Lynbrook, NY

Very High · 167

New York · Population 20,251 · Updated March 2026

$2,122
Median Rent / Month
$138,866
Median Income
$592,400
Median Home Value
$2,380
Owner Costs / Month

Affordability

How far your income goes in Lynbrook

18.3%
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

$25,464
Annual Rent
$15,136
State Income Tax
$9,597
Property Tax (est.)

Cost of Living Overview

Lynbrook has a significantly higher cost of living than most US cities, driven largely by premium housing costs. With a cost index of 167 (where 100 equals the national median), Lynbrook residents can expect to pay median rent of $2,122/month while earning a median household income of $138,866/year.

The median home value in Lynbrook, NY is $592,400, with typical monthly owner costs around $2,380 including mortgage, insurance, and taxes. The median rent-to-income ratio of 18.3% 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 Lynbrook.

Frequently Asked Questions

Common questions about living costs in Lynbrook

What is the cost of living in Lynbrook, NY?
The cost of living index in Lynbrook, NY is 167 (US average = 100). Median monthly rent is $2,122, median household income is $138,866/year, and the median home value is $592,400.
Is Lynbrook, NY affordable?
No, Lynbrook is more expensive than the national average with a cost index of 167. The rent-to-income ratio is 18.3%—below the 30%% threshold considered affordable by HUD.
What is the average rent in Lynbrook, NY?
The median gross rent in Lynbrook, NY is $2,122 per month according to the US Census Bureau ACS 2023 data. Annual rent costs approximately $25,464.
What is the median household income in Lynbrook?
The median household income in Lynbrook, NY is $138,866 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%.