Living in Lake Success, New York
Cost of living, income, home prices, rent and demographics of Lake Success · Census data 2020–2024
Lake Success has 2,829 residents with a median age of 46.6. The median household income is $244,079 (184% higher than the New York median), the median home value is $1,555,000, the median rent is $3,501/month.
Lake Success at a glance
- Population
- 2,829
- Median age
- 46.6State: 39.8
- Median household income
- $244,079State: $85,974
- Median home value
- $1,555,000State: $423,800
- Median rent
- $3,501/moState: $1,621
- Homeowners
- 93.2%
- Bachelor's degree or higher
- 66.6%
- Average commute
- 33 min
Is Lake Success a good place to live?
Pros: Median household income 184% higher than the New York median; unemployment of 3.3%; a poverty rate of 4.4%.
Cons: Home values 267% higher than the state median; an average commute of 33 minutes.
The weather is best in May–June and August–September.
Cost of living in Lake Success
Housing is the biggest part of the cost of living. In Lake Success the median home value is $1,555,000, 367% higher than the U.S. median. Renters pay a median of $3,501 per month, which is 18.8% of household income. Homeowners with a mortgage pay $4,001 a month in housing costs.
Lake Success median household income
The median household income in Lake Success is $244,079 and the income per person is $99,948. 4.4% of residents live below the poverty line (New York: 14%).
Housing in Lake Success: homes for sale and rent
- Housing units
- 820
- Owner-occupied
- 93.2%
- Renter-occupied
- 6.8%
- Vacant
- 6.6%Includes seasonal homes
- Median year built
- 1957
- Average household size
- 3.44
Lake Success demographics
- Population
- 2,829
- Median age
- 46.6
- Under 18
- 25.3%
- 65 and older
- 21.7%
- Households
- 766
- Foreign-born
- 34.1%
- Veterans
- 1.2%Adults 18+
Hispanic or Latino can be of any race. Population history of Lake Success ›
Education in Lake Success
66.6% of adults 25 and older in Lake Success have a bachelor's degree or higher (New York: 40.2%), and 41.3% have a graduate or professional degree.
Jobs and commute in Lake Success
- Unemployment rate
- 3.3%State: 6.4%
- Average commute
- 33 minState: 33 min
- Work from home
- 17.2%
- Drive alone
- 57%
- Public transit
- 15.2%
- Walk to work
- 0%
- Homes with broadband
- 98.4%
Lake Success vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Lake Success | 2,829 | $244,079 | $1,555,000 | $3,501 |
| University Gardens | 4,110 | $101,786 | $794,500 | $1,846 |
| Russell Gardens | 1,078 | $242,083 | $1,528,400 | $2,161 |
| Manhasset Hills | 3,692 | $165,536 | $1,057,800 | $3,501 |
| Thomaston | 2,744 | $157,917 | $1,084,000 | $2,218 |
| Manhasset | 7,716 | $165,932 | $1,356,500 | $1,622 |
| North New Hyde Park | 14,159 | $172,440 | $796,700 | $2,768 |
| Great Neck Plaza | 7,593 | $92,474 | $416,100 | $2,446 |
| North Hills | 5,415 | $173,315 | $1,228,800 | $3,501 |
More for people moving to Lake Success
Lake Success ZIP code ›Weather and climate ›Living in Lake Success: FAQ
What is the median household income in Lake Success, NY?
The median household income in Lake Success is $244,079, 184% 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 Lake Success?
The median home value in Lake Success is $1,555,000, compared with $423,800 in New York.
How much is rent in Lake Success?
The median gross rent in Lake Success is $3,501 per month, about 18.8% of household income.
Is Lake Success, NY a good place to live?
Pluses: median household income 184% higher than the New York median; unemployment of 3.3%; a poverty rate of 4.4%. Minuses: home values 267% higher than the state median; an average commute of 33 minutes.
What is the median age in Lake Success?
The median age in Lake Success is 46.6 years (New York: 39.8).
How long is the commute in Lake Success?
The average commute to work in Lake Success is 33 minutes; 17.2% of workers work from home.
What is the unemployment rate in Lake Success?
The unemployment rate in Lake Success is 3.3% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Lake Success?
66.6% of adults in Lake Success 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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