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These days, finding an affordable place to live in the Long Island area can be challenging. Home prices in Long Island are now at a median cost of $201,900, lower than the Alabama average of $228,911.
The average cost of rent is $624/mo in Long Island, primarily driven by the current value of real estate in the Long Island area. In Long Island, 14.19% of households rent, and 44.76% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Long Island is $4,188 per month. Households that rent pay about 14.90% of their income on rent here. Long Island’s most expensive areas are in the central regions, while the cheapest areas are in the central parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Bryant, AL: equally priced homes
- New Hope, TN: less expensive homes
- Bridgeport, AL: less expensive homes
- Hooker, GA: less expensive homes
- Richard City, TN: less expensive homes
- South Pittsburg, TN: equally priced homes
- Kimball, TN: higher priced homes
- Glover Hill, TN: higher priced homes
- Guild, TN: higher priced homes
- Trenton, GA: less expensive homes
Cities with Similar Populations
- Skamokawa Valley, WA: higher priced homes
- Lake Valley, OK: equally priced homes
- Lamona, WA: higher priced homes
- Landingville, PA: higher priced homes
- Lane, TN: less expensive homes
- Lantry, SD: less expensive homes
- Las Lomas, CA: higher priced homes
- Las Nutrias, NM: equally priced homes
- Latimer, KS: less expensive homes
- Lauderdale, WI: higher priced homes
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