Total monthly cost of ownership
Cost to Own a Home in Long Beach, New York
A $662,000 home here costs
$5,437per month, all in, with 20% down at today's 7.40% 30-year fixed rate. By the 28% rule that takes a household income of about $233,000 a year.
A standard mortgage calculator would have told you $3,667. The real number is $1,770 higher every month, 48% more than the payment most buyers budget for.
Compare Nassau County with anywhere in America · full county breakdown
Where every dollar goes
Only the first line is a mortgage payment. Change any assumption above and every figure below recalculates.
Long Beach against Nassau County and New York
| Measure | Long Beach | Nassau County |
|---|---|---|
| Median home value | $661,500 | $658,700 |
| Median property tax | $10,001 | $10,001 |
| Effective tax rate | 1.512% | 1.518% |
| Median gross rent | $2,377 | $2,195 |
| Population | 34,741 | 1,388,138 |
The weather behind that power bill
Long Beach sits in Nassau County, which averages a high of 86.5°F in its hottest month and a low of 27.2°F in its coldest, with 45.33" of precipitation a year and 27% of it in a single three-month stretch. That climate drives 1,124 cooling and 4,561 heating degree days, which is what sets the $171 electricity line above.
See the full climate breakdown for Nassau County , month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Nassau County
Full Nassau County cost breakdown · Every county in New York
Talk to someone who works this market
These are Long Beach averages. What one specific house costs to own, or what it would sell for today, depends on the street and the condition of the place. We will connect you with one licensed local agent who works Long Beach every week. Free, no obligation, and we never sell your details to a list.
I'm looking to buy in Long Beach I already own here and may sell
Common questions
How much does it cost to own a home in Long Beach?
A $662,000 home in Long Beach, New York costs approximately $5,437 per month with 20% down at 7.4%. That is $3,667 principal and interest, $834 property tax, $146 homeowners insurance, $239 utilities and $552 set aside for maintenance.
What is the property tax rate in Long Beach?
Long Beach has an effective property tax rate of 1.512%, based on a median home value of $661,500 and median real estate taxes of $10,001. That is in line with the Nassau County average of 1.518%.
What is the average home price in Long Beach?
The median owner-occupied home value in Long Beach, New York is $661,500, against $658,700 across Nassau County.
Is it cheaper to rent or buy in Long Beach?
Median gross rent in Long Beach is $2,377 a month, against $5,437 to own the median home all in. Renting costs less month to month here, though renting builds no equity.
What salary do you need to buy a home in Long Beach?
Using the standard 28% rule, housing costs at no more than 28% of gross income, buying the median home in Long Beach, New York at today's rate takes a household income of roughly $233,000 a year. That covers the full $5,437 monthly cost, not just the mortgage payment.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Long Beach, US Census Bureau, American Community Survey ACS 2023 5-Year, place-level tables.
- Homeowners insurance, NAIC average premium for New York.
- Electricity price, EIA Electric Power Monthly Table 5.6.A.
- Mortgage rate, Freddie Mac PMMS, refreshed weekly.
- Maintenance (1%/yr) and water and sewer ($68/mo) are national estimates. Every assumption above is editable.