Madeline Marvar | Mobilizing the Region
According to a recent report by “research engine” FindTheBest, the Nassau-Suffolk metro region is the nation’s most expensive place to live—a claim Long Islanders probably wouldn’t be surprised to hear. The rankings were based on a cost of living index based on six indices—housing, taxes, healthcare, childcare, transportation and “other necessities”—and while the report acknowledges that the Nassau-Suffolk metro “doesn’t have any nationwide highs for individual indices,” all six factors combined give it the top ranking.
The study found that in the Nassau-Suffolk metro area, monthly housing costs averaged $2,029 — more than twice the national averageof $965, and even more costly than the New York Metro Area, which averaged $1,600 — and monthly transportation costs were roughly the same as the national average at approximately $450. Considering Long Island already has the makings of an extensive, albeit disjointed, multi-modal transit network in place, this is all the more reason for Nassau and Suffolk Counties to capitalize on that network by investing in interconnectivity of transportation options and prioritizing transit-oriented development (TOD) with affordable housing components. This hefty one-two punch would reduce the monthly costs of both housing and transportation by reducing dependency on cars and suburban sprawl, making Long Island a more attractive and more affordable place for residents and visitors. Read more