Salary & Cost of Living in Freeport, NY
Freeport, NY: $62,401 median salary, cost of living index 125.5, $15.00/hr minimum wage. Calculate your take-home pay with our free paycheck calculator.
Median Salary
$62,401
$30/hr
Cost of Living
125.5
US avg = 100
Minimum Wage
$15.00
per hour
Unemployment
4.9%
rate
Freeport, NY Overview
Population
43,713
Median Salary
$62,401
Average Salary
$69,889
Avg Commute
18 min
Median Home Price
$377,000
Median Rent
$1,530/mo
Job Growth
+1.6%
Sales Tax
4%
Freeport is located in New York with a population of 43,713. The median household salary is $62,401 per year ($30/hour), which is $3,017 above the national median of $59,384. The average commute time is 18 minutes, and the city has a job growth rate of +1.6%.
Freeport Paycheck Calculator
Enter your annual salary to see your estimated take-home pay in Freeport, NY, after federal, state, and local taxes.
Estimated Annual Take-Home Pay
$47,410
$3,950.86/month · $1,823.47/biweekly · Effective Rate: 24.0%
Gross Pay
$62,401
Federal Tax
-$5,450
State Tax
-$4,274
Local Tax
-$493
FICA
-$4,774
Net Pay
$47,410
Pay Breakdown
| Item | Monthly | Annual |
|---|---|---|
| Gross Salary | $5,200.08 | $62,401.00 |
| Federal Income Tax | -$454.14 | -$5,449.62 |
| New York State Tax (6.85%) | -$356.21 | -$4,274.47 |
| Local Tax (0.79%) | -$41.08 | -$492.97 |
| Social Security (6.2%) | -$322.41 | -$3,868.86 |
| Medicare (1.45%) | -$75.40 | -$904.81 |
| Net Take-Home Pay | $3,950.86 | $47,410.27 |
Salary Comparison: Freeport vs Other Cities
See how Freeport's median salary and cost of living compare to the national average and similar cities.
| City | Median Salary | COL Index | Adj. Salary |
|---|---|---|---|
| Freeport, NY | $62,401 | 125.5 | $49,722 |
| National Average | $59,384 | 100 | $59,384 |
| Whittier, CA | $62,412 | 151 | $41,332 |
| Cerritos, CA | $62,415 | 144.3 | $43,254 |
| Cedar City, UT | $62,384 | 99.6 | $62,635 |
| Beverly Hills, CA | $62,377 | 137.5 | $45,365 |
Adjusted salary reflects purchasing power when cost of living is factored in. A higher adjusted salary means your money goes further.
Cost of Living in Freeport
Freeport's cost of living index is 125.5 (national average = 100). Living in Freeport is 25.5% more expensive than the national average.
Median Home Price
$377,000
Median Monthly Rent
$1,530
Annual Rent Cost
$18,360
Your Salary's Purchasing Power
Your $47,410 annual take-home pay in Freeport has the purchasing power of approximately $37,777 in an average-cost US area. You would need to earn $78,313 in Freeport to match a $62,401 salary in an average-cost city.
Top Industries in Freeport
Freeport's economy is driven by these key industries. Workers in top industries often earn significantly above the median salary of $62,401.
Salary Tips for Freeport Workers
- Negotiate for cost of living. Freeport has a cost of living 25.5% above the national average. When negotiating salary, factor in the higher housing and living costs to ensure your real purchasing power stays competitive.
- Maximize pre-tax deductions. With a 6.85% state income tax rate, maximizing 401(k) contributions (up to $23,500 in 2026) and HSA contributions can significantly reduce both your federal and state tax burden.
- Research top industries. Freeport's top industries include Finance, Technology, Healthcare. Targeting roles in these sectors can help you earn above the $62,401 median salary.
- Review your W-4 withholding. If you regularly receive large tax refunds, adjust your W-4 to increase your per-paycheck take-home pay instead of giving the government an interest-free loan.
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Frequently Asked Questions
What is the median salary in Freeport, NY?
The median salary in Freeport, NY is $62,401 per year, or $30 per hour. The average salary is $69,889. This is $3,017 above the national median of $59,384.
What is the cost of living in Freeport, NY?
Freeport's cost of living index is 125.5 (national average = 100), meaning it is 25.5% more expensive compared to the national average. The median home price is $377,000 and the median monthly rent is $1,530.
What are the best industries in Freeport?
The top industries in Freeport, NY include Finance, Technology, Healthcare. The city has a job growth rate of 1.6% and an unemployment rate of 4.9%. Workers in these industries often earn above the city's median salary of $62,401.
How does Freeport's salary compare to other cities?
Freeport's median salary of $62,401 is 5.1% above the national median of $59,384. However, when adjusted for cost of living (index: 125.5), the real purchasing power is approximately $49,722.
What is the minimum wage in Freeport, NY?
The minimum wage in Freeport, NY is $15.00 per hour. This equals approximately $31,200 per year for a full-time worker (40 hours/week). This is $7.75 above the federal minimum wage of $7.25/hour.