Great Neck Estates, NY Economy


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Great Neck Estates, NY is a desirable place to live due to its access to many local amenities. The rent for a two bedroom apartment in the area is $2250, compared to the national average of $1430. Additionally, the grocery cost index in Great Neck Estates is 117 versus 100 in the US, making it an affordable option for families and individuals alike. Local companies include banks such as TD Bank and Chase Bank, as well as stores like PetSmart and Best Buy. Other attractions include popular restaurants like Five Guys and Panera Bread. With so much variety within close proximity, Great Neck Estates has become a sought after destination for those looking for an exciting place to live.

Great Neck Estates has an unemployment rate of 5.9%. The US average is 6.0%.

Great Neck Estates has seen the job market increase by 0.9% over the last year. Future job growth over the next ten years is predicted to be 28.3%, which is lower than the US average of 33.5%.

Tax Rates for Great Neck Estates
- The Sales Tax Rate for Great Neck Estates is 8.6%. The US average is 7.3%.
- The Income Tax Rate for Great Neck Estates is 6.5%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.

Income and Salaries for Great Neck Estates
- The average income of a Great Neck Estates resident is $67,770 a year. The US average is $28,555 a year.
- The Median household income of a Great Neck Estates resident is $161,538 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyGreat Neck Estates, New YorkUnited States
  5.96
  -6.6%-6.2%
  28.3%33.5%
  8.6%6.2%
  6.2%4.6%
  $104,000$37,638
  $161,538$69,021
  $201,731$85,028
  Population by Occupation
  0.0%1.2%
  0.0%0.5%
  3.7%6.8%
  2.2%10.0%
  4.7%2.5%
  9.0%11.0%
  0.7%4.8%
  0.7%0.8%
  0.3%1.9%
  10.2%4.7%
  8.7%1.9%
  15.4%7.6%
  0.8%0.1%
  4.4%4.2%
  18.8%9.3%
  14.3%14.0%
  1.1%2.1%
  1.4%7.0%
  2.8%4.8%
  0.7%4.7%
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