroom homes can vary significantly based on proximity to the water, condition of the property, and other factors. As of my knowledge cutoff in early 2023, the median home value in Hampton Bays is around $600,000 to $700,000, but prices can easily go above $1 million for homes with desirable features or locations. For a 3-bedroom home, prices typically range from $500,000 to $800,000, while 4-bedroom homes can range from $700,000 to well over $1 million.
Apartment rentals in Hampton Bays can also be pricey, with monthly rents for a 1-bedroom apartment starting around $1,500 to $2,000, and 2-bedroom apartments going for $2,500 or more. Apartment purchases are less common than house purchases, but condos and co-ops are available, with prices starting around $300,000 and going up depending on size and location. Dining out in Hampton Bays can be a costly affair as well, with mid-range restaurants typically charging $15 to $30 for an entree. Upscale dining experiences, particularly seafood restaurants with views of the water, can be significantly more expensive.
Utilities in Hampton Bays, including electricity, heating, cooling, water, and garbage services, can cost around $200 to $400 per month, depending on the size of the home and usage. Private school tuition varies widely based on the institution and the level of education. Preschool tuition can range from $10,000 to $20,000 per year. Elementary and middle schools can cost between $20,000 and $30,000 per year, while private high schools can be even more expensive, with some costing upwards of $30,000 to $40,000 annually. It's important to note that these figures can fluctuate and may be higher for prestigious institutions or those offering specialized programs.
| Item | Cost |
|---|---|
| 3-Bedroom Home Purchase | $500,000 - $800,000 |
| 4-Bedroom Home Purchase | $700,000 - $1,000,000+ |
| 1-Bedroom Apartment Rental | $1,500 - $2,000/month |
| 2-Bedroom Apartment Rental | $2,500+/month |
| Apartment Purchase | $300,000+ |
| Mid-Range Restaurant Entree | $15 - $30 |
| Utilities (Monthly) | $200 - $400 |
| Private Preschool Tuition (Annual) | $10,000 - $20,000 |
| Private Elementary/Middle School Tuition (Annual) | $20,000 - $30,000 |
| Private High School Tuition (Annual) | $30,000 - $40,000 |
About the Author
Betsy Burlingame is one of the founders of BlueBurbia and the Founder and President of Expat Exchange. She launched Expat Exchange in 1997 as her Master's thesis project at NYU. Prior to Expat Exchange and BlueBurbia, Betsy worked at AT&T in International
and Mass Market Marketing. She graduated from Ohio Wesleyan University
with a BA in International Business and German.
Some of Betsy's articles include 12 Best Places to Live in Portugal, 7 Best Places to Live in Panama and 12 Things to Know Before Moving to the Dominican Republic. Betsy loves to travel and spend time with her family. Connect with Betsy on LinkedIn.
New York Forum
Talk with other digital nomads and expats in New York on our New York forum - meet people, get advice and help others.
Contribute
Help others in New York by answering questions about the challenges and adventures of living in New York.
