Living in Locust Valley, New York
Cost of living, income, home prices, rent and demographics of Locust Valley · Census data 2020–2024
Locust Valley has 4,153 residents with a median age of 41.9. The median household income is $152,472 (77% higher than the New York median), the median home value is $846,500, the median rent is $2,324/month.
Locust Valley at a glance
- Population
- 4,153
- Median age
- 41.9State: 39.8
- Median household income
- $152,472State: $85,974
- Median home value
- $846,500State: $423,800
- Median rent
- $2,324/moState: $1,621
- Homeowners
- 86.1%
- Bachelor's degree or higher
- 60.9%
- Average commute
- 33 min
Is Locust Valley a good place to live?
Pros: Median household income 77% higher than the New York median; unemployment of 5%; a poverty rate of 2.5%.
Cons: Home values 100% 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 Locust Valley
Housing is the biggest part of the cost of living. In Locust Valley the median home value is $846,500, 154% higher than the U.S. median. Renters pay a median of $2,324 per month, which is 51% of household income. Homeowners with a mortgage pay $3,973 a month in housing costs.
Locust Valley median household income
The median household income in Locust Valley is $152,472 and the income per person is $83,680. 2.5% of residents live below the poverty line (New York: 14%).
Housing in Locust Valley: homes for sale and rent
- Housing units
- 1,254
- Owner-occupied
- 86.1%
- Renter-occupied
- 13.9%
- Vacant
- 1%Includes seasonal homes
- Median year built
- 1945
- Average household size
- 3.32
Locust Valley demographics
- Population
- 4,153
- Median age
- 41.9
- Under 18
- 32.5%
- 65 and older
- 17.7%
- Households
- 1,241
- Foreign-born
- 16.7%
- Veterans
- 5.3%Adults 18+
Hispanic or Latino can be of any race. Population history of Locust Valley ›
Education in Locust Valley
60.9% of adults 25 and older in Locust Valley have a bachelor's degree or higher (New York: 40.2%), and 31.1% have a graduate or professional degree.
Jobs and commute in Locust Valley
- Unemployment rate
- 5%State: 6.4%
- Average commute
- 33 minState: 33 min
- Work from home
- 21%
- Drive alone
- 60%
- Public transit
- 13.1%
- Walk to work
- 0.6%
- Homes with broadband
- 89.8%
Locust Valley vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Locust Valley | 4,153 | $152,472 | $846,500 | $2,324 |
| Lattingtown | 1,962 | $250,001 | $1,633,900 | $3,501 |
| Mill Neck | 1,136 | $196,359 | $1,368,800 | $3,501 |
| Bayville | 6,744 | $149,191 | $710,000 | $2,127 |
| Upper Brookville | 2,004 | $250,001 | $2,000,001 | $1,750 |
| Glen Head | 4,653 | $138,465 | $872,000 | $2,440 |
| Glen Cove | 28,112 | $92,064 | $698,900 | $2,398 |
| Old Brookville | 2,107 | $250,001 | $2,000,001 | $2,346 |
| Oyster Bay | 7,308 | $111,264 | $695,500 | $2,225 |
More for people moving to Locust Valley
Locust Valley ZIP code ›Weather and climate ›Living in Locust Valley: FAQ
What is the median household income in Locust Valley, NY?
The median household income in Locust Valley is $152,472, 77% 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 Locust Valley?
The median home value in Locust Valley is $846,500, compared with $423,800 in New York.
How much is rent in Locust Valley?
The median gross rent in Locust Valley is $2,324 per month, about 51% of household income.
Is Locust Valley, NY a good place to live?
Pluses: median household income 77% higher than the New York median; unemployment of 5%; a poverty rate of 2.5%. Minuses: home values 100% higher than the state median; an average commute of 33 minutes.
What is the median age in Locust Valley?
The median age in Locust Valley is 41.9 years (New York: 39.8).
How long is the commute in Locust Valley?
The average commute to work in Locust Valley is 33 minutes; 21% of workers work from home.
What is the unemployment rate in Locust Valley?
The unemployment rate in Locust Valley is 5% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Locust Valley?
60.9% of adults in Locust Valley 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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