Living in Cove Neck, New York
Cost of living, income, home prices, rent and demographics of Cove Neck · Census data 2020–2024
Cove Neck has 231 residents with a median age of 56.5. The median household income is $238,333 (177% higher than the New York median), the median home value is $2,000,001, the median rent is $3,250/month.
Cove Neck is a small town, so Census survey estimates have wide margins of error. Treat percentages as approximate.
Cove Neck at a glance
- Population
- 231
- Median age
- 56.5State: 39.8
- Median household income
- $238,333State: $85,974
- Median home value
- $2,000,001State: $423,800
- Median rent
- $3,250/moState: $1,621
- Homeowners
- 75.5%
- Bachelor's degree or higher
- 73%
- Average commute
- 34 min
Is Cove Neck a good place to live?
Pros: Median household income 177% higher than the New York median; unemployment of 3.3%; a poverty rate of 7.9%.
Cons: Home values 372% higher than the state median; an average commute of 34 minutes.
The weather is best in June to September.
Cost of living in Cove Neck
Housing is the biggest part of the cost of living. In Cove Neck the median home value is $2,000,001, 501% higher than the U.S. median. Renters pay a median of $3,250 per month, which is 27.5% of household income. Homeowners with a mortgage pay $4,001 a month in housing costs.
Cove Neck median household income
The median household income in Cove Neck is $238,333 and the income per person is $194,976. 7.9% of residents live below the poverty line (New York: 14%).
Housing in Cove Neck: homes for sale and rent
- Housing units
- 115
- Owner-occupied
- 75.5%
- Renter-occupied
- 24.5%
- Vacant
- 14.8%Includes seasonal homes
- Median year built
- 1960
- Average household size
- 2.36
Cove Neck demographics
- Population
- 231
- Median age
- 56.5
- Under 18
- 16%
- 65 and older
- 38.5%
- Households
- 98
- Foreign-born
- 12.6%
- Veterans
- 7.7%Adults 18+
Hispanic or Latino can be of any race. Population history of Cove Neck ›
Education in Cove Neck
73% of adults 25 and older in Cove Neck have a bachelor's degree or higher (New York: 40.2%), and 45.4% have a graduate or professional degree.
Jobs and commute in Cove Neck
- Unemployment rate
- 3.3%State: 6.4%
- Average commute
- 34 minState: 33 min
- Work from home
- 18.5%
- Drive alone
- 68.9%
- Public transit
- 9.2%
- Walk to work
- 3.4%
- Homes with broadband
- 90.8%
Cove Neck vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Cove Neck | 231 | $238,333 | $2,000,001 | $3,250 |
| Centre Island | 264 | $218,036 | $2,000,000 | — |
| Oyster Bay Cove | 2,075 | $250,001 | $1,714,700 | $2,500 |
| Oyster Bay | 7,308 | $111,264 | $695,500 | $2,225 |
| Laurel Hollow | 1,927 | $250,001 | $1,636,700 | $3,501 |
| Cold Spring Harbor | 3,220 | $250,001 | $1,587,900 | — |
| East Norwich | 2,697 | $204,071 | $828,100 | — |
| Mill Neck | 1,136 | $196,359 | $1,368,800 | $3,501 |
| Bayville | 6,744 | $149,191 | $710,000 | $2,127 |
More for people moving to Cove Neck
Cove Neck ZIP code ›Weather and climate ›Living in Cove Neck: FAQ
What is the median household income in Cove Neck, NY?
The median household income in Cove Neck is $238,333, 177% higher than the New York median of $85,974 (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
What is the average home price in Cove Neck?
The median home value in Cove Neck is $2,000,001, compared with $423,800 in New York.
How much is rent in Cove Neck?
The median gross rent in Cove Neck is $3,250 per month, about 27.5% of household income.
Is Cove Neck, NY a good place to live?
Pluses: median household income 177% higher than the New York median; unemployment of 3.3%; a poverty rate of 7.9%. Minuses: home values 372% higher than the state median; an average commute of 34 minutes.
What is the median age in Cove Neck?
The median age in Cove Neck is 56.5 years (New York: 39.8).
How long is the commute in Cove Neck?
The average commute to work in Cove Neck is 34 minutes; 18.5% of workers work from home.
What is the unemployment rate in Cove Neck?
The unemployment rate in Cove Neck is 3.3% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Cove Neck?
73% of adults in Cove Neck have a bachelor's degree or higher.
Source: U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024 (margins of error apply, especially in small towns). Figures are in 2024 dollars.
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