Housing costs in Lake Grove?
A typical home costs
$565,000, which is 67.1% more expensive than the national average of
$338,100 and 36.6% more expensive than the average New York home, at
$413,600. Renting a two-bedroom unit in Lake Grove costs
$2,510 per month, which is 75.5% more than the national average of
$1,430 and 21.9% more than the state average of
$1,960.
Can I afford Lake Grove?
To live comfortably in Lake Grove, New York, a minimum annual income of
$108,360 for a family, and
$83,600 for a single person is recommended.
What does A.I. say about Lake Grove?
The cost of living in Lake Grove, NY is generally high compared to the national average. Housing costs in particular are high, with a median home value of $284,400 which is significantly more than the national average of $231,200. Prices for basic necessities such as food and clothing tend to be slightly higher than those found in the rest of the country. Transportation is also expensive, with an average price per gallon of gas being $2.46 compared to the national average of $2.27. Despite these higher costs, however, many people choose to live in Lake Grove due to its excellent school system and proximity to New York City.