Cost of Living in Great Neck Plaza, NY

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F
39%
Overall NAT. AVG.
7%
Groceries NAT. AVG.
107%
Housing NAT. AVG.
Date & Last Updated: These cost of living estimates reflect 2026 modeled data using U.S. Census housing inputs and AI-assisted city-level pricing models.
The cost of living index is based on a national average of 100. For example, if the cost of living score is 90, then the estimated cost of living is 10% lower than the national average. If the score is 110, then the estimated cost of living is 10% higher than average. The overall index is calculated using weighted estimates across major everyday expense categories, including housing (30%), groceries (16%), transportation (12%), healthcare (10%), utilities (8%), lifestyle and entertainment (8%), household expenses (8%), and education and childcare (8%). All values are AI-assisted city-level estimates designed for directional comparisons.
Index Great Neck Plaza New York National
Cost of living139121100
Groceries107106100
Health care107110100
Housing207144100
Transportation109113100
Utilities113112100
Lifestyle & Entertainment106111100
Household Items107106100
Education & Childcare118118100
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Homes For Sale In Great Neck Plaza, NY

property for sale

50 Hill Park Ave Unit 3E

Great Neck, NY
property for sale

21 Barstow Rd Unit 2-I

Great Neck, NY
property for sale

25 Canterbury Rd Apt 3L

Great Neck, NY
property for sale

40 Stoner Ave Apt 1D

Great Neck, NY

Cost Of Living Quick Facts

  • The cost of living in Great Neck Plaza is 15% higher than the New York average
  • The cost of living in Great Neck Plaza is 39% higher than the national average
  • Great Neck Plaza housing is 107% higher than the national average
  • New York general sales tax is 22% lower than the national average
  • New York state income tax is 54% higher than the national average

Most Affordable Places to Live in and Around Great Neck Plaza

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      Salary Calculator

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      Cost of living index
      Groceries index
      Health care index
      Housing index
      Transportation index
      Utilities index
      Lifestyle index
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      Educare index

      Median Income & Debt-To-Income Ratio

      Median Income Per Year Per Month Max Budget (28% DTI) Max Budget (36% DTI)
      Owners$156,155$13,013$3,643$4,685
      Renters$117,056$9,755$2,731$3,512
      A good way to judge both the affordability of the housing and the cost of living in Great Neck Plaza is by simply calculating the maximum that should be spent on housing, otherwise known as the debt-to-income ratio (DTI). The plan is to avoid spending more than 28 percent of the gross income on costs that pertain to housing and no more than 36 percent on all expenses and debts. Great Neck Plaza has a median income of about $156,155 for people who own homes. Based on that number, a maximum of $3,643 should be spent on expenses related to housing. Renters have a slightly different median income, which is $117,056. Based on this average, renters should spend no more than $2,731 on all rental costs if they want to maintain a non-impoverished standard of living.

      New York Sales Tax

      State General Sales Tax With Max Surtax
      New York 4% 8.875%

      New York Income Tax

      State Income Tax (Low) Income Tax (High)
      New York 4% 10.9%

      Nearby cities with low cost of living

      City Population Cost of Living Index National Avg.
      Greenville CDP (Greene County), NY6161066.1%
      Guttenberg, NJ11,55712928.6%
      West New York, NJ54,66413030.2%
      Hempstead, NY56,90813130.5%
      Fairview CDP, NJ3,95813332.7%
      Great Neck Plaza, NY7,14213938.5%

      Cities with similar population

      City Population Cost of Living Index National Avg.
      Madras, OR7,1401044.1%
      Westmere, NY7,13911918.6%
      Oak Ridge, NC7,13813837.5%
      Sturgis, SD7,137946.4%
      Batesville, IN7,147936.7%
      Great Neck Plaza, NY7,14213938.5%
      Date & Last Updated: These cost of living estimates reflect 2026 modeled data using U.S. Census housing inputs and AI-assisted city-level pricing models.
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