Many United States citizens want to spend their retirement in the Hamptons of New York, spending their Social Security checks. It’s a posh and exclusive beach location, so it won’t exactly be cheap. However, there are some cheaper options within the Hamptons. You’ll be able to spend retirement in one of those cheaper parts and live comfortably.
The weather in the Hamptons of New York will not exactly be warm year-round, but it will be warm in the summer months. It’s a great option for enjoying Social Security retirement and peace and quiet once you’re done working. Retirement in this area of the United States may be your best choice.
For reference, the average rent in the United States in 2022 is $2,020 per month. The annual cost in food is $4,447 and the cost of medical care is $7,030. If we count utility spending, we have an extra $3,921 per year. This means that the monthly expense would rise to $3,307. It is possible to live here with Social Security payments, but the average is a little bit short. Anyway, it is really doable and it depends on our own money.
Average cost of living in the Hamptons
As we have said, depending on the area you are staying in, the Hamptons will have a higher or lower cost. Below we are going to find out the cost of living in 12 different Hamptons cities.
Hampton Bay
- Average monthly rent 2022: $12,453
- Livability: 74
- Annual grocery cost: $4,857
- Monthly grocery cost: $405
- Annual health care cost: $7,796
- Monthly health care cost: $650
- Annual utilities cost: $4,917
- Monthly utility cost: $410
- Monthly expenses: $13,917
Westhampton
- Average monthly rent 2022: $16,030
- Livability: 65
- Annual grocery cost: $5,140
- Monthly grocery cost: $428
- Annual Health Care Cost: $7,796
- Monthly health care cost: $650
- Annual utility cost: $4,917
- Monthly utility cost: $410
- Monthly expenses: $17,518
Montauk
- Average monthly rent 2022: $20,225
- Livability: 73
- Annual grocery cost: $5,212
- Monthly grocery cost: $434
- Annual health care cost: $7,796
- Monthly health care cost: $650
- Annual utilities cost: $4,799
- Monthly utility cost: $400
- Monthly expenses: $21,709
Quogue East
- Average monthly rent 2022: $22,758
- Livability: 72
- Annual grocery cost: $4,969
- Monthly grocery cost: $414
- Annual health care cost: $7,796
- Monthly health care cost: $650
- Annual utilities cost: $4,917
- Monthly utility cost: $410
- Monthly expenses: $24,232
Westhampton Beach
- Average monthly rent 2022: $31,431
- Livability: 76
- Annual grocery cost: $5,252
- Monthly grocery cost: $438
- Annual healthcare cost: $7,796
- Monthly health care cost: $650
- Annual utility cost: $4,917
- Monthly utility cost: $410
- Monthly expenses: $32,928
Sunken port
- Average monthly rent 2022: $32,325
- Livability: 73
- Annual grocery cost: $5,383
- Monthly grocery cost: $449
- Annual health care cost: $7,796
- Monthly health care cost: $650
- Annual utility cost: $4,917
- Monthly utility cost: $410
- Monthly expenses: $33,833
East Hampton
- Average monthly rent 2022: $35,530
- Livability: 77
- Annual grocery cost: $5,383
- Monthly grocery cost: $449
- Annual health care cost: $7,796
- Monthly health care cost: $650
- Annual utilities cost: $4,886
- Monthly utility cost: $407
- Monthly expenses: $37,035
Southampton
- Average monthly rent 2022: $45,025
- Livability: 82
- Annual grocery cost: $5,109
- Monthly grocery cost: $426
- Annual health care cost: $7,796
- Monthly health care cost: $650
- Annual utilities cost: $4,886
- Monthly utility cost: $407
- Monthly expenses: $46,508
Sagaponack
- Average monthly rent 2022: $45,510
- Livability: 76
- Annual grocery cost: $5,707
- Monthly grocery cost: $476
- Annual cost of medical care: $7,796
- Monthly health care cost: $650
- Annual utility cost: $4,917
- Monthly utility cost: $410
- Monthly expenses: $47,045
Bridgehampton
- Average monthly rent 2022: $46,549
- Livability: 72
- Annual grocery cost: $5,626
- Monthly groceries cost: $469
- Annual health care cost: $7,796
- Monthly health care cost: $650
- Annual utility cost: $4,850
- Monthly utility cost: $404
- Monthly expenses: $48,072
Water mill
- Average monthly rent 2022: $57,416
- Livability: 81
- Annual grocery cost: $5,711
- Monthly grocery cost: $476
- Annual health care cost: $7,796
- Monthly health care cost: $650
- Annual utility cost: $4,917
- Monthly utility cost: $410
- Monthly expenses: $58,951
Amaganset
- Average monthly rent 2022: $58,461
- Livability: 79
- Annual grocery cost: $5,689
- Monthly groceries cost: $474
- Annual health care cost: $7,796
- Monthly health care cost: $650
- Annual utility cost: $4,917
- Monthly utility cost: $410
- Monthly expenses: $59,994
So, if you have a good Social Security payment and want to live in one of these cities, you can do so and enjoy a dream retirement in a place that everyone loves.