Paige McAtee, Patch Staff The group estimates a family of two adults and two children in the Nassau/Suffolk metro area would need to earn a combined $139,545 per year — or $11,629 a month — to live comfortably.
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What is a livable salary in Long Island?
Living Wage Calculation for Nassau County, New York
| 1 ADULT | 2 ADULTS (1 WORKING) | |
|---|---|---|
| 0 Children | 2 Children | |
| Living Wage | $19.11 | $39.16 |
| Poverty Wage | $6.13 | $12.60 |
| Minimum Wage | $11.80 | $11.80 |
How much does the average person on Long Island make?
The average pay on Long Island in 2017 is $57,650, according to a survey conducted by the state’s Department of Labor.
How expensive is it to live on Long Island?
Cost of Living
In fact, Long Island is one of the most expensive places to live in the United States beating out New York City. It costs a family of four around $140,000 just to get by comfortably. Taxes, of course, are what make the bulk of expenses, followed by housing, transportation, and health care.
Can I afford to live on Long Island?
However, the cost of living on Long Island is also considerably higher than the national average, and residents must earn higher incomes to afford to live there.Poverty rates on Long Island are lower than the national average, and the unemployment rate in 2019 was 3.4%.
What is middle class income on Long Island?
In New York state, a two-person family would be considered middle class if the household’s income range is between $46,597 and $139,098. A three-person middle-class family’s income would range from $55,155 to $164,644, and a four-person family in the middle tier would have income between $67,252.59 to $200,754.
Is it worth it to live on Long Island?
1. Rated One of the Best Places to Live in America. Oyster Bay and Huntington made it to the top 50 most livable towns in the US, rated by Money Magazine – and for good reason. Oyster Bay and a number of other towns within Long Island itself are home to a range of excellent schools.
How much does a RN make on Long Island?
RN Salary in Long Island, NY
| Annual Salary | Hourly Wage | |
|---|---|---|
| Top Earners | $99,357 | $48 |
| 75th Percentile | $83,417 | $40 |
| Average | $70,768 | $34 |
| 25th Percentile | $60,039 | $29 |
What is middle class in Long Island?
The study defines middle class as $92,238 to $138,492 with the average household size of three people, taking into account the high cost of living on Long Island.
Is Long Island New York wealthy?
Long Island is known for its affluence and high quality of life. According to Forbes Magazine, Nassau and Suffolk Counties are among the top 25 richest counties in America. Additionally, Nassau County is the third richest county per capita in New York State, and the 30th richest in the nation.
What is a good salary in Long Island?
The group estimates a family of two adults and two children in the Nassau/Suffolk metro area would need to earn a combined $139,545 per year — or $11,629 a month — to live comfortably.
What is the best town to live in on Long Island?
It comes as no surprise that many think of Greenport as the best place to live in Long Island. This village in Suffolk County makes it to several lists of best neighborhoods in Long Island, and not without reason. It is consistently ranked as the safest region on the island.
What is the average monthly electric bill on Long Island?
Average Electric Bill on Long Island
What is the average electricity bill on Long Island? According to PSEG Long Island, the average customer uses 755 kilowatt-hours per month with an average cost of $162 per month.
Is Long Island affordable?
Long Island is not a cheap place to live, based on my own scale. That said, Suffolk County is generally somewhat cheaper than Nassau, as might be places that are, frankly, less convenient (i.e. not particularly near any public transportation or other amenities).
What are the poorest towns in Suffolk County?
The communities that the report cited as having the top 10 highest rates of poverty and ALICE on LI were Riverside, Northampton, Inwood, Hempstead, Calverton, Greenport, Aquebogue, Moriches, Central Islip and Mastic Beach. Overall, 267,894 LI households are struggling to make ends meet, according to the study.
Is Massapequa a good place to live?
Massapequa is in Nassau County and is one of the best places to live in New York. Living in Massapequa offers residents a rural feel and most residents own their homes.Many young professionals live in Massapequa and residents tend to lean liberal. The public schools in Massapequa are highly rated.
Is 40000 a year considered middle class?
The Pew Research Center defines the middle class as households that earn between two-thirds and double the median U.S. household income, which was $61,372 in 2017, according to the U.S. Census Bureau. 21 Using Pew’s yardstick, middle income is made up of people who make between $42,000 and $126,000.
What is the wealthiest town on Long Island?
Muttontown was ranked one of the wealthiest towns in America by BusinessWeek. The village and its surrounding areas make up the “Gold Coast” of Long Island. Historically, The Gold Coast has been home to some of the most affluent families in New York.
What is upper class in NY?
If we only focus on income, in New York City, a household with an income of $200,000 a year saving $10,000 of that income every year is considered upper class.
Is Long Island Posh?
Affluence. The counties of Nassau and Suffolk have long been renowned for their affluence and high standard of living.However, nearly all of Long Island (especially Nassau County and western Suffolk County) is quite expensive to live on by national standards.
What towns in Long Island have the lowest property taxes?
Long Island Towns With Low Property Taxes—What Counties Have the Best Offers?
| Long Island County | Tax Rate | Median Home Value |
|---|---|---|
| Suffolk County | 2.37% | $386,800 |
| Nassau County | 2.11% | $460,700 |
| Queens County (Queens) | 0.88% | $504,900 |
| Kings County (Brooklyn) | 0.66% | $562,400 |
