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 190, which is 1.9x higher than the national index of 100.
Compared to New York, Great Neck has a cost of living index that's 1.6x higher than New York's index of 121.
The standard of living in Great Neck ranks as #319 most affordable out of the 336 places we measured in New York. By definition, that implies Great Neck ranks as the #17 most expensive place in the Empire State.
For more reading on life in Great Neck, check out:
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 fares on each of the criteria:
The Services index in Great Neck is 106.
The Groceries index in Great Neck is 105.
The Health index in Great Neck is 387.
The Housing index in Great Neck is 110.
The Transportation index in Great Neck is 114.
The Utilities index in Great Neck is 108.
| Living Expense | Great Neck | New York | National Average |
|---|---|---|---|
| Overall | 190 | 121 | 100 |
| Services | 106 | 105 | 100 |
| Groceries | 105 | 108 | 100 |
| Health | 387 | 143 | 100 |
| Housing | 110 | 112 | 100 |
| Transportation | 114 | 114 | 100 |
| Utilities | 108 | 111 | 100 |
Great Neck Cost Of Living Compared To New York Averages
Index where 100 = national average. Source: cost-of-living index 2026.
For more reading on cost of living around New York, check out:
Protect your home budget Compare home warranties in Great Neck Get matched →Source: Cost-of-living index 2026, normalized to US average = 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 2020-2024. The key points are:
The Median Home Value in Great Neck is $1,455,882.
The Median Rent in Great Neck is $1,807.
The Median Income in Great Neck is $137,981.
The Home Value To Income in Great Neck is 10.6x.
The Rent To Monthly Income in Great Neck is 0.16x.
| Statistic | Great Neck | New York | United States |
|---|---|---|---|
| Median Home Value | $1,455,882 | $507,794 | $332,700 |
| Median Rent | $1,807 | $1,621 | $1,413 |
| Median Income | $137,981 | $85,974 | $80,734 |
| Home Value To Income | 10.6x | 5.9x | 4.1x |
| Rent To Monthly Income | 0.16x | 0.23x | 0.21x |
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
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 142, 0.7x Great Neck.
Plainview, NY has a cost of living index of 166, 0.9x Great Neck.
Merrick, NY has a cost of living index of 163, 0.9x Great Neck.
| City | Population | Cost Of Living | Vs. Great Neck |
|---|---|---|---|
| Levittown, NY | 51,904 | 142 | 0.7x |
| Plainview, NY | 25,982 | 166 | 0.9x |
| Merrick, NY | 21,744 | 163 | 0.9x |
| Massapequa, NY | 21,389 | 165 | 0.9x |
| Syosset, NY | 18,433 | 180 | 0.9x |
| Woodmere, NY | 18,061 | 186 | 1.0x |
| Massapequa Park, NY | 16,963 | 158 | 0.8x |
| Malverne, NY | 8,477 | 151 | 0.8x |
| Great Neck Plaza, NY | 7,593 | 140 | 0.7x |
| Bronxville, NY | 6,510 | 235 | 1.2x |
