Zip 11023 (Great Neck, NY) Economy


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11023 Great Neck, NY is a great place to live for those looking for convenience and affordability. The average 2 bedroom rent in this area is $3,520, which is significantly higher than the US average of $1,430. However, when it comes to grocery costs, the Grocery Cost Index in 11023 Great Neck is 117 which is actually lower than the US index of 100. This means that food items are going to be relatively affordable in this area.
11023 Great Neck has a variety of local businesses such as Great Neck Supermarket and Plaza Meat Market that offer convenient and affordable options for your daily needs. Additionally, there are restaurants like Golden Garden Chinese Cuisine and Spice Club Indian Cuisine that provide the perfect dining experience.
Overall, 11023 Great Neck offers an excellent cost of living with its reasonable rent prices and affordable groceries. With so many local businesses around town providing necessary items at accessible prices, it's no surprise why so many people call 11023 Great Neck their home.

Great Neck (zip 11023) has an unemployment rate of 5.5%. The US average is 6.0%.

Great Neck (zip 11023) 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 29.0%, which is lower than the US average of 33.5%.

Tax Rates for Great Neck (zip 11023)
- The Sales Tax Rate for Great Neck (zip 11023) is 8.6%. The US average is 7.3%.
- The Income Tax Rate for Great Neck (zip 11023) 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 (zip 11023)
- The average income of a Great Neck (zip 11023) resident is $47,212 a year. The US average is $28,555 a year.
- The Median household income of a Great Neck (zip 11023) resident is $131,458 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyGreat Neck, New YorkUnited States
  5.56
  -6.6%-6.2%
  29.0%33.5%
  8.6%6.2%
  6.2%4.6%
  $62,078$37,638
  $131,458$69,021
  $161,364$85,028
  Population by Occupation
  0.0%1.2%
  0.0%0.5%
  2.7%6.8%
  6.4%10.0%
  7.8%2.5%
  10.2%11.0%
  1.1%4.8%
  0.0%0.8%
  2.0%1.9%
  10.5%4.7%
  3.8%1.9%
  11.9%7.6%
  0.0%0.1%
  2.1%4.2%
  18.0%9.3%
  17.5%14.0%
  1.3%2.1%
  2.1%7.0%
  1.7%4.8%
  0.8%4.7%
Health