Great Neck, NY vs Chatham, NJ: Cost of Living

Which city costs less?

Chatham, NJ has a modeled overall cost index 30.6% lower than Great Neck, NY.

Great Neck, NY · modeled 2BR rent: $2,890 / month
Chatham, NJ · modeled 2BR rent: $3,190 / month

These are saved estimates, not current rental listings. Some cities use adjusted regional data. Your household budget can differ from the overall index. Sources and assumptions

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Cost of Living Comparison 2026

Compare Great Neck, NY and Chatham, NJ using saved regional data and explicit budgeting assumptions. Rent estimates are not live listings. Change the salary below, then check the source notes before applying a result to your household.

Saved regional estimates · Sources and assumptions

Current salary in Great Neck, NY

Numbers update automatically as you type

Estimated savings: $2,500/month in Chatham, NJ

$150,000 in your current city has a modeled equivalent of $120,002 in Chatham, NJ

Regional cost estimates: Great Neck, NY uses New York, NY. Chatham, NJ uses Newark, NJ. Available city ZIP rent estimates are shown separately.

Overall Cost

↓ 30.6%

Less expensive

Monthly Impact

$2,500

Savings

Annual Impact

$30.0K

Per year

Assumes 60% of current gross income goes to living costs. The headline uses the category budget below; taxes, moving costs and savings goals are excluded.

Great Neck, NY

Population:11K

Cost Index:

143.8

100 = national average

Typical Home:$1.45M

Chatham, NJ

Population:9K

Cost Index:

99.8

100 = national average

Typical Home:$1.27M

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Great Neck, NY

The Empire State

11K

Population

State Tax

Yes

Located in New York, this city has a population of 11K residents.

Chatham, NJ

The Garden State

Population

State Tax

Yes

Located in New Jersey, this city has a population of 9K residents.

Cost Breakdown by Category

Estimated monthly spending: Great Neck, NY vs Chatham, NJ

Assumes 60% of your current gross income is spent on these categories. The headline and totals use this same budget. Rent estimates below are separate reference data. Rounded amounts may differ by $1.

Category	Great Neck, NY	Chatham, NJ	Difference	Change
Housing	$3,920/mo	$1,250/mo	↓ $2,669less	68.1%
Other	$1,158/mo	$1,245/mo	↑ $86.40more	7.5%
Transportation	$912/mo	$982/mo	↑ $69.60more	7.6%
Healthcare	$423/mo	$440/mo	↑ $16.41more	3.9%
Groceries	$717/mo	$703/mo	↓ $14.37less	2.0%
All Utilities	$369/mo	$381/mo	↑ $11.52more	3.1%

Housing

↓ 68.1%

Great Neck, NY

$3,920

Chatham, NJ

$1,250

Difference

$2,669

less

Other

↑ 7.5%

Great Neck, NY

$1,158

Chatham, NJ

$1,245

Difference

$86.40

Transportation

↑ 7.6%

Great Neck, NY

$912

Chatham, NJ

$982

Difference

$69.60

Healthcare

↑ 3.9%

Great Neck, NY

$423

Chatham, NJ

$440

Difference

$16.41

Groceries

↓ 2.0%

Great Neck, NY

$717

Chatham, NJ

$703

Difference

$14.37

less

All Utilities

↑ 3.1%

Great Neck, NY

$369

Chatham, NJ

$381

Difference

$11.52

🏠Rent Comparison

Studio

From$2,090

To$2,330

↑ $240

1 Bed

From$2,500

To$2,640

↑ $140

2 Bed

From$2,890

To$3,190

↑ $300

3 Bed

From$3,750

To$3,990

↑ $240

Great Neck, NYZIP-level data

1BR range: $2,320–$2,870/mo

Chatham, NJZIP-level data

1BR range: $2,640–$2,640/mo

💡 Note: HUD Fair Market Rents estimate 40th-percentile gross rents, including most tenant-paid utilities. City ZIP summaries are medians of those estimates, not market median rents. Actual prices vary by neighborhood, amenities, and condition. Source: HUD Small Area Fair Market Rents FY2026.

$7,500

Monthly in Great Neck, NY

$5,000

Monthly in Chatham, NJ

$2,500

Difference

Home Values

Great Neck

Chatham

$1.45M

Median Value

$1.27M

↑ +9.5%

YoY Change

↑ +8.7%

↑ +41.8%

5-Year Change

↑ +43.2%

$1.08M - $1.55M

Price Range

$1.27M

Homes in Chatham are 13% less expensive than Great Neck

Calculate payment - Great Neck Calculate payment - Chatham

Source: Zillow Home Value Index (ZHVI), January 2026

Tax Comparison

Annual tax burden comparison at $150.0K salary

Tax Savings

↑ $2.1K

Per year

Monthly Difference

$176

More take-home

Effective Rate Diff

1.4%

Rate difference

Great Neck, NY

Federal Income Tax

Effective: 18.9%

$25.5K

New York State Tax

Effective: 6.4%

$9.5K

FICA Taxes

Social Security + Medicare

$11.5K

Total Taxes

Effective: 31.0%

$46.6K

Take-Home Pay

$8,620/month

$103.4K

Chatham, NJ

Federal Income Tax

Effective: 18.9%

$25.5K

New Jersey State Tax

Effective: 5.0%

$7.4K

FICA Taxes

Social Security + Medicare

$11.5K

Total Taxes

Effective: 29.6%

$44.4K

Take-Home Pay

$8,796/month

$105.6K

Additional Tax Information

Great Neck, NY Tax Rates

Sales Tax:8.8%

Property Tax:1.2%

Chatham, NJ Tax Rates

Sales Tax:6.6%

Property Tax:2.5%

💡 Note: Tax calculations are estimates based on 2024/2025 tax brackets for single filers with standard deduction. Actual taxes may vary based on filing status, deductions, credits, and local variations.

Environment

Great Neck

Chatham

43 Good

Air Quality

N/A

65.8%

Good Air Days

99 High

Climate Risk

98 High

🌊🌀🌡

Top Hazards

🌊🌡🌪

▲+2.7°F

2050 Outlook

▲+2.9°F

11 days

Heat Days >95°F

15 days

▲+2.7°F

2050 Outlook

▲+2.9°F

11 days

Heat Days >95°F

15 days

Before moving from Great Neck, NY to Chatham, NJ

Use this comparison to shortlist a move, then check the costs that depend on your household.

Compare actual homes. Get current quotes in Chatham, NJ for the same bedroom count and included utilities as your home in Great Neck, NY. Add parking, deposits, insurance and any overlapping leases. The rent estimates above are a starting point, not available listings.
Confirm your income. Check your expected pay with your employer, including any location adjustment. Use “Different salary at destination?” above to compare two incomes. The budget model excludes taxes and one-time moving costs; it is not a take-home-pay calculation.
Price your daily routine. Check the commute from a specific address to work, school or childcare. Add household expenses missing from this model, such as childcare, debt payments and medical needs. Verify local services before signing a lease.
Plan the transition. Get moving quotes and budget for travel, setup costs and time off. Open your Great Neck to Chatham moving checklist to organize the tasks and timing.

Still choosing a destination? Explore cities similar to Chatham, NJ by cost, housing, population and region.

Frequently Asked Questions: Great Neck, NY vs Chatham, NJ

How do the cost estimates for Great Neck, NY and Chatham, NJ compare?

Chatham, NJ has a modeled overall cost index 30.6% lower than Great Neck, NY. This is a broad model comparison, not a survey of today's prices or a forecast of your household spending. Some cities use adjusted regional fallback data.

What does the equivalent salary mean?

At a $150,000 salary in Great Neck, NY, the model estimates $120,002 in Chatham, NJ. It allocates 60% of gross income to the origin city’s category budget and applies each destination category’s relative cost. The equivalent salary adds the total category difference to your income. The monthly difference is the same category difference divided by 12; it is not take-home pay or guaranteed savings. Household size, childcare and your actual lease are not inputs to this calculation.

What rent estimates are available for Great Neck, NY and Chatham, NJ?

The modeled two-bedroom rents are $2,890/month in Great Neck, NY and $3,190/month in Chatham, NJ. Where available, the source is a city median of HUD FY2026 ZIP-level estimates; otherwise a saved metro table is used. City adjustments may also apply. These are not asking rents or available listings. Compare actual properties with the same bedroom count and included utilities.

How should I use this comparison before moving?

Use it to shortlist locations, then replace modeled costs with a current housing quote, employer-confirmed income, commute costs, insurance and your household's other expenses. Add one-time moving costs separately. Source years differ and the saved datasets are not a live price feed. Read the methodology for the formulas and fallback rules.

💰 See how taxes change too — compare take-home pay between New York and New Jersey on TaxTakeHome.com