ZIP Code 11507

ZIP code 11507, centered on Great Neck, ranks among the wealthier communities on Long Island. Median household income reaches $164,028, and per-capita income stands at $73,290, both well above national averages. Homes here carry a median value of $860,000, and the county-level effective property tax rate of 1.46% means owners of such properties owe a substantial annual sum. Combined with a sales tax rate of 8.62%, the overall tax load is considerable, though incomes at this level can absorb it. This is an affluent area where high earnings and high housing costs move together.