Great Neck, NY Cost Of Living
Cost Of Living In Great Neck, NY Summary
Cost of living in Great Neck research summary. The cost of living index is set to 100 for the average place in the United States. A cost of living index above 100 means Great Neck is expensive. An index value below 100 means the city is a relatively cheap place to live.
On a city-by-city basis in New York, home prices and rent have the biggest impact on the cost of living. Here are the key takeaways based on Saturday Night Science:
The cost of living index in Great Neck is 199, with 100 being the average.
The cost of living index in Great Neck is 2.0x higher than the national average.
Great Neck ranks as the #329 cheapest in New York out of 341.
Great Neck ranks as the #6,312 cheapest out of 6,489 in the US.
The median home value in Great Neck is $1,424,788.
The median income in Great Neck is $137,095.
Table Of Contents
Great Neck's Overall Cost Of Living
Higher Than The National Average
What is the cost of living in Great Neck, NY?
According to the most recent data on the cost of living, Great Neck has an overall cost of living index of 199, which is 2.0x higher than the national index of 100.
Compared to New York, Great Neck has a cost of living index that's 1.7x higher than New York's index of 119.
The standard of living in Great Neck ranks as #329 most affordable out of the 341 places we measured in New York. By definition, that implies Great Neck ranks as the #12 most expensive place in the Empire State.
For more reading on life in Great Neck, check out:
In New York
In America
Great Neck Cost Of Living Vs. New York
Six factors go into calculating the cost of living index in Great Neck. Here is how it fairs on each of the criteria:
The Services index in Great Neck is 128.
The Groceries index in Great Neck is 114.
The Health index in Great Neck is 122.
The Housing index in Great Neck is 385.
The Transportation index in Great Neck is 113.
The Utilities index in Great Neck is 102.
| Living Expense | Great Neck | New York | National Average | |
|---|---|---|---|---|
| Overall | 199 | 119 | 100 | |
| Services | 128 | 110 | 100 | |
| Groceries | 114 | 103 | 100 | |
| Health | 122 | 101 | 100 | |
| Housing | 385 | 145 | 100 | |
| Transportation | 113 | 105 | 100 | |
| Utilities | 102 | 99 | 100 | |
Great Neck, NY Housing Cost Breakdown
Housing swings affordability the most between places in New York, so we broke down housing costs into more detail. Home and income data comes from the most recent US Census ACS 2019-2023. The key points are:
The Median Home Value in Great Neck is $1,424,788.
The Median Rent in Great Neck is $2,195.
The Median Income in Great Neck is $137,095.
The Home Value To Income in Great Neck is 10.4x.
The Rent To Monthly Income in Great Neck is 0.19x.
| Statistic | Great Neck | New York | United States |
|---|---|---|---|
| Median Home Value | $1,424,788 | $508,764 | $303,400 |
| Median Rent | $2,195 | $1,576 | $1,348 |
| Median Income | $137,095 | $84,578 | $78,538 |
| Home Value To Income | 10.4x | 6.0x | 3.9x |
| Rent To Monthly Income | 0.19x | 0.22x | 0.21x |
Median Home Value
Median Rent
Median Income
Great Neck, NY Costs By Category
Detailed Great Neck Services Costs Vs. New York
| Item | Great Neck | New York |
|---|---|---|
| Shampoo | $1.69 | $1.28 |
| Movie | $13.68 | $12.13 |
| Bowling | $29.4 | $18 |
| Haircut | $34.94 | $24.26 |
| Beauty Salon | $64.07 | $45.56 |
Detailed Great Neck Groceries Costs Vs. New York
| Item | Great Neck | New York |
|---|---|---|
| Ground Beef | $5.87 | $5.84 |
| Fried Chicken | $1.46 | $1.57 |
| Milk | $4.97 | $4.67 |
| Potatoes | $5.21 | $4.93 |
| Pizza | $12.57 | $12.09 |
| Beer | $11.87 | $10.41 |
| Toothpaste | $3.96 | $3.7 |
Detailed Great Neck Health Costs Vs. New York
| Item | Great Neck | New York |
|---|---|---|
| Optometrist | $128.97 | $125.68 |
| Doctor | $162.24 | $135.78 |
| Dentist | $149.64 | $113.29 |
Detailed Great Neck Transportation Costs Vs. New York
| Item | Great Neck | New York |
|---|---|---|
| Gasoline | $3.55 | $3.46 |
| Tire Balancing | $86.43 | $59.92 |
Detailed Great Neck Utilities Costs Vs. New York
| Item | Great Neck | New York |
|---|---|---|
| All Electricity | $201.27 | $193.99 |
| Phone | $200.67 | $192.25 |
Great Neck SnackAbility
/10
Cost Of Living In Cities Around Great Neck
The cost of living varies in the cities and towns around Great Neck. Here's a quick look at the cost of living in the most populous nearby places:
Levittown, NY has a cost of living index of 145, 0.7x Great Neck.
Plainview, NY has a cost of living index of 167, 0.8x Great Neck.
Massapequa, NY has a cost of living index of 166, 0.8x Great Neck.
| City | Population | Cost Of Living | Vs. Great Neck |
|---|---|---|---|
| Levittown, NY | 51,557 | 145 | 0.7x |
| Plainview, NY | 26,251 | 167 | 0.8x |
| Massapequa, NY | 21,822 | 166 | 0.8x |
| Merrick, NY | 21,816 | 167 | 0.8x |
| Syosset, NY | 18,274 | 182 | 0.9x |
| Woodmere, NY | 18,198 | 194 | 1.0x |
| Massapequa Park, NY | 16,985 | 161 | 0.8x |
| Malverne, NY | 8,496 | 158 | 0.8x |
| Great Neck Plaza, NY | 7,503 | 145 | 0.7x |
| Bronxville, NY | 6,539 | 231 | 1.2x |
