Massapequa, NY

Very High · 199

New York · Population 21,822 · Updated March 2026

$2,500
Median Rent / Month
$179,844
Median Income
$661,900
Median Home Value
$3,138
Owner Costs / Month

Affordability

How far your income goes in Massapequa

16.7%
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

$30,000
Annual Rent
$19,603
State Income Tax
$10,723
Property Tax (est.)

Cost of Living Overview

Massapequa has a significantly higher cost of living than most US cities, driven largely by premium housing costs. With a cost index of 199 (where 100 equals the national median), Massapequa residents can expect to pay median rent of $2,500/month while earning a median household income of $179,844/year.

The median home value in Massapequa, NY is $661,900, with typical monthly owner costs around $3,138 including mortgage, insurance, and taxes. The median rent-to-income ratio of 16.7% 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 Massapequa.

Frequently Asked Questions

Common questions about living costs in Massapequa

What is the cost of living in Massapequa, NY?
The cost of living index in Massapequa, NY is 199 (US average = 100). Median monthly rent is $2,500, median household income is $179,844/year, and the median home value is $661,900.
Is Massapequa, NY affordable?
No, Massapequa is more expensive than the national average with a cost index of 199. The rent-to-income ratio is 16.7%—below the 30%% threshold considered affordable by HUD.
What is the average rent in Massapequa, NY?
The median gross rent in Massapequa, NY is $2,500 per month according to the US Census Bureau ACS 2023 data. Annual rent costs approximately $30,000.
What is the median household income in Massapequa?
The median household income in Massapequa, NY is $179,844 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%.