What is the median household income in the Village of Great Neck, NY?
The median household income in the Village of Great Neck, NY is $137,981 (±$19,396) a year (2020–2024 American Community Survey).
Paying the median gross rent of $1,807 a month would take about $72,300 a year at the common guideline of spending no more than 30% of income on rent.
In the Village of Great Neck, the median household income went from $100,766 in 2015–2019 to $137,981 in 2020–2024 (+36.9%).
Prices (CPI-U) rose 22.7% over the same years; the change is not measurably different from the rise in prices.
Figures last updated on .
- Median household income
- $137,981 (±$19,396)
- Median renter income
- $77,188 (±$36,596)
- Income to afford median rent
- about $72,300
Income in the Village of Great Neck against Nassau County, its state and the nation
| Village of Great Neck | Nassau County | New York | United States | |
|---|---|---|---|---|
| Median household income | $137,981 (±$19,396) | $146,202 (±$1,472) | $85,974 (±$402) | $80,734 |
| Median renter household income | $77,188 (±$36,596) | $77,626 (±$3,199) | $57,803 (±$395) | $52,966 |
| Median owner household income | $154,571 (±$40,076) | $164,310 (±$2,130) | $114,563 (±$568) | $100,009 |
| Median gross rent | $1,807 (±$530) | $2,252 (±$41) | $1,621 (±$7) | $1,413 |
In the Village of Great Neck, median household income is not measurably different from Nassau County ($146,202).
It is also higher than in New York ($85,974).
It is higher than the national figure ($80,734).
In Nassau County, the Village of Great Neck ranks 49 of 63 places with a published estimate, from highest to lowest median household income.
Statewide, it ranks 90 of 527.
Rankings use the estimates alone; where margins of error overlap, neighboring ranks may not truly differ.
How much you need to earn to rent in the Village of Great Neck
Many landlords and housing programs use 30% of gross income as the most a household should spend on rent.
At that guideline, the median gross rent of $1,807 a month ($21,684 a year) needs an income of about $72,300 a year.
The median renting household in the Village of Great Neck earns $77,188 a year.
This is arithmetic on the published medians, not a rule any landlord must follow; screening criteria vary and some places limit how income may be weighed.
Income against housing costs since 2015–2019
| 2015–2019 | 2020–2024 | Amount of change | Verdict | |
|---|---|---|---|---|
| Median household income | $100,766 (±$12,009) | $137,981 (±$19,396) | +36.9% | No measurable change after inflation |
| Median gross rent | $2,049 (±$520) | $1,807 (±$530) | −11.8% | No measurable change after inflation |
| Median home value | $843,700 (±$36,406) | $968,500 (±$61,817) | +14.8% | No measurable change after inflation |
The Census Bureau publishes 2015–2019 dollars in 2019 dollars and 2020–2024 dollars in 2024 dollars.
Prices (the CPI-U, US Bureau of Labor Statistics) rose 22.7% between 2019 and 2024, so a dollar figure’s verdict compares the two after raising the earlier one by that much, using the Census Bureau’s test for a difference.
The two periods do not overlap, as the Census Bureau recommends for 5-year estimates.
Median household income in places near the Village of Great Neck
| Place | Distance | Median household income | Compared with this place |
|---|---|---|---|
| Village of Great Neck | — | $137,981 (±$19,396) | — |
| Great Neck Gardens | 0.7 mi | $136,092 (±$58,694) | Not measurably different |
| Village of Kensington | 0.9 mi | $220,625 (±$45,472) | Higher |
| Village of Saddle Rock | 1.0 mi | $175,625 (±$58,815) | Not measurably different |
| Village of Kings Point | 1.1 mi | $211,299 (±$36,951) | Higher |
| Village of Great Neck Plaza | 1.1 mi | $92,474 (±$19,682) | Lower |
| Village of Great Neck Estates | 1.2 mi | $237,788 (±$52,803) | Higher |
| Village of Thomaston | 1.4 mi | $157,917 (±$33,507) | Not measurably different |
| Village of Plandome Heights | 1.5 mi | $250,000 or more | — |
Nearby places with a measurably lower figure: Village of Great Neck Plaza, NY ($92,474).
Nearby places with a measurably higher figure: Village of Kensington, NY ($220,625), Village of Kings Point, NY ($211,299), Village of Great Neck Estates, NY ($237,788).
Distance is measured in a straight line between the Census Bureau’s internal points for each place.
Median household income across Nassau County, place by place
| Rank | Place | Median household income |
|---|---|---|
| 43 | Village of Rockville Centre | $151,938 (±$18,030) |
| 44 | Village of Floral Park | $150,084 (±$16,801) |
| 45 | Village of Malverne | $149,489 (±$18,549) |
| 46 | Village of Bayville | $149,191 (±$24,721) |
| 47 | Village of Westbury | $145,185 (±$14,726) |
| 48 | Village of New Hyde Park | $142,927 (±$32,948) |
| 49 | Village of Great Neck | $137,981 (±$19,396) |
| 50 | Village of Mineola | $137,739 (±$10,987) |
| 51 | Village of Lynbrook | $136,696 (±$15,304) |
| 52 | Village of Port Washington North | $136,389 (±$49,000) |
| 53 | Village of Valley Stream | $133,190 (±$13,357) |
| 54 | Village of East Rockaway | $124,929 (±$16,509) |
| 55 | Village of Farmingdale | $122,980 (±$14,873) |
Showing 13 of 63 places in Nassau County, ranked from highest to lowest.
Survey years: 2020–2024 (American Community Survey 5-year estimates), compared with 2015–2019.
Margins of error are at the 90% confidence level.
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Questions about Village of Great Neck
What is the median household income in the Village of Great Neck?
The median household income in the Village of Great Neck is $137,981 (±$19,396) a year (2020–2024 American Community Survey).
How much do you need to make to afford rent in the Village of Great Neck?
About $72,300 a year, if rent is to stay at or below 30% of income at the median gross rent of $1,807 a month.
Have incomes in the Village of Great Neck kept up with inflation?
In the Village of Great Neck, the median household income went from $100,766 in 2015–2019 to $137,981 in 2020–2024 (+36.9%).
Prices (CPI-U) rose 22.7% over the same years; the change is not measurably different from the rise in prices.
What do renters earn in the Village of Great Neck?
The median renting household in the Village of Great Neck, NY earns $77,188 (±$36,596) a year.
Sources
- Selected Economic Characteristics (DP03), 2020–2024 ACS 5-year estimates — Great Neck village, New York
- Median Household Income by Tenure (B25119), 2020–2024 ACS 5-year estimates — Great Neck village, New York
- Selected Housing Characteristics (DP04), 2020–2024 ACS 5-year estimates — Great Neck village, New York
- Median Household Income (B19013), 2015–2019 ACS 5-year estimates — Great Neck village, New York
- Median Gross Rent (B25064), 2015–2019 ACS 5-year estimates — Great Neck village, New York
- Median Value (B25077), 2015–2019 ACS 5-year estimates — Great Neck village, New York
- Consumer Price Index for All Urban Consumers (CPI-U), US city average, all items, US Bureau of Labor Statistics: annual averages 2019 and 2024
To check these figures in the Census Bureau’s own API, request the variables below from the 2024 ACS 5-year data profile (acs/acs5/profile) and detailed tables (acs/acs5) for Great Neck village, New York (place:30169, in state:36).
Each estimate (E or PE) has a margin of error beside it (M or PM).
The 2015–2019 figures are B19013_001E, B19013_001M, B25064_001E, B25064_001M, B25077_001E, B25077_001M from the 2019 release.
The API needs a free key.
DP03_0062E, DP03_0062M, B25119_003E, B25119_003M, B25119_002E, B25119_002M, DP04_0134E, DP04_0134M
This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.
Figures are published by the US Census Bureau, HUD, the Bureau of Labor Statistics and the FBI; Seayora reproduces them and does not adjust them, except where a sentence says it compares dollar figures after inflation. They describe the whole place, not any one building or street, and are not an appraisal, a rent determination, a tax bill, a safety rating or legal advice.
Figures last updated on .
Related
- Housing in the Village of Great Neck at a glance
- Median rent in the Village of Great Neck
- Rent burden in the Village of Great Neck
- Renters and owners in the Village of Great Neck
- Home values in the Village of Great Neck
- Homeowner costs in the Village of Great Neck
- Property taxes in the Village of Great Neck
- Types of homes in the Village of Great Neck
- Bedrooms in the Village of Great Neck
- Age of homes in the Village of Great Neck
- Heating fuel in the Village of Great Neck
- Commute and cars in the Village of Great Neck
- Population growth in the Village of Great Neck
- How long people stay in the Village of Great Neck
- Crowding and facilities in the Village of Great Neck
- Local landlord and tenant rules in the Village of Great Neck
- New York landlord and tenant rules
- Housing across Nassau County
- New York places ranked by median household income
- Housing data for every place in New York