Lake Grove, NY
Population 11,050 · New York
About Lake Grove, NY
Lake Grove is a mid-sized city located in New York with a population of 11,050 residents according to the latest US Census Bureau American Community Survey data. The median household income is $119,558 per year, which is 59% above the national median of $75,149. The median age of 42.1 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 Lake Grove features a median home value of $550,700, which is 125% above the national median of $244,900. This places Lake Grove in a higher-cost housing market, where property demand often outpaces supply. Median monthly rent is $2,208, 90% above the national average of $1,163/month. Of the 3,854 total housing units, 79% are owner-occupied (2,963 units) and 21% are renter-occupied (797 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Lake Grove shows an unemployment rate of 6.0%, which is significantly above the national rate of 3.7%, suggesting economic challenges in the area. The poverty rate stands at 6.1%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Lake Grove have an average one-way commute time of 38.3 minutes, suggesting many residents commute to jobs in a nearby metro area.
Education & Demographics
46.7% of Lake Grove 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 1.0% White, 1.0% Hispanic or Latino, 8.3% Black or African American, and 6.4% Asian residents, with 16.9% of the population being foreign-born.
Cost of Living in Lake Grove, NY
Compared to national averages, Lake Grove has a median household income of $119,558 (59% above the national median of $75,149). Home values average $550,700, which is 125% above the national median. Monthly rent at $2,208 is 90% above the US average of $1,163. Within New York, Lake Grove's income is 23% above the state average of $96,987, and home values are 42% above the state median of $387,181.
Why Live in Lake Grove, NY?
Lake Grove offers a strong local economy with a median household income of $119,558, well above the national average, and a well-educated community where 46.7% of residents hold a bachelor’s degree or higher, and a low poverty rate of 6.1%, better than the national average.
Potential considerations include a competitive housing market where the typical home costs $550,700. However, Lake Grove’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Lake Grove has a population of 11,050 with a median age of 42.1 years. Compare Lake Grove with other cities to see how it stacks up, or explore all cities in New York.
Similar Cities Near Lake Grove
Cities in New York with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Great Neck | 11,068 | $137,095 | $953,400 | Compare |
| Middle Island | 11,086 | $89,702 | $347,900 | Compare |
| North Bellport | 10,999 | $99,551 | $392,100 | Compare |
| Terryville | 10,962 | $112,262 | $445,100 | Compare |
| Elwood | 11,140 | $170,987 | $664,200 | Compare |
| North Lindenhurst | 11,153 | $125,369 | $469,400 | Compare |
| De Witt | 10,815 | $120,539 | $271,700 | Compare |
| Myers Corner | 10,786 | $109,133 | $379,400 | 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 Lake Grove With Other Cities
Frequently Asked Questions about Lake Grove
What is the population of Lake Grove, NY?
The population of Lake Grove, NY is 11,050 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 Lake Grove?
The median household income in Lake Grove, NY is $119,558 per year, which is 59% above the national median of $75,149.
What is the median home value in Lake Grove?
The median home value in Lake Grove, NY is $550,700, which is 125% above the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Lake Grove?
The median monthly rent in Lake Grove, NY is $2,208, which is 90% above the national average of $1,163/month.
What is the unemployment rate in Lake Grove?
The unemployment rate in Lake Grove, NY is 6.0%, compared to the national average of 3.7%. Job seekers may want to research the dominant industries in the area.
Is Lake Grove, NY a good place to live?
Lake Grove offers above-average incomes, a competitive housing market, and growing employment opportunities. With a population of 11,050 and a median age of 42.1, the city appeals to a broad range of residents.
How educated is Lake Grove, NY?
46.7% of residents in Lake Grove 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 Lake Grove?
Key cost-of-living indicators for Lake Grove, NY: median home value is $550,700 (125% above national), median rent is $2,208/month, and median household income is $119,558. The home-value-to-income ratio is 4.6x, a moderate figure by national standards.
What is the poverty rate in Lake Grove?
The poverty rate in Lake Grove, NY is 6.1%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Lake Grove, NY?
Lake Grove's population is 1.0% White, 1.0% Hispanic or Latino, 8.3% Black or African American, 6.4% Asian, and 1.1% two or more races. 16.9% of residents are foreign-born.