Great Neck Plaza, NY Cost Of Living
Cost Of Living In Great Neck Plaza, NY Summary
Cost of living in Great Neck Plaza research summary. The cost of living index is set to 100 for the average place in the United States. A cost of living index above 100 means Great Neck Plaza is expensive. An index value below 100 means the city is a relatively cheap place to live.
On a city-by-city basis in New York, home prices and rent have the biggest impact on the cost of living. Here are the key takeaways based on Saturday Night Science:
The cost of living index in Great Neck Plaza is 145, with 100 being the average.
The cost of living index in Great Neck Plaza is 1.4x higher than the national average.
Great Neck Plaza ranks as the #216 cheapest in New York out of 340.
Great Neck Plaza ranks as the #5,721 cheapest out of 6,412 in the US.
The median home value in Great Neck Plaza is $399,800.
The median income in Great Neck Plaza is $95,676.
Table Of Contents
Great Neck Plaza's Overall Cost Of Living
Higher Than The National Average
What is the cost of living in Great Neck Plaza, NY?
According to the most recent data on the cost of living, Great Neck Plaza has an overall cost of living index of 145, which is 1.4x higher than the national index of 100.
Compared to New York, Great Neck Plaza has a cost of living index that's 1.2x higher than New York's index of 126.
The standard of living in Great Neck Plaza ranks as #216 most affordable out of the 340 places we measured in New York. By definition, that implies Great Neck Plaza ranks as the #124 most expensive place in the Empire State.
For more reading on life in Great Neck Plaza, check out:
- Living In Great Neck Plaza
- Search Homes For Sale In Great Neck Plaza, NY
In New York
In America
Great Neck Plaza Cost Of Living Vs. New York
Six factors go into calculating the cost of living index in Great Neck Plaza. Here is how it fairs on each of the criteria:
The Services index in Great Neck Plaza is 135.
The Groceries index in Great Neck Plaza is 149.
The Health index in Great Neck Plaza is 108.
The Housing index in Great Neck Plaza is 184.
The Transportation index in Great Neck Plaza is 134.
The Utilities index in Great Neck Plaza is 99.
| Living Expense | Great Neck Plaza | New York | National Average | |
|---|---|---|---|---|
| Overall | 145 | 126 | 100 | |
| Services | 135 | 110 | 100 | |
| Groceries | 149 | 104 | 100 | |
| Health | 108 | 105 | 100 | |
| Housing | 184 | 175 | 100 | |
| Transportation | 134 | 107 | 100 | |
| Utilities | 99 | 102 | 100 | |
Great Neck Plaza, NY Housing Cost Breakdown
Housing swings affordability the most between places in New York, so we broke down housing costs into more detail. Home and income data comes from the most recent US Census ACS 2017-2021. The key points are:
The Median Home Value in Great Neck Plaza is $399,800.
The Median Rent in Great Neck Plaza is $2,127.
The Median Income in Great Neck Plaza is $95,676.
The Home Value To Income in Great Neck Plaza is 4.2x.
The Rent To Monthly Income in Great Neck Plaza is 0.27x.
| Statistic | Great Neck Plaza | New York | United States |
|---|---|---|---|
| Median Home Value | $399,800 | $340,600 | $244,900 |
| Median Rent | $2,127 | $1,390 | $1,163 |
| Median Income | $95,676 | $75,157 | $69,021 |
| Home Value To Income | 4.2x | 4.5x | 3.5x |
| Rent To Monthly Income | 0.27x | 0.22x | 0.2x |
Median Home Value
Median Rent
Median Income
Great Neck Plaza, NY Costs By Category
Detailed Great Neck Plaza Services Costs Vs. New York
| Item | Great Neck Plaza | New York |
|---|---|---|
| Shampoo | $1.67 | $1.06 |
| Movie | $16.31 | $10.68 |
| Bowling | $20.49 | $14.67 |
| Haircut | $23.25 | $18.62 |
| Beauty Salon | $60.79 | $39.05 |
Detailed Great Neck Plaza Groceries Costs Vs. New York
| Item | Great Neck Plaza | New York |
|---|---|---|
| Ground Beef | $6.4 | $4.22 |
| Fried Chicken | $2.65 | $1.39 |
| Milk | $3.11 | $2.05 |
| Potatoes | $4.16 | $3.29 |
| Pizza | $12.33 | $10.62 |
| Beer | $12.01 | $9.38 |
| Toothpaste | $4.42 | $2.34 |
Detailed Great Neck Plaza Health Costs Vs. New York
| Item | Great Neck Plaza | New York |
|---|---|---|
| Optometrist | $108.08 | $108.57 |
| Doctor | $106.72 | $116.17 |
| Dentist | $124.43 | $99.13 |
Detailed Great Neck Plaza Transportation Costs Vs. New York
| Item | Great Neck Plaza | New York |
|---|---|---|
| Gasoline | $2.62 | $2.22 |
| Tire Balancing | $80.22 | $50.07 |
Detailed Great Neck Plaza Utilities Costs Vs. New York
| Item | Great Neck Plaza | New York |
|---|---|---|
| All Electricity | $157.7 | $167.67 |
| Phone | $189.52 | $175.64 |
Great Neck Plaza SnackAbility
/10
Cost Of Living In Cities Around Great Neck Plaza
The cost of living varies in the cities and towns around Great Neck Plaza. Here's a quick look at the cost of living in the most populous nearby places:
Levittown, NY has a cost of living index of 140, 1.0x Great Neck Plaza.
Plainview, NY has a cost of living index of 155, 1.1x Great Neck Plaza.
Massapequa, NY has a cost of living index of 163, 1.1x Great Neck Plaza.
| City | Population | Cost Of Living | Vs. Great Neck Plaza |
|---|---|---|---|
| Levittown, NY | 52,540 | 140 | 1.0x |
| Plainview, NY | 26,665 | 155 | 1.1x |
| Massapequa, NY | 22,249 | 163 | 1.1x |
| Merrick, NY | 20,990 | 172 | 1.2x |
| Syosset, NY | 19,347 | 177 | 1.2x |
| Woodmere, NY | 17,267 | 176 | 1.2x |
| Massapequa Park, NY | 17,149 | 157 | 1.1x |
| Great Neck, NY | 11,034 | 196 | 1.4x |
| Malverne, NY | 8,583 | 149 | 1.0x |
| Bronxville, NY | 6,569 | 221 | 1.5x |
