Great Neck Estates, NY
Population 2,968 · New York
About Great Neck Estates, NY
Great Neck Estates is a small town located in New York with a population of 2,968 residents according to the latest US Census Bureau American Community Survey data. The median household income is $211,875 per year, which is 182% above the national median of $75,149. The median age of 42 years is notably older the US median age of 38.9 years, suggesting a more established community with a higher proportion of long-term residents.
Housing Market Overview
The housing market in Great Neck Estates features a median home value of $1,670,600, which is 582% above the national median of $244,900. This places Great Neck Estates in a higher-cost housing market, where property demand often outpaces supply. Median monthly rent is $3,501, 201% above the national average of $1,163/month. Of the 962 total housing units, 92% are owner-occupied (808 units) and 8% are renter-occupied (73 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Great Neck Estates shows an unemployment rate of 1.6%, which is lower than the national rate of 3.7%, indicating a relatively strong job market. The poverty rate stands at 2.7%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Great Neck Estates have an average one-way commute time of 37.8 minutes, suggesting many residents commute to jobs in a nearby metro area.
Education & Demographics
67.3% of Great Neck Estates 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 0.3% White, 5.4% Hispanic or Latino, 1.5% Black or African American, and 1.0% Asian residents, with 29.4% of the population being foreign-born.
Cost of Living in Great Neck Estates, NY
Compared to national averages, Great Neck Estates has a median household income of $211,875 (182% above the national median of $75,149). Home values average $1,670,600, which is 582% above the national median. Monthly rent at $3,501 is 201% above the US average of $1,163. Within New York, Great Neck Estates's income is 118% above the state average of $96,987, and home values are 331% above the state median of $387,181.
Why Live in Great Neck Estates, NY?
Great Neck Estates offers a strong local economy with a median household income of $211,875, well above the national average, and a strong job market with an unemployment rate of just 1.6%, and a well-educated community where 67.3% of residents hold a bachelor’s degree or higher. Additionally, the city features a low poverty rate of 2.7%, better than the national average.
Potential considerations include a competitive housing market where the typical home costs $1,670,600. However, Great Neck Estates’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Great Neck Estates has a population of 2,968 with a median age of 42 years. Compare Great Neck Estates with other cities to see how it stacks up, or explore all cities in New York.
Similar Cities Near Great Neck Estates
Cities in New York with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Green Island | 2,966 | $70,281 | $137,300 | Compare |
| Lakewood | 2,975 | $70,962 | $146,300 | Compare |
| Valhalla | 2,978 | $125,135 | $696,200 | Compare |
| Roslyn | 2,955 | $123,725 | $623,800 | Compare |
| New York Mills | 2,989 | $55,682 | $163,000 | Compare |
| Brookville | 2,944 | $250,001 | $2,000,001 | Compare |
| Westfield | 2,937 | $43,385 | $91,700 | Compare |
| Lake Delta | 3,005 | $97,917 | $224,200 | 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 Estates With Other Cities
Frequently Asked Questions about Great Neck Estates
What is the population of Great Neck Estates, NY?
The population of Great Neck Estates, NY is 2,968 according to the latest US Census Bureau American Community Survey estimates. This makes it a small town in New York.
What is the median household income in Great Neck Estates?
The median household income in Great Neck Estates, NY is $211,875 per year, which is 182% above the national median of $75,149.
What is the median home value in Great Neck Estates?
The median home value in Great Neck Estates, NY is $1,670,600, which is 582% above the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Great Neck Estates?
The median monthly rent in Great Neck Estates, NY is $3,501, which is 201% above the national average of $1,163/month.
What is the unemployment rate in Great Neck Estates?
The unemployment rate in Great Neck Estates, NY is 1.6%, compared to the national average of 3.7%. This lower-than-average rate suggests a relatively healthy local job market.
Is Great Neck Estates, NY a good place to live?
Great Neck Estates offers above-average incomes, a competitive housing market, and a strong job market. With a population of 2,968 and a median age of 42, the city appeals to a broad range of residents.
How educated is Great Neck Estates, NY?
67.3% of residents in Great Neck Estates 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 Estates?
Key cost-of-living indicators for Great Neck Estates, NY: median home value is $1,670,600 (582% above national), median rent is $3,501/month, and median household income is $211,875. The home-value-to-income ratio is 7.9x, which suggests housing may be stretched relative to local earnings.
What is the poverty rate in Great Neck Estates?
The poverty rate in Great Neck Estates, NY is 2.7%, 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 Estates, NY?
Great Neck Estates's population is 0.3% White, 5.4% Hispanic or Latino, 1.5% Black or African American, 1.0% Asian, and 0.3% two or more races. 29.4% of residents are foreign-born.