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ZipNumbers

New York · Census place 40530

Lake Grove village, NY

Quick answer

Lake Grove village has 11,050 residents, ranking #179 of 1292 places in New York. Median household income is $119,558, the median home is worth $550,700 and median gross rent runs $2,208 a month.

Population
11,050Lake Grove village residents
Median household income
$119,558Past 12 months, inflation adjusted
Median home value
$550,700Owner-occupied units
Median gross rent
$2,208Rent plus utilities, monthly
Median age
42.1 yrsAll residents
Homeownership rate
78.8%Owner-occupied households

What the numbers mean in Lake Grove village

Housing cost measured against local earnings.

A household earning the Lake Grove village median would spend about 22.2% of gross income on the median rent. The 30% mark is the federal threshold for cost burden, so anything above it signals a stretched rental market. The median home costs 4.6× the median household income; nationally that ratio sits near 4.5×. Poverty affects 6.1% of residents and 78.8% of households own their home.

Source: US Census Bureau, ACS 2019-2023 5-year estimates · rates as published for 2019-2023 ACS 5-year

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