Great Neck, NY — income, home value, property tax, and sales tax.
In ZIP code 11797, near Great Neck, homes carry a median value of $1,007,000, and the county-level effective property tax rate of 1.46% translates into a substantial annual bill for owners. Median household income of $192,609 and per-capita income of $93,865 give buyers here considerable capacity to absorb that cost, though the gap between earnings and home prices still shapes who can enter the market. A combined sales tax rate of 8.62% adds to everyday expenses. High incomes and high home values reinforce each other, keeping ownership within reach mainly for households already earning well above average.
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