salaryRent here is among the highest 10% in the country. A typical house costs about 4.7 years of household income. Commutes are long, about 38.7 minutes each way. Most homes (77.3%) are owned, so rentals can be hard to find.
How much money do I need?
To rent here comfortably, you should earn about $136,640 a year. That is $66 an hour at a full-time job.
Is rent cheaper than other New York cities?
No. Rent here is more expensive than in most of New York. It is number 309 of 343 cities from cheapest to most expensive.
How much do households earn in Lake Grove?
Share of households by yearly income. 46.3% of households earn $100,000 or more.
Rent by apartment size in Lake Grove
| Size | Lake Grove | U.S. average |
|---|---|---|
| Studio | $2,565 | $1,338 |
| 1 bedroom | $2,335 | $1,324 |
| 2 bedrooms | $3,382 | $1,509 |
| 3 bedrooms | $2,874 | $1,698 |
Median monthly rent plus utilities for all renters, by number of bedrooms.
How expensive is Lake Grove overall?
Everyday prices in New York overall are 8% above the U.S. average (index 107.9, U.S. = 100).
Source: U.S. Bureau of Economic Analysis, Regional Price Parities 2024. City-level data is not published for Lake Grove, so the New York figure is shown.
Taxes and bills in Lake Grove
Life in Lake Grove
Is it cheaper to rent or buy in Lake Grove?
Renting is cheaper right now: about $740 a month less.
Owning assumes a typical $598,900 home, 10% down, a 30-year loan at 6.5% and about 1.5% a year for taxes and insurance. You would also need $59,890 for the down payment.
Frequently asked questions
What is the average rent in Lake Grove, NY?
Renting in Lake Grove costs a median of about $3,416 a month in 2026, including utilities. The New York median is $2,177.
How much do I need to make to live in Lake Grove?
To keep rent under 30% of income, you need about $136,640 a year, or $66 an hour at a full-time job.
Is Lake Grove cheap or expensive?
Lake Grove is rated Expensive: rent takes 32.1% of the typical household income of $127,598. It ranks 309th cheapest of 343 New York cities we track.
How much are property taxes in Lake Grove?
The median homeowner in Lake Grove pays $10,000+ a year in property taxes, about 1.67% of the median home value.
Is Lake Grove more expensive than the national average?
Overall prices in New York are 8% above the U.S. average, according to the U.S. Bureau of Economic Analysis.
How much does a house cost in Lake Grove?
The median home value in Lake Grove is $598,900, about 4.7 times the typical yearly household income.
11,061 people live in Lake Grove. Numbers are typical (middle) values.