Cost of Living in Great Neck, NY
Population 11,068 · New York · Data vintage 2023
(100 = US avg)
Home prices in Great Neck run well above the national baseline, with a median of $953,000, though local incomes keep the cost-to-earnings ratio tighter than in coastal metros with comparable sticker prices. Median household earnings of $137,095 place the city among the better-paid New York metros.
Geographically, Great Neck sits roughly 12 miles southeast of Yonkers. Median home values run roughly 99% higher than Yonkers' $478,000.
Cost Overview
Scale: 100 = US national average. Green < 90, Red > 110.
About the Cost of Living in Great Neck
The median home value in Great Neck is $953,400 — 213% above the national median of $305,000. Median rent runs $2,195/month, 67% higher than the national median of $1,314/month. The median household income of $137,095/year is 84% higher than the US median of $74,580. The local unemployment rate is 5.8%, above the national average of 4.8%. New York's top state income tax rate is 10.9% and the combined sales tax is 8.5%. The climate averages highs of 63.5°F and lows of 50.1°F, with about 29.8" of annual snowfall. Overall, Great Neck has a cost of living index of 254 versus the US average of 100, meaning it is 154% more expensive.
🏠 Housing
HUD Fair Market Rents by Bedroom
💰 Estimated Monthly Budget
Estimates based on median data and national averages. Actual costs vary.
🛒 Food & Groceries
National BLS average prices (2023). Local prices may vary.
🚗 Transportation
Commute Mode
⚡ Utilities
📋 Taxes
💼 Income & Employment
🎓 Education
👥 Demographics
🌤 Climate
NOAA 1991–2020 Climate Normals
| Month | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| High °F | 40 | 43 | 50 | 61 | 72 | 81 | 86 | 85 | 77 | 66 | 55 | 45 |
| Low °F | 29 | 30 | 36 | 46 | 56 | 66 | 72 | 71 | 64 | 53 | 43 | 35 |
| Precip" | 3.25 | 2.93 | 4.01 | 3.85 | 3.58 | 4.03 | 4.30 | 4.41 | 3.88 | 3.81 | 3.15 | 4.08 |
| Snow" | 8.6 | 9.8 | 5.4 | 0.4 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.1 | 0.3 | 5.2 |
💨 Air Quality
EPA AQS 2023 — county-level monitoring data
🏫 Schools
NCES CCD 2019 — public school district data
Frequently Asked Questions
What is the cost of living in Great Neck, NY?
Great Neck has a cost index of 254 (100 = national average). It is 154% above the national average.
What is average rent in Great Neck, NY?
The median gross rent in Great Neck is $2,195 per month based on 2023 Census data.
What is the average home price in Great Neck?
The median home value in Great Neck is $953,400 according to Zillow and Census data.
What is the median income in Great Neck?
The median household income in Great Neck is $137,095 per year (2023 ACS 5-year estimates).
What is the sales tax in Great Neck, NY?
The combined state and local sales tax rate in Great Neck is 8.5%. The New York state income tax top rate is 10.9%.
Is Great Neck, NY affordable?
Great Neck is above average in cost of living, with an index of 254 — about 154% higher than the national average.
What is the weather like in Great Neck?
Great Neck has average high temperatures of 63.5°F and average lows of 50.1°F. Annual precipitation is 45.3". Average annual snowfall is 29.8". Data from NOAA 1991–2020 Climate Normals.
Great Neck at a Glance
- Population
- 11,068
- Median Income
- $137,095
- Home Value
- $953,400
- Median Rent
- $2,195/mo
- Unemployment
- 5.8%
- Avg High Temp
- 63.5°F
- Sales Tax
- 8.5%
Nearby Cities
Explore county-level cost of living data
New York Rankings
Similar Cost Cities
Cities in other states with comparable housing costs