What Is The Most Expensive Neighborhood In Long Island?

Why is Long Island so rich?

Long Island, NY is rich in farming history and features many produce farms located on both the North Shore and South Shores.

Because the western and central regions of the island are now largely devoted to residential use, the East End of the island is now the primary agricultural area of Long Island..

Who is the largest employer on Long Island?

Long Island’s largest employersNorthwell Health. Credit: Randee Daddona. … New York State. Credit: Getty Images. … Catholic Health Services. Credit: Newsday / Leslie Barbour. … Nassau County. Credit: Amy Onorato. … Federal government. Credit: AP. … Suffolk County. Credit: Ed Betz. … Stop & Shop. Credit: Danielle Finkelstein. … Winthrop-University Hospital. Credit: Ian J.More items…

What is middle class income on Long Island?

The study defines middle class as $92,238 to $138,492 with the average household size of three people, taking into account the high cost of living on 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.

What is the richest part of Long Island?

When we think of “filthy rich,” most Long Islanders think of the Hamptons or the Gold Coast. And we wouldn’t be wrong, either. This time the North Shore came out on top. The affluent community of Sands Point in Nassau was named the richest town in New York with a median household income of $231,667.

Where do the rich live in 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.

Why are Long Island taxes so high?

Property values are high on the Island in part because Nassau and Suffolk are New York City suburbs. Property taxes are disproportionately high because more than 60% goes to fund public education. … To control property tax increases, the state has imposed either a 2% tax cap or the rate of inflation, whichever is lower.

What is living on Long Island like?

Long Island has plenty of beaches to hang around, Port Jefferson is a nice place. Housing may be bit expensive compared to what place has to offer but given its proximity to NYC its not surprising. People are very kind and amicable. Weather on long island can be pretty harsh during winters.

Is Long Island for the 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.

What is the poorest town on Long Island?

The communities that the report cited as having the top 10 highest rates of poverty and ALICE on LI were Riverside, Northampton, Inwood, Hempstead, Calverton, Greenport, Aquebogue, Moriches, Central Islip and Mastic Beach.

Is Long Island safe to live?

But Long Island is made of MANY different towns, neighborhoods, hamlets and townships with varying degrees of safety. Relatively speaking I’d say most places are safer than New York City, but there are some places I’d never wanna be caught in on Long Island. … Like Long Island, you have nice places and rough places.

Is Long Island poor?

Consider this: Long Island’s official poverty rate is at its highest level since 1959: 6.7 percent of Long Islanders, or 185,415 residents, fall below the federal poverty line, according to a study by the Long Island Association. … And another 56,000 people would be considered poor.

How much is the average house in Long Island?

The median price of a home sold on Long Island, excluding the East End, rose to $450,000 in the third quarter of 2018, up 5.9 percent from the quarter before, according to data from the brokerage Douglas Elliman and the appraisal company Miller Samuel.

What is Long Island famous for?

Long Island is a year-round destination with easy access to New York City and diverse attractions from the famed beaches of the Hamptons, Fire Island and Jones Beach, to historic Gold Coast Mansions, award-winning vineyards, eclectic dining, boutique shopping and charming downtowns.

Is Long Island the most expensive place to live?

On a list of the 10 most expensive places to live in the country, Long Island ranked No. 2 — surpassing even New York City, in the study by the Economic Policy Institute. … According to the Economic Policy Institute, the average cost of rent here on Long Island is more than $19,000 a year.

What is the best place to live in Long Island?

blogThe Best Long Island Neighborhoods for Millennials. . … Greenport. The history of Greenport dates back to the mid-1600s. … Smithtown. Ranked among the best towns to live in Long Island, Smithtown, in Suffolk County, lies along Long Island’s north shore. … Bellmore. … Roslyn. … Massapequa. … Stony Brook. … Lake Ronkonkoma.More items…•

Where is the cheapest place to live Long Island?

The 10 Most Affordable Suburbs in Long IslandSmithtown. The town of Smithtown is located in Suffolk County. … Stony Brook. The Suburb of Stony Brook is located in Suffolk County in the town of Brookhaven. … Massapequa Park. Massapequa Park is a suburb in Nassau County in the town of Oyster Bay. … Wantagh. … Commack. … Holtsville. … Bellmore. … Lake Ronkonkoma.More items…

Is living on Long Island Expensive?

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.