Living in Great Neck Estates, New York
Cost of living, income, home prices, rent and demographics of Great Neck Estates · Census data 2020–2024
Great Neck Estates has 3,023 residents with a median age of 43.1. The median household income is $237,788 (177% higher than the New York median), the median home value is $1,638,700, the median rent is $3,501/month.
Great Neck Estates at a glance
- Population
- 3,023
- Median age
- 43.1State: 39.8
- Median household income
- $237,788State: $85,974
- Median home value
- $1,638,700State: $423,800
- Median rent
- $3,501/moState: $1,621
- Homeowners
- 94.7%
- Bachelor's degree or higher
- 73.1%
- Average commute
- 34 min
Is Great Neck Estates a good place to live?
Pros: Median household income 177% higher than the New York median; unemployment of 1.7%; a poverty rate of 5.7%.
Cons: Home values 287% higher than the state median; an average commute of 34 minutes.
The weather is best in May–June and August–September.
Cost of living in Great Neck Estates
Housing is the biggest part of the cost of living. In Great Neck Estates the median home value is $1,638,700, 393% higher than the U.S. median. Renters pay a median of $3,501 per month, which is 29.3% of household income. Homeowners with a mortgage pay $4,001 a month in housing costs.
Great Neck Estates median household income
The median household income in Great Neck Estates is $237,788 and the income per person is $108,273. 5.7% of residents live below the poverty line (New York: 14%).
Housing in Great Neck Estates: homes for sale and rent
- Housing units
- 1,009
- Owner-occupied
- 94.7%
- Renter-occupied
- 5.3%
- Vacant
- 8.3%Includes seasonal homes
- Median year built
- 1944
- Average household size
- 3.27
Great Neck Estates demographics
- Population
- 3,023
- Median age
- 43.1
- Under 18
- 28.7%
- 65 and older
- 17.6%
- Households
- 925
- Foreign-born
- 28.2%
- Veterans
- 2%Adults 18+
Hispanic or Latino can be of any race. Population history of Great Neck Estates ›
Education in Great Neck Estates
73.1% of adults 25 and older in Great Neck Estates have a bachelor's degree or higher (New York: 40.2%), and 37% have a graduate or professional degree.
Jobs and commute in Great Neck Estates
- Unemployment rate
- 1.7%State: 6.4%
- Average commute
- 34 minState: 33 min
- Work from home
- 22.6%
- Drive alone
- 50.5%
- Public transit
- 15.9%
- Walk to work
- 1.2%
- Homes with broadband
- 98.2%
Great Neck Estates vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Great Neck Estates | 3,023 | $237,788 | $1,638,700 | $3,501 |
| Harbor Hills | 458 | $149,107 | $1,698,900 | — |
| Saddle Rock Estates | 485 | $143,646 | $1,412,500 | — |
| Saddle Rock | 1,190 | $175,625 | $1,733,600 | — |
| Great Neck Plaza | 7,593 | $92,474 | $416,100 | $2,446 |
| Russell Gardens | 1,078 | $242,083 | $1,528,400 | $2,161 |
| University Gardens | 4,110 | $101,786 | $794,500 | $1,846 |
| Kensington | 1,189 | $220,625 | $1,550,500 | — |
| Great Neck | 11,087 | $137,981 | $968,500 | $1,807 |
More for people moving to Great Neck Estates
Great Neck Estates ZIP code ›Weather and climate ›Living in Great Neck Estates: FAQ
What is the median household income in Great Neck Estates, NY?
The median household income in Great Neck Estates is $237,788, 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 Great Neck Estates?
The median home value in Great Neck Estates is $1,638,700, compared with $423,800 in New York.
How much is rent in Great Neck Estates?
The median gross rent in Great Neck Estates is $3,501 per month, about 29.3% of household income.
Is Great Neck Estates, NY a good place to live?
Pluses: median household income 177% higher than the New York median; unemployment of 1.7%; a poverty rate of 5.7%. Minuses: home values 287% higher than the state median; an average commute of 34 minutes.
What is the median age in Great Neck Estates?
The median age in Great Neck Estates is 43.1 years (New York: 39.8).
How long is the commute in Great Neck Estates?
The average commute to work in Great Neck Estates is 34 minutes; 22.6% of workers work from home.
What is the unemployment rate in Great Neck Estates?
The unemployment rate in Great Neck Estates is 1.7% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Great Neck Estates?
73.1% of adults in Great Neck Estates 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.
Last updated: