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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 $608,000, higher than the Maine average of $330,167.
The average cost of rent is $1,938/mo in Long Island, primarily driven by the current value of real estate in the Long Island area. In Long Island, 18.87% of households rent, and 52.71% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Long Island is $7,526 per month. Households that rent pay about 25.75% 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
- Cliff Island, ME: equally priced homes
- Peaks Island, ME: equally priced homes
- Chebeague Island, ME: higher priced homes
- Cumberland Foreside, ME: higher priced homes
- Portland, ME: less expensive homes
- Falmouth, ME: higher priced homes
- South Portland, ME: less expensive homes
- Cape Elizabeth, ME: higher priced homes
- Yarmouth, ME: equally priced homes
- Cash Corner, ME: less expensive homes
Cities with Similar Populations
- Greenville Center, NY: less expensive homes
- Stratton, IL: less expensive homes
- Strange Creek, WV: less expensive homes
- Stonewall, NC: less expensive homes
- Hancock, VT: less expensive homes
- Hamletsburg, IL: less expensive homes
- Hallsville, NY: less expensive homes
- Haddam, KS: less expensive homes
- Gusher, UT: less expensive homes
- Gunville, WV: less expensive homes
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