Housing costs in Great Neck?
A typical home costs
$1,190,300, which is 252.1% more expensive than the national average of
$338,100 and 187.8% more expensive than the average New York home, at
$413,600. Renting a two-bedroom unit in Great Neck costs
$3,520 per month, which is 146.2% more than the national average of
$1,430 and 44.3% more than the state average of
$1,960.
Can I afford Great Neck?
To live comfortably in Great Neck (zip 11023), New York, a minimum annual income of
$228,240 for a family, and
$117,600 for a single person is recommended.
What does A.I. say about Great Neck?
The cost of living in 11023 Great Neck, NY is relatively high compared to other areas in the United States. The median home value is $1,098,100, which is more than double the national median home value. The median household income for residents in this area is also higher than the national average at $135,028. Additionally, taxes are significantly higher than the national average due to the high property values and incomes. Despite its high cost of living, 11023 Great Neck remains a desirable place to live because of its highly rated schools, safe neighborhoods and close proximity to major metropolitan areas such as New York City.