How Much Does It Cost To Live In Long Island?

What is a good salary on Long Island?

The average pay on Long Island in 2017 is $57,650, according to a survey conducted by the state’s Department of Labor.

Wages range from a low of $20,860 for manicurists and some garment workers to an average high of $297,980 for surgeons, the survey found..

How much does a house in Long Island cost?

The median price of a home sold in Suffolk County rose 9 percent in December to $365,000 when compared with the price a year earlier. In Nassau, the rise was 6.4 percent to $499,000, according to the Multiple Listing Service of Long Island.

What is the most expensive place to live on Long Island?

Muttontown was ranked one of the wealthiest towns in America by BusinessWeek. The village and its surrounding areas make up the “Gold Coast” of Long Island. Historically, The Gold Coast has been home to some of the most affluent families in New York.

Is Long Island rich?

Long Island is known for its affluence and high quality of life. According to Forbes Magazine, Nassau and Suffolk Counties are among the top 25 richest counties in America. Additionally, Nassau County is the third richest county per capita in New York State, and the 30th richest in the nation.

Why is rent so high on Long Island?

Rental prices and house purchase prices are high because demand for a decent place far exceeds supply. If all those people who hate Long Island would just move away the resulting reduced demand would make Long Island houses and rentals much cheaper for us who want to stay.

Is it expensive to live in Long Island?

Long Island Is The Second Most Expensive Place To Live In The United States. When it comes to living on Long island we all know it isn’t the cheapest place to live. … It turns out that Long Island is the second most expensive place to live in the United States. It cost a family of four $103,000 a year just to get by.