Quick Answer: What Is Middle Class Income On Long Island?

What is the average household income on Long Island?

But Suffolk’s median household income saw a statistically significant change, according to the bureau, rising from $102,215 in 2018 to $106,228 in 2019.

The national median in 2019 was $68,703..

What is a good salary on Long Island?

The average pay on Long Island in 2017 is $57,650, according to a survey conducted by the state’s Department of Labor. Wages range from a low of $20,860 for manicurists and some garment workers to an average high of $297,980 for surgeons, the survey found.

What is a middle class income in New York City?

New York City’s middle class comprises 48 percent of city residents, with median annual incomes between $30,000 and $60,000. Thirty-one percent make lower incomes, and the ranks of the rich account for 21 percent of New York City residents.

What is considered low income in Long Island?

A 7-person family on Long Island that makes a six-figure salary, or less than $100,450, can be considered low income.

What is the poorest town on Long Island?

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.

Is it expensive to live in Long Island?

Long Island Is The Second Most Expensive Place To Live In The United States. When it comes to living on Long island we all know it isn’t the cheapest place to live. … It turns out that Long Island is the second most expensive place to live in the United States. It cost a family of four $103,000 a year just to get by.

Who is the richest person on Long Island?

James SimonsFounder of Renaissance Technologies hedge fund and Long Island’s wealthiest person James Simons.

What is the richest town in Long Island?

The affluent community of Sands Point in Nassau was named the richest town in New York with a median household income of $231,667.

What percentage of New Yorkers make over 100k?

Nearly 30% of New Yorkers make six-figure salaries.

What salary do you need to live comfortably in NYC?

To live a comfortable and satisfying lifestyle in New York, even when you have roommates splitting the cost, a yearly income of $50,000 or more is ideal.

What is upper middle class on Long Island?

The term “Upper Middle Class” is often abused by normal middle class people in the suburbs who want to make themselves feel richer by convincing themselves they are a higher socioeconomic class then they really are. On Long Island, I would say a family that makes a combined income of between $120,000 and $250,000.

Where is the cheapest place to live Long Island?

The 10 Most Affordable Suburbs in Long IslandSmithtown. The town of Smithtown is located in Suffolk County. … Stony Brook. The Suburb of Stony Brook is located in Suffolk County in the town of Brookhaven. … Massapequa Park. Massapequa Park is a suburb in Nassau County in the town of Oyster Bay. … Wantagh. … Commack. … Holtsville. … Bellmore. … Lake Ronkonkoma.More items…

What are the bad parts of Long Island?

Five communities on Long Island were ranked among the top 40 dangerous in New York State, according to data compiled by Law Street. Hempstead, Freeport, Riverhead, Long Beach, and Southampton ranked among the top in New York for violent crimes, said the report.

Is 500K a good salary in NYC?

$500,000 annually, even considering NYC expenses, would be rich, and closer to Top 1 Percent territory than Middle Class. Meaning one could live quite well on $500K. What Is Middle Class in Manhattan?

How much money do you need to live comfortably on 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.