14 Wealthiest Towns on Long Island 2023 (NY) (2024)

Where are the wealthiest towns on Long Island? Long Island is home to some of the wealthiest zip codes in the country. The wealthiest towns on Long Island are mostly located in Nassau County with a few towns in Suffolk County.

For the most part, the wealthiest towns are located on the North Shore of Long Island (as opposed to the South Shore). Here is our list of the wealthiest towns on Long Island.

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There are so many wealthy neighborhoods on Long Island including the Hamptons where some of the most expensive homes in the country are located.

The rankings on this list are based on both income and home prices.

The information presented in this article are based on data from the US Census American Community Survey, and residential housing market data. The median sales price is the average residential sales data for 12 month period ending March 2023.

What is the Wealthiest Town on Long Island?

Brookville, NY is the wealthiest town on Long Island. Brookville residents earn an eye-popping mean household income of $617,173!

What is the Wealthiest Town in Nassau County?

Brookville is the wealthiest town in Nassau County followed by Hewlett Bay Park. Both towns are home to uber-wealthy residents with Brookville residents earning $617,173 a year and Hewlett Bay Park residents earning a mean household income of $530,468.

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What is the Wealthiest Town in Suffolk County?

Old Field is the Wealthiest Town in Suffolk County with a mean household income of $411,611.

What is the Wealthiest Town in the Hamptons?

North Haven is the wealthiest town in the Hamptons with a mean household income of $370,004 and a median sales price of homes at a whopping $6,730,000!

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14 Wealthiest Long Island Towns

Below are the wealthiest towns on Long Island.

1. Brookville, NY

Brookville is an affluent village on Long Island’s Nassau County. Located in the Town of Oyster Bay, Brookville is a wealthy Long Island town with a population of 2939.

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Brookville residents are well educated with 77.2% of residents holding a bachelor’s degree or higher. The residents of this wealthy Long Island town have a mean household income of $617,173!

Not surprisingly, property prices in Brookville are also high with a median sale price of $2,174,000. The homes in Brookville are primarily owner-occupied 93.40% with only 6.60% rentals.

Brookville residents live a good work-life balance with a short commute time of 33.4.

Median Household Income$617,173
Bachelor’s Degree or Higher77.2%
Median Sales Price of Homes$2,274,000

2. Hewlett Bay Park, NY

Hewlett Bay Park is a very wealthy town in Nassau County’s South Shore. Known for its prestigious waterfront properties overlooking Macy Channel, the town is true luxury living.

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With larger lots and a small, rural village atmosphere, Hewlett Bay Park provides an upscale suburban lifestyle.

Hewlett Bay Park residents are very wealthy with a mean household income of $530,468 and a median sale price of $2,794,000- it’s definitely one of the wealthiest areas on Long Island.

TownHewlett Bay Park, NY
Mean Household Income$530,468
Median Sale Price$2,794,000

3. Plandome, NY

Plandome is home to some of the wealthiest residents of Long Island. Located in the Town of North Hempstead in Nassau County, it is a small village of only 1448 residents.

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Plandome home values are high with a median sale price of $2,554,000. The residents are wealthy with a mean income of $449,998. The poverty level of Plandome is only 3.2%.

Plandome residents are well educated with 84.5% of residents having a bachelor’s degree or higher.

The homes in Plandome are primarily owner-occupied 99.20% with only 0.80% rentals.

TownPlandome, NY
Mean Household Income$449,998
Median Sale Price$2,554,000
Bachelor’s Degree or Higher84.5%

4. Sands Point, NY

Sands Point is an affluent Long Island village in Nassau County. It is a wealthy Long Island town with a population of 2712. The residents of Sands Point are well educated with 83.1% of residents having a bachelor’s degree or higher.

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Sands Point residents are one of the wealthiest on Long Island with a median sale price of $3,126,000 and a mean household income of $428,126. The poverty level of Sands Point is only 1.8%.

The homes in Sands Point are primarily owner-occupied 94.50% with only 5.50% rentals.

TownSands Point, NY
Mean Household Income$428,126
Median Sale Price$3,126,000
Bachelor’s Degree or Higher83.1%

​​5. Old Westbury, NY

Old Westbury is one of the richest villages on Long Island. In fact, it is often regarded as one of the richest zip codes in the county. Located on the North Shore of Long Island’s Nassau County, Old Westbury is a village with a population of 4289.

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Old Westbury, NY, is an upscale Long Island town with a median sale price of $3,406,000. Its residents are extremely wealthy with a mean income of $412,116! The poverty level of Old Westbury is very low at only 4.7%.

The residents of Old Westbury are well educated with 75.6% of residents with a bachelor’s degree or higher.

The homes in Old Westbury are primarily owner-occupied 94.10% with only 5.90% rentals.

Old Westbury residents live a good work-life balance with a short commute time of 35.9 minutes.

TownOld Westbury, NY
Mean Household Income$412,116
Median Sale Price$3,406,000
Bachelor’s Degree or Higher75.6%

6. Mill Neck, NY

Mill Neck is a wealthy village on Long Island with a population of only 1054. Located on the North Shore of Long Island, Mill Neck is a village in the Town of Oyster Bay in Nassau County.

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Mill Neck residents are well educated with 78.7% of residents holding a bachelor’s degree or higher.

Mill Neck, NY is a very wealthy Long Island town with the median sale price of homes at $4,097,000! Mill Neck residents earn a mean income of $375,860 with a poverty level of only 3.4%.

The homes in Mill Neck are primarily owner-occupied 92.70% with only 7.30% rentals.

TownMill Neck, NY
Mean Household Income$375,860
Median Sale Price$4,097,000
Bachelor’s Degree or Higher78.7%

7. Woodsburgh, NY

Woodsburgh is a Village in Long Island’s Nassau County. It is a wealthy Long Island town with a population of 897. Woodsburgh residents are well educated with 83.5% of residents with a bachelor’s degree or higher.

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Woodsburgh residents earn a very high household income of $421,028! Home prices are lower than other wealthy Long Island towns on this list with a median sale price of homes at $1,338,000.

Similar to other affluent Long Island towns, the poverty level at Woodsburgh is low at only 3.6%.

The homes in Woodsburgh are primarily owner-occupied 97.60% with only 2.40% rentals.

Woodsburgh residents live a good work-life balance with a short commute time of 34.6 minutes.

TownWoodsburgh, NY
Mean Household Income$421,028
Median Sale Price$1,338,000
Bachelor’s Degree or Higher83.5%

8. Oyster Bay Cove, NY

Oyster Bay Cove is one of the wealthiest villages on Long Island. Located in Nassau County’s Town of Oyster, it is home to a small population of 2265.

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Oyster Bay Cove residents are well educated with 73.2% of residents having a bachelor’s degree or higher.

Oyster Bay Cove residents earn a high income of $402,604. Home prices are lower compared to some of the wealthier Long Island towns with a median sale price of $1,845,000. This wealthy Long Island town has an almost non-existent poverty level of 0.6%.

The homes in Oyster Bay Cove are primarily owner-occupied 96.10% with only 3.90% rentals.

Oyster Bay Cove residents live a good work-life balance with a short commute time of 35.7 minutes.

TownOyster Bay Cove, NY
Mean Household Income$402,604
Median Sale Price$1,845,000
Bachelor’s Degree or Higher73.2%

9. North Haven, NY

North Haven, NY is the wealthiest town in the Hamptons. With a mean household income of $370,004 and a median sale price of an eye-popping $6,730,000, it has the most expensive homes in the Hamptons.

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North Haven distinguishes itself as a more private section of the Hamptons, without a bustling downtown, shops, or restaurants.

This affluent Hamptons community caters to the ultra-wealthy, maintaining a low profile and offering exclusive access to residents-only bay beaches.

North Haven provides a tranquil escape for its affluent residents, offering privacy while still being just minutes away from the vibrant shops and restaurants of Sag Harbor Village.

TownNorth Haven, NY
Mean Household Income$370,004
Median Sale Price$6,730,000

Check out the richest towns in the Hamptons

10. Muttontown, NY

Muttontown is a wealthy village on Long Island. It is located in the Town of Oyster Bay on the North Shore of Long Island’s Nassau County. Muttontown is a Long Island town with a population of 3512.

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Muttontown residents are well educated with 70.8% of residents having a bachelor’s degree or higher.

The residents of Muttontown are among one the wealthiest on Long Island with a median household income of $353,785. The poverty level of Muttontown is only 4.1%.

Home prices at Muttontown are high with a median sale price of $2,093,000. The homes in Muttontown are primarily owner-occupied (94.30%) with only 5.70% rentals.

TownMuttontown, NY
Mean Household Income$353,785
Median Sale Price$2,093,000
Bachelor’s Degree or Higher70.8%

11. Munsey Park, NY

Munsey Park is one of the wealthiest villages in Long Island located on the North Shore of Nassau County.

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Munsey Park residents earn a high income of $420,747.

Home prices are on the lower end when compared to other wealthy Long Island towns on this list. The median sale price is $1,793,000.

Munsey Park is highly regarded for its excellent public schools.

Additionally, Munsey Park benefits from its convenient proximity to New York City, with a less than 30-minute train ride providing residents with easy access to NYC while still enjoying the coastal lifestyle of Long Island.

TownMunsey Park, NY
Mean Household Income$420,747
Median Sale Price$1,793,000

Check out the Best Waterfront Restaurants for Brunch in Nassau County

12. West Hampton Dunes, NY

West Hampton Dunes is one of the richest towns in the Hamptons known for its luxury waterfront homes on prestigious Dune Road.

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It is a highly sought-after coastal community known for its luxurious waterfront residences and pristine beaches.

West Hampton Dunes residents earn a mean household income of $380,806 and a median sale price of homes of $1,975,000.

TownWest Hampton Dunes, NY
Mean Household Income$380,806
Median Sale Price$1,975,000

13. East Hills, NY

East Hills is another wealthy village in Long Island’s Nassau County. It is on the North Shore of Long Island with a population of 7,284.

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East Hills residents are wealthy with a mean income of $371,560 and a median sale price of $1,465,000. The poverty level of East Hills is very low at only 1.4%.

East Hills residents are well educated with 83.% of residents with a bachelor’s degree or higher.

The homes in East Hills are primarily owner-occupied with almost no rentals in East Hills.

TownEast Hills, NY
Mean Household Income$371,560
Median Sale Price$1,465,000
Bachelor’s Degree or Higher83.0%

14. Lloyd Harbor, NY

Lloyd Harbor is a very affluent village in Long Island’s Suffolk County. It is located on the North Shore of Long Island with a population of 3571.

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Lloyd Harbor residents are well educated with 75.1% of residents with a bachelor’s degree or higher.

Lloyd Harbor is one of the wealthiest towns on Long Island with a mean household income of $351,391.

Property prices in Lloyd Harbor are high with a median home value of $1,981,423. The homes in Lloyd Harbor are primarily owner-occupied 95.30% with only 4.70% rentals.

Median Household Income$351,391
Bachelor’s Degree or Higher75.1%
Median Sales Price of Homes$1,981,423

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14 Wealthiest Towns on Long Island 2023 (NY) (2024)

FAQs

14 Wealthiest Towns on Long Island 2023 (NY)? ›

The number of billionaires on this year's list slipped to 2,668 — 87 fewer than last year. A total of 11 billionaires on this year's list hail from Long Island.

What is the richest town in Long Island NY? ›

  • Sagaponack. At the top of our list of richest neighborhoods on Long Island is Sagaponack. ...
  • Bridgehampton. Second on our list in Bridgehampton. ...
  • Amagansett. Next on our list is a Hampton in between Montauk and East Hampton. ...
  • Manhasset. ...
  • Water Mill. ...
  • Old Westbury. ...
  • Brookville. ...
  • East Hills.
Jul 5, 2022

How many billionaires live on Long Island? ›

The number of billionaires on this year's list slipped to 2,668 — 87 fewer than last year. A total of 11 billionaires on this year's list hail from Long Island.

Is Nassau or Suffolk richer? ›

Nassau County is number one – sort of – and we aren't talking about property taxes. The New York City suburb ranked as the county with the highest median household income in New York, according to Forbes' list of the nation's 25 most affluent counties.

Who are the billionaires in Long Island NY? ›

Warren Buffett, Berkshire Hathaway, worth $107.4 billion; Michael Bloomberg, Bloomberg Inc., worth $95.4 billion; and. Steve Balmer, Microsoft, worth $90.1 billion.

Where do the rich people in Long Island live? ›

Sagaponack is often considered to be the wealthiest neighborhood on Long Island. It's where you'll find some of the most expensive homes in the entire nation. Not only do many residents in Sagaponack love it for its beach access but also for its beautiful farmland, where many people have stables and vineyards.

What are 5 towns Long Island? ›

The name "Five Towns" dates back to 1931, when individual Community Chest groups in the area banded together to form the "Five Towns Community Chest", consisting of Inwood, Lawrence, Cedarhurst, Woodmere, and Hewlett.

What is the oldest town on Long Island? ›

A Brief Account of Southold's History. Southold's official flag proclaims it the oldest English town in New York State. Founded in 1640 by Puritans from the New Haven Colony, Southold celebrated its 350th birthday in 1990 and the town will have 375 candles on its cake in 2015.

Who is the biggest employer on Long Island? ›

Largest employers
#Employer# of employees
1Northwell Health31,153
2State of New York20,304
3Catholic Health Services of Long Island17,000
4Nassau County16,784
11 more rows

Is Long Island rich or poor? ›

As of 2022, Kings, Queens, Nassau, and Suffolk counties collectively had a gross domestic product of approximately $500 billion. Median household income on the island significantly exceeds $100,000, and the median home price is approximately $600,000, with Nassau County approximating $700,000.

Which state has no billionaires? ›

They live in 43 of the 50 states. The only states with no billionaire residents are Alaska, Delaware, New Hampshire, New Mexico, North Dakota, Vermont, and West Virginia.

What is the most expensive zip code on Long Island? ›

In particular, the #2 priciest zip code nationwide yet again — Sagaponack's 11692 and its record $5.75 million median — was followed by Water Mill's 11976 at $3,699,000; Amagansett's 11930 at $3,525,000; and Bridgehampton's 11932 at $3.3 million, all of which landed in the top 25.

Is Massapequa a rich town? ›

About. In 2021, Massapequa, NY had a population of 22.2k people with a median age of 43.9 and a median household income of $148,295. Between 2020 and 2021 the population of Massapequa, NY grew from 21,531 to 22,249, a 3.33% increase and its median household income grew from $137,618 to $148,295, a 7.76% increase.

What percent of Nassau is white? ›

Table
Population
Two or More Races, percent 2.2%
Hispanic or Latino, percent(b) 17.9%
White alone, not Hispanic or Latino, percent 55.8%
Population Characteristics
57 more rows

What is the poorest town on Long Island? ›

On the other side of the ledger, however, we have the poorest towns on Long Island: Riverside, Northampton, Calverton, Greenport, Aquebogue, Moriches, Central Islip, and Mastic Beach. Some of these towns and villages are closely situated right next door to the richest.

Where is the most expensive house on Long Island? ›

$112.5 million: 700 Meadow Lane, Southampton

It had been listed for as much as $175 million in 2021. The highest ever sale for a Long Island home was billionaire Barry Rosenstein's $137 million purchase of an 18-acre East Hampton home on Further Lane in 2014.

Is Long Island City a rich area? ›

In 2022, the most expensive Queens neighborhood was Long Island City, with an average rental price of $3,874 for a one-bedroom, according to MNS Real Estate.

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