Cost of Living in Lake Grove, NY

Population 11,050 · New York · Data vintage 2023

176
Cost Index
(100 = US avg)
Page updated: · Data vintage: 2023 ACS 5-Year
Sources: Census ACS·BLS·NOAA·EPA·Zillow · Methodology

Housing in Lake Grove sits 81% above the national median — $551,000 for the typical home — but median household incomes near $119,558 (60% above the US figure) soften the blow that similar pricing creates in lower-wage metros.

Located 25 miles south of Bridgeport, Lake Grove falls within that metro's commuting orbit. Median home values run roughly 118% higher than Bridgeport's $252,000.

Cost Overview

Housing 181
Rent 168

Scale: 100 = US national average. Green < 90, Red > 110.

About the Cost of Living in Lake Grove

The median home value in Lake Grove is $550,700 — 81% above the national median of $305,000. Median rent runs $2,208/month, 68% higher than the national median of $1,314/month. The median household income of $119,558/year is 60% higher than the US median of $74,580. The local unemployment rate is 6.0%, 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 61.1°F and lows of 45.2°F, with about 31.8" of annual snowfall. Overall, Lake Grove has a cost of living index of 176 versus the US average of 100, meaning it is 76% more expensive.

🏠 Housing

Median Home Value
$550,700
81% above avg
Zillow Home Value
$696,261
Zillow ZHVI
Median Rent
$2,208/mo
68% above avg
Price-to-Rent Ratio
20.8x
Favors renting
Property Tax Rate
1.7%
Effective rate

HUD Fair Market Rents by Bedroom

Studio
$965
1 BR
$1,051
2 BR
$1,302
3 BR
$1,619
4 BR
$1,813
Owner-occupied 78.8%
Renter-occupied 21.2%

💰 Estimated Monthly Budget

Rent median rent
$2,208
Groceries national estimate
$400
Utilities local estimate
$88
Transportation local gas prices
$126
Estimated Total $2,822/mo

Estimates based on median data and national averages. Actual costs vary.

🛒 Food & Groceries

National BLS average prices (2023). Local prices may vary.

🥚
Eggs (dozen)
$0.548
🍞
White Bread (lb)
$1.912
🥩
Ground Beef (lb)
$5.61

🚗 Transportation

Avg Commute
39.6 min
47% above avg
Gas Price
$3.145/gal
0% below avg
Work From Home
10.0%

Commute Mode

Drove alone
78.4%
Carpooled
6.9%
Public transit
4.0%
Walked
0.2%
Work from home
10.0%

Utilities

Electricity
$0.176/kWh
0% below avg

📋 Taxes

State Income Tax 10.9%
Total Sales Tax 8.5%
State rate 4.0%
Avg local rate 4.5%
Property Tax 1.7%

💼 Income & Employment

Median Household Income
$119,558
60% above avg
Per Capita Income
$51,319
Unemployment Rate
6.0%
25% above avg
Poverty Rate
6.1%
Labor Force Participation
62.6%

🎓 Education

Bachelor's degree+ 26.3%
Graduate degree 20.4%

👥 Demographics

Median Age 42.1
Male median age 39.8
Female median age 44.9

🌤 Climate

NOAA 1991–2020 Climate Normals

Avg High
61.1°F
Avg Low
45.2°F
Annual Precip
46"
Annual Snowfall
31.8"
20° 38° 55° 73° 90° JFMAMJJASOND High Low Precip
Month JanFebMarAprMayJunJulAugSepOctNovDec
High °F 394148586877838175645444
Low °F 252632415161676659473830
Precip" 3.663.294.514.063.284.003.264.243.603.973.414.71
Snow" 10.39.46.50.60.00.00.00.00.00.00.54.5

💨 Air Quality

EPA AQS 2023 — county-level monitoring data

Median AQI 41 — Good
76.2%
Good air days/yr
195
Max AQI recorded
86
PM2.5 days
278
Ozone days

Frequently Asked Questions

What is the cost of living in Lake Grove, NY?

Lake Grove has a cost index of 176 (100 = national average). It is 76% above the national average.

What is average rent in Lake Grove, NY?

The median gross rent in Lake Grove is $2,208 per month based on 2023 Census data.

What is the average home price in Lake Grove?

The median home value in Lake Grove is $550,700 according to Zillow and Census data.

What is the median income in Lake Grove?

The median household income in Lake Grove is $119,558 per year (2023 ACS 5-year estimates).

What is the sales tax in Lake Grove, NY?

The combined state and local sales tax rate in Lake Grove is 8.5%. The New York state income tax top rate is 10.9%.

Is Lake Grove, NY affordable?

Lake Grove is above average in cost of living, with an index of 176 — about 76% higher than the national average.

What is the weather like in Lake Grove?

Lake Grove has average high temperatures of 61.1°F and average lows of 45.2°F. Annual precipitation is 46". Average annual snowfall is 31.8". Data from NOAA 1991–2020 Climate Normals.

Lake Grove at a Glance

Population
11,050
Median Income
$119,558
Home Value
$550,700
Median Rent
$2,208/mo
Unemployment
6.0%
Avg High Temp
61.1°F
Sales Tax
8.5%
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