Great Neck Plaza, NY
Population 7,503 · New York
About Great Neck Plaza, NY
Great Neck Plaza is a small town located in New York with a population of 7,503 residents according to the latest US Census Bureau American Community Survey data. The median household income is $106,549 per year, which is 42% above the national median of $75,149. The median age of 49 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 Plaza features a median home value of $381,900, which is 56% above the national median of $244,900. This places Great Neck Plaza in a higher-cost housing market, where property demand often outpaces supply. Median monthly rent is $2,386, 105% above the national average of $1,163/month. Of the 4,149 total housing units, 55% are owner-occupied (2,162 units) and 45% are renter-occupied (1,757 units). The balanced mix of owners and renters indicates a diverse housing market.
Economy & Employment
The local economy in Great Neck Plaza shows an unemployment rate of 7.6%, which is significantly above the national rate of 3.7%, suggesting economic challenges in the area. The poverty rate stands at 6.9%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Great Neck Plaza have an average one-way commute time of 38.7 minutes, suggesting many residents commute to jobs in a nearby metro area.
Education & Demographics
66.8% of Great Neck Plaza 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 0.1% White, 2.0% Hispanic or Latino, 0.3% Black or African American, and 12.3% Asian residents, with 37.9% of the population being foreign-born.
Cost of Living in Great Neck Plaza, NY
Compared to national averages, Great Neck Plaza has a median household income of $106,549 (42% above the national median of $75,149). Home values average $381,900, which is 56% above the national median. Monthly rent at $2,386 is 105% above the US average of $1,163. Within New York, Great Neck Plaza's income is 10% above the state average of $96,987, and home values are 1% below the state median of $387,181.
Why Live in Great Neck Plaza, NY?
Great Neck Plaza offers a strong local economy with a median household income of $106,549, well above the national average, and a well-educated community where 66.8% of residents hold a bachelor’s degree or higher, and a low poverty rate of 6.9%, better than the national average.
Potential considerations include a competitive housing market where the typical home costs $381,900. However, Great Neck Plaza’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Great Neck Plaza has a population of 7,503 with a median age of 49 years. Compare Great Neck Plaza with other cities to see how it stacks up, or explore all cities in New York.
Similar Cities Near Great Neck Plaza
Cities in New York with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Williston Park | 7,508 | $152,656 | $731,700 | Compare |
| Mechanicstown | 7,479 | $90,414 | $293,800 | Compare |
| Viola | 7,470 | $95,383 | $1,006,700 | Compare |
| Nyack | 7,469 | $118,889 | $619,300 | Compare |
| Baywood | 7,577 | $112,546 | $411,900 | Compare |
| Hewlett | 7,599 | $135,139 | $609,800 | Compare |
| Hudson Falls | 7,401 | $62,237 | $158,700 | Compare |
| Port Jefferson Station | 7,605 | $117,087 | $472,400 | 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 Plaza With Other Cities
Frequently Asked Questions about Great Neck Plaza
What is the population of Great Neck Plaza, NY?
The population of Great Neck Plaza, NY is 7,503 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 Plaza?
The median household income in Great Neck Plaza, NY is $106,549 per year, which is 42% above the national median of $75,149.
What is the median home value in Great Neck Plaza?
The median home value in Great Neck Plaza, NY is $381,900, which is 56% above the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Great Neck Plaza?
The median monthly rent in Great Neck Plaza, NY is $2,386, which is 105% above the national average of $1,163/month.
What is the unemployment rate in Great Neck Plaza?
The unemployment rate in Great Neck Plaza, NY is 7.6%, compared to the national average of 3.7%. Job seekers may want to research the dominant industries in the area.
Is Great Neck Plaza, NY a good place to live?
Great Neck Plaza offers above-average incomes, a competitive housing market, and growing employment opportunities. With a population of 7,503 and a median age of 49, the city appeals to established professionals and retirees.
How educated is Great Neck Plaza, NY?
66.8% of residents in Great Neck Plaza 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 Plaza?
Key cost-of-living indicators for Great Neck Plaza, NY: median home value is $381,900 (56% above national), median rent is $2,386/month, and median household income is $106,549. The home-value-to-income ratio is 3.6x, a moderate figure by national standards.
What is the poverty rate in Great Neck Plaza?
The poverty rate in Great Neck Plaza, NY is 6.9%, 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 Plaza, NY?
Great Neck Plaza's population is 0.1% White, 2.0% Hispanic or Latino, 0.3% Black or African American, 12.3% Asian, and 0.4% two or more races. 37.9% of residents are foreign-born.