Cost of Living in Southampton
Southampton pairs genuinely extreme village-level housing costs with New York State's own graduated income tax, no separate village income tax, and the East End's real, distinctive Peconic Bay CPF transfer tax explicitly confirmed applicable in the Town.
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Learn moreHousing costs run genuinely extreme at the village level
Southampton village's own ZHVI reached $3,554,238, distinctly higher than the broader area's own average home value of $2,219,047 (May 2026, +6.1% YoY) -- with a separate July 2026 median list price citation running even higher, at $3.16 million.
New York State's graduated income tax applies, with NO separate village income tax
New York State's 2026 income tax runs 9 brackets, 4.0%-10.9%. Per this project's own New York manifest research, Southampton -- like nearly every New York municipality outside NYC and Yonkers -- levies no separate local income tax.
The Peconic Bay CPF transfer tax is explicitly confirmed applicable here
This record's own primary CPF source explicitly named the Town of Southampton as currently levying the full combined 2.5% transfer tax (allowances of $400,000 improved / $100,000 unimproved, with NO allowance above $2 million).
A property-tax rate likely below the Suffolk County average, by direct East End analogy
Suffolk County's average effective property tax rate ran 1.7%-1.85% county-wide -- but by direct analogy to East Hampton Village's own confirmed 2%-4% assessment-to-market-value ratio, Southampton's own comparable East End village assessment convention likely produces a similarly lower effective rate.
Key takeaways
- Southampton village's own ZHVI ($3,554,238) runs well above the broader area's own average home value.
- New York State's graduated 4.0%-10.9% income tax applies with no added Southampton village income tax.
- The Peconic Bay CPF transfer tax (2.5% combined) is explicitly confirmed applicable in the Town of Southampton.
- Southampton's own effective property tax rate likely runs below the Suffolk County average, by direct East End analogy.
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