Massapequa Park, NY

Very High · 198

New York · Population 16,985 · Updated March 2026

$2,886
Median Rent / Month
$170,470
Median Income
$626,300
Median Home Value
$2,644
Owner Costs / Month

Affordability

How far your income goes in Massapequa Park

20.3%
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

$34,632
Annual Rent
$18,581
State Income Tax
$10,146
Property Tax (est.)

Cost of Living Overview

Massapequa Park has a significantly higher cost of living than most US cities, driven largely by premium housing costs. With a cost index of 198 (where 100 equals the national median), Massapequa Park residents can expect to pay median rent of $2,886/month while earning a median household income of $170,470/year.

The median home value in Massapequa Park, NY is $626,300, with typical monthly owner costs around $2,644 including mortgage, insurance, and taxes. The median rent-to-income ratio of 20.3% 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 Massapequa Park.

Frequently Asked Questions

Common questions about living costs in Massapequa Park

What is the cost of living in Massapequa Park, NY?
The cost of living index in Massapequa Park, NY is 198 (US average = 100). Median monthly rent is $2,886, median household income is $170,470/year, and the median home value is $626,300.
Is Massapequa Park, NY affordable?
No, Massapequa Park is more expensive than the national average with a cost index of 198. The rent-to-income ratio is 20.3%—below the 30%% threshold considered affordable by HUD.
What is the average rent in Massapequa Park, NY?
The median gross rent in Massapequa Park, NY is $2,886 per month according to the US Census Bureau ACS 2023 data. Annual rent costs approximately $34,632.
What is the median household income in Massapequa Park?
The median household income in Massapequa Park, NY is $170,470 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%.