Long Beach, NY

Very High · 185

New York · Population 34,741 · Updated March 2026

$2,377
Median Rent / Month
$130,795
Median Income
$661,500
Median Home Value
$2,535
Owner Costs / Month

Affordability

How far your income goes in Long Beach

21.8%
Rent-to-Income Ratio
Affordable
Rent takes less than 25% of median income — considered affordable by HUD standards.

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

$28,524
Annual Rent
$14,257
State Income Tax
$10,716
Property Tax (est.)

Cost of Living Overview

Long Beach has a significantly higher cost of living than most US cities, driven largely by premium housing costs. With a cost index of 185 (where 100 equals the national median), Long Beach residents can expect to pay median rent of $2,377/month while earning a median household income of $130,795/year.

The median home value in Long Beach, NY is $661,500, with typical monthly owner costs around $2,535 including mortgage, insurance, and taxes. The median rent-to-income ratio of 21.8% means housing is relatively affordable here — well below the 30% threshold that HUD considers cost-burdened.

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 Long Beach.

Frequently Asked Questions

Common questions about living costs in Long Beach

What is the cost of living in Long Beach, NY?
The cost of living index in Long Beach, NY is 185 (US average = 100). Median monthly rent is $2,377, median household income is $130,795/year, and the median home value is $661,500.
Is Long Beach, NY affordable?
No, Long Beach is more expensive than the national average with a cost index of 185. The rent-to-income ratio is 21.8%—below the 30%% threshold considered affordable by HUD.
What is the average rent in Long Beach, NY?
The median gross rent in Long Beach, NY is $2,377 per month according to the US Census Bureau ACS 2023 data. Annual rent costs approximately $28,524.
What is the median household income in Long Beach?
The median household income in Long Beach, NY is $130,795 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%.