Great Neck Plaza, NY is a vibrant and affluent village located in Nassau County on the North Shore of Long Island. It is home to a variety of businesses, shops and restaurants, as well as several prestigious private schools. It also boasts an array of beautiful parks and recreational facilities including Grace Avenue Park, which has basketball courts, playgrounds and trails for walking. Some popular stores in Great Neck Plaza include the upscale shopping center at Loehmann's Plaza, Link Market Place Mall, and various independent boutique shops. The village also contains many unique cultural institutions such as a synagogue and art gallery. All these amenities come with a price; however, the cost of living here is still relatively lower than some places in the US with the average 2 Bedroom Rent being around $2,250 compared to the national average of $1,430. Additionally, groceries in Great Neck Plaza have a Cost Index rating of 117 versus 100 nationally.
Great Neck Plaza has an unemployment rate of 5.9%. The US average is 6.0%.
Great Neck Plaza 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 Plaza
- The Sales Tax Rate for Great Neck Plaza is 8.6%. The US average is 7.3%.
- The Income Tax Rate for Great Neck Plaza 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 Plaza
- The average income of a Great Neck Plaza resident is $50,922 a year. The US average is $28,555 a year.
- The Median household income of a Great Neck Plaza resident is $95,676 a year. The US average is $69,021 a year.