Glen Cove, NY

Very High · 180

New York · Population 28,101 · Updated March 2026

$2,349
Median Rent / Month
$91,355
Median Income
$654,500
Median Home Value
$2,331
Owner Costs / Month

Affordability

How far your income goes in Glen Cove

30.9%
Rent-to-Income Ratio
Moderate
Rent takes 25-35% of median income — moderate affordability.

Tax Burden in New York

State-level tax rates that affect your costs

10.9%
Income Tax (Top Rate)
4.0%
Sales Tax
1.62%
Property Tax Rate

Estimated Annual Costs

$28,188
Annual Rent
$9,958
State Income Tax
$10,603
Property Tax (est.)

Cost of Living Overview

Glen Cove has a significantly higher cost of living than most US cities, driven largely by premium housing costs. With a cost index of 180 (where 100 equals the national median), Glen Cove residents can expect to pay median rent of $2,349/month while earning a median household income of $91,355/year.

The median home value in Glen Cove, NY is $654,500, with typical monthly owner costs around $2,331 including mortgage, insurance, and taxes. At 30.9% rent-to-income ratio, residents of Glen Cove are spending more than the recommended 30% of income on housing, indicating moderate cost burden.

New York's top income tax rate of 10.9% is among the highest in the nation, adding to the overall cost burden. Combined with a 4.0% sales tax rate and 1.62% effective property tax rate, the overall tax environment is a factor in the total cost of living in Glen Cove.

Frequently Asked Questions

Common questions about living costs in Glen Cove

What is the cost of living in Glen Cove, NY?
The cost of living index in Glen Cove, NY is 180 (US average = 100). Median monthly rent is $2,349, median household income is $91,355/year, and the median home value is $654,500.
Is Glen Cove, NY affordable?
No, Glen Cove is more expensive than the national average with a cost index of 180. The rent-to-income ratio is 30.9%—above the 30%% affordability threshold.
What is the average rent in Glen Cove, NY?
The median gross rent in Glen Cove, NY is $2,349 per month according to the US Census Bureau ACS 2023 data. Annual rent costs approximately $28,188.
What is the median household income in Glen Cove?
The median household income in Glen Cove, NY is $91,355 per year. This compares to the national median of approximately $80,000.
What are the taxes like in New York?
New York has a top income tax rate of 10.9%, a sales tax of 4.0%, and an effective property tax rate of 1.62%.