Great Neck, NY
Population 11,068 · New York
About Great Neck, NY
Great Neck is a mid-sized city located in New York with a population of 11,068 residents according to the latest US Census Bureau American Community Survey data. The median household income is $137,095 per year, which is 82% above the national median of $75,149. The median age of 34.4 years is notably younger the US median age of 38.9 years, indicating a younger, often more dynamic population base.
Housing Market Overview
The housing market in Great Neck features a median home value of $953,400, which is 289% above the national median of $244,900. This places Great Neck in a higher-cost housing market, where property demand often outpaces supply. Median monthly rent is $2,195, 89% above the national average of $1,163/month. Of the 3,724 total housing units, 71% are owner-occupied (2,360 units) and 29% are renter-occupied (975 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Great Neck shows an unemployment rate of 5.9%, which is significantly above the national rate of 3.7%, suggesting economic challenges in the area. The poverty rate stands at 7.2%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Great Neck have an average one-way commute time of 38.2 minutes, suggesting many residents commute to jobs in a nearby metro area.
Education & Demographics
58.4% of Great Neck residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. This significantly higher educational attainment rate often correlates with access to knowledge-economy jobs and higher household incomes. The community's demographic composition includes 3.1% White, 0.0% Hispanic or Latino, 0.7% Black or African American, and 5.3% Asian residents, with 31.2% of the population being foreign-born.
Cost of Living in Great Neck, NY
Compared to national averages, Great Neck has a median household income of $137,095 (82% above the national median of $75,149). Home values average $953,400, which is 289% above the national median. Monthly rent at $2,195 is 89% above the US average of $1,163. Within New York, Great Neck's income is 41% above the state average of $96,987, and home values are 146% above the state median of $387,181.
Why Live in Great Neck, NY?
Great Neck offers a strong local economy with a median household income of $137,095, well above the national average, and a well-educated community where 58.4% of residents hold a bachelor’s degree or higher, and a low poverty rate of 7.2%, better than the national average.
Potential considerations include a competitive housing market where the typical home costs $953,400. However, Great Neck’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Great Neck has a population of 11,068 with a median age of 34.4 years. Compare Great Neck with other cities to see how it stacks up, or explore all cities in New York.
Similar Cities Near Great Neck
Cities in New York with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Lake Grove | 11,050 | $119,558 | $550,700 | Compare |
| Middle Island | 11,086 | $89,702 | $347,900 | Compare |
| North Bellport | 10,999 | $99,551 | $392,100 | Compare |
| Elwood | 11,140 | $170,987 | $664,200 | Compare |
| North Lindenhurst | 11,153 | $125,369 | $469,400 | Compare |
| Terryville | 10,962 | $112,262 | $445,100 | Compare |
| De Witt | 10,815 | $120,539 | $271,700 | Compare |
| Roessleville | 11,327 | $87,022 | $249,100 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in New York
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
Compare Great Neck With Other Cities
Frequently Asked Questions about Great Neck
What is the population of Great Neck, NY?
The population of Great Neck, NY is 11,068 according to the latest US Census Bureau American Community Survey estimates. This makes it a mid-sized city in New York.
What is the median household income in Great Neck?
The median household income in Great Neck, NY is $137,095 per year, which is 82% above the national median of $75,149.
What is the median home value in Great Neck?
The median home value in Great Neck, NY is $953,400, which is 289% above the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Great Neck?
The median monthly rent in Great Neck, NY is $2,195, which is 89% above the national average of $1,163/month.
What is the unemployment rate in Great Neck?
The unemployment rate in Great Neck, NY is 5.9%, compared to the national average of 3.7%. Job seekers may want to research the dominant industries in the area.
Is Great Neck, NY a good place to live?
Great Neck offers above-average incomes, a competitive housing market, and growing employment opportunities. With a population of 11,068 and a median age of 34.4, the city appeals to young professionals and families.
How educated is Great Neck, NY?
58.4% of residents in Great Neck aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. This above-average educational attainment often reflects a knowledge-based local economy.
What is the cost of living in Great Neck?
Key cost-of-living indicators for Great Neck, NY: median home value is $953,400 (289% above national), median rent is $2,195/month, and median household income is $137,095. The home-value-to-income ratio is 7.0x, which suggests housing may be stretched relative to local earnings.
What is the poverty rate in Great Neck?
The poverty rate in Great Neck, NY is 7.2%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Great Neck, NY?
Great Neck's population is 3.1% White, 0.0% Hispanic or Latino, 0.7% Black or African American, 5.3% Asian, and 2.2% two or more races. 31.2% of residents are foreign-born.