Great Neck, NY vs Westhampton, NY
Great Neck, NY and Westhampton, NY have a very similar cost of living, with only a 4.3% difference in their overall index. Great Neck scores 184 while Westhampton scores 177 on the cost of living index, where 100 represents the national average. The day-to-day expenses for residents in both cities are comparable, though differences emerge when looking at specific categories.
On the housing front, median rent in Great Neck is $2,195/month compared to $1,872/month in Westhampton — a 17% difference. Interestingly, home values tell a different story: while Westhampton has cheaper rent, Great Neck actually has lower median home values ($953,400 vs $980,400).
Median household income in Great Neck is $137,095 compared to $131,125 in Westhampton (+4.6%). While Great Neck is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Great Neck spend roughly 19.2% of their income on rent, more than the 17.1% in Westhampton.
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