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Cost of Living in Garden City, NY

Population 22,941 · Census ACS 2020–2024 5-year estimates

Median rent$3,265
Median home value$1,075,900
Median household income$244,152

The median rent in Garden City, NY is $3,265/month, 101% higher than the New York median and 131% higher than the U.S. median. The median home value is $1,075,900, 223% higher than the national median. Households earn a median of $244,152 a year, 184% higher than the state median.

Affordability

Rent as a share of median income: 16.0%
Income needed for median rent (30% rule): $130,600/yr
Home price-to-income ratio: 4.4×
Est. mortgage on the median home (20% down, 6.5% for 30 yrs, principal + interest): $5,440/mo

Run your own numbers: mortgage calculator · hourly to salary

Garden City vs. New York vs. U.S.

Garden CityNew YorkU.S.
Median rent$3,265$1,621$1,413
Median home value$1,075,900$423,800$332,700
Median household income$244,152$85,974$80,734
Homeownership rate93.7%54.3%65.2%
Bachelor's degree or higher75.9%40.2%35.7%
Poverty rate3.0%14.0%12.5%
Unemployment rate3.9%6.4%5.2%
Work from home27.7%14.9%15.1%
Median age41.339.838.9

FAQ

What is the average rent in Garden City, NY?

The median gross rent in Garden City, NY is $3,265 per month (ACS 2020–2024 5-year estimate).

How much do I need to earn to live in Garden City, NY?

Using the common 30% rule, renting a median-priced home takes about $130,600 a year in gross income.

Is Garden City, NY expensive to live in?

Rent there is 131% higher than the U.S. median, and the median home costs about 4.4 times the median household income.

Other cities in New York

New York, NYRent $1,821 · Income $80,483Buffalo, NYRent $1,046 · Income $50,041Yonkers, NYRent $1,784 · Income $83,549Rochester, NYRent $1,081 · Income $47,213Syracuse, NYRent $1,039 · Income $47,819Albany, NYRent $1,216 · Income $61,986

Cities with a similar cost of living

University Park, TXRent $3,272 · Income $250,001McLean, VARent $3,422 · Income $250,001Los Altos, CARent $3,501 · Income $250,001Saratoga, CARent $3,501 · Income $250,001Southlake, TXRent $3,501 · Income $250,001Colleyville, TXRent $3,263 · Income $218,328

Source: U.S. Census Bureau, American Community Survey 5-year estimates. Estimates have margins of error, especially for smaller places. This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.

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