A new list shows the most expensive places to live in New York, and the top seven are all on Long Island. However, exactly where may surprise you.<\/p>\n
The ranking from GoBankingRates found 13 municipalities with populations over 2,500 where residents spend at least $10,000 on monthly necessities alone.\u00a0<\/p>\n
The study looked at 2025 average home values, as well as mortgage payments and costs of groceries, utilities, health care and transportation.<\/p>\n
Here are the most expensive locations on the list.<\/p>\n
Long Island takes home top 7<\/p>\n
Long Island is home to the top seven most expensive places to live in the state, including:\u00a0<\/p>\n
Sands Point in North Hempstead, Nassau County, where the 2025 average home value is around $2,986,180 and the annual cost of necessities is around $209,951. Monthly mortgage payments are around $14,787, and the monthly cost of necessities is around $17,496.Old Westbury in North Hempstead\/Oyster Bay, Nassau CountyMuttontown in Oyster Bay, Nassau CountyLloyd Harbor in Huntington, Suffolk CountyManhasset in Nassau CountySouthampton in Suffolk CountyMontauk in Suffolk County<\/p>\n
It may come as a surprise to some that Nassau beat out Suffolk county, which is home to the affluent Hamptons.\u00a0<\/p>\n
Sands Point was believed to be the inspiration behind the East Egg communities in the “Great Gatsby,” along with Old Westbury and Muttontown on the so-called Gold Coast.\u00a0<\/p>\n
Westchester rounds out the list<\/p>\n
Larchmont ranks No. 8, putting Westchester County in the top 10. The 2025 average home value is around $1,710,271, the annual cost of necessities is around $131,800 and monthly mortgage payments are around $8,469.<\/p>\n
Then, it’s back to Long Island, with Cold Spring Harbor coming in at No. 9 and Roslyn at No. 10.\u00a0<\/p>\n