The Richest Towns on Long Island (2025)
Go Back To Previous PageLong Island is not only famous for its stunning beaches and breathtaking views of the Atlantic Ocean, but it also boasts numerous affluent neighborhoods and communities. This guide highlights the eleven richest towns on Long Island, helping you discover the premier luxury areas on the island. We will explore both North Fork and Suffolk County.
1. Sagaponack: The Richest Town on Long Island
Sagaponack is the richest town on Long Island, spanning approximately 4.56 square miles between Wainscott and Bridgehampton. It has a population of around 736 people, with only
about half of them being full-time residents.
The small resident base and the town’s secluded location make it an ideal spot for those seeking tranquility and privacy. Residents enjoy picturesque outdoor scenery, a serene atmosphere, and a close-knit community.
With average home prices around $6.18 million, Sagaponack is not only the wealthiest town on Long Island but also one of the most expensive places to live in the entire United States.
2. Water Mill
Water Mill, a small hamlet adjacent to Southampton, is the second-richest town on Long Island. This charming community boasts a rich history and a serene atmosphere, attracting many affluent residents. In addition to its iconic waterfront, Water Mill offers a diverse range of living environments, including farm fields and woodlands. The area is particularly famous for its traditional-style mansions.
Local amenities include visual and performing arts centers, museums, beaches, and all the attractions Long Island has to offer. With an average home price of approximately $4.13 million, Water Mill ranks as the second-most expensive place to live on Long Island.
3. Bridgehampton
Bridgehampton, located within Southampton, is one of Long Island’s wealthiest towns. This area is renowned for its traditional farmhouse homes, beautiful villas, and impressive estates. According to Forbes’ list of the most expensive homes in the world, the real estate in Bridgehampton is highly coveted and considered some of the most desirable worldwide.
This desirability is likely due to the area’s stunning beaches, vibrant sunsets, and breathtaking ocean views, all of which convey an unparalleled sense of luxury. The average home price in Bridgehampton is approximately $3.93 million, making it a notable addition to Long Island’s wealthiest towns.
4. Amagansett
Amagansett is an affluent town situated on the eastern end of Long Island, specifically in East Hampton. It offers something for everyone and is famous for attracting a range of celebrities and A-list vacationers to its serene shores. Locals can enjoy a range of small-town amenities, including fresh produce from farm stands, unique boutiques, and a variety of restaurants.
The area boasts a generous stretch of oceanfront, a rich history, and a relaxed, slow-paced atmosphere. Homes in Amagansett have an average price of $3.77 million, making it one of the most affluent areas on Long Island.
5. Wainscott
Wainscott, located on the East End of Long Island, is a charming community famous for being one of the island’s wealthiest towns. With a population of only 342 residents, the area offers beautiful beaches and stunning southern views of the Atlantic Ocean.
Wainscott boasts a diverse range of local retailers, surf shops, and seafood restaurants, which contribute to its unique appeal. The community is also home to several well-known individuals, including award-winning directors, business tycoons, and other celebrities.
The average home value in Wainscott is $3.18 million, making it an attractive option for those who prefer small-town living with easy access to the big city.
6. Sands Point
Sands Point is one of the wealthiest towns on Long Island. Located at the tip of the Cow Neck Peninsula in Nassau County on the North Shore, Sands Point is a small village within the Greater Port Washington area, home to approximately 2,700 residents.
It serves as an affluent bedroom community for New York City residents and was originally owned by three notable families: the Sands, the Vanderbilts, and the Cornwells.
The per capita income in Sands Point is $150,707, while the median household income exceeds $250,000. The average home price in the area is just over $3 million.
7. Quogue
The town of Quogue spans five square miles of coastline and is regarded as one of the most prestigious areas on the South Fork. This charming locale attracts a diverse population, including surfers, literary enthusiasts, and history buffs, all of whom cherish its historic architecture, beautiful beaches, and expansive waterfront.
Quogue serves as a peaceful retreat for those seeking an escape from the hustle and bustle of city life, providing residents with much-needed tranquility. The average home price in this area is approximately $2.8 million, reflecting its appeal to those seeking a serene living experience.
8. Old Westbury
Old Westbury is one of the wealthiest towns along Long Island’s North Shore. This village is part of the towns of North Hempstead and Oyster Bay, with a population of approximately 4,219 people. Initially settled by Quakers, Old Westbury is now famous for its diverse culture, rich history, and unique charm.
Residents and visitors can enjoy a show at the NYCB Theatre at Westbury, explore the beautiful scenery at the Old Westbury Gardens, or relax with a cup of tea at one of the many nearby cafes. The average home value in Old Westbury is about $2.56 million, making it one of the most expensive areas on the island.
9. Brookville
Brookville is a wealthy community located on the North Shore of Long Island, in the Town of Oyster Bay. With a population of approximately 2,847, it is one of the best places to live in New York. The town boasts a highly affluent resident base, which previously earned it the title of “Wealthiest Town in America” by BusinessWeek in 2009.
Residents can enjoy various natural amenities, including equestrian centers, biking paths, and Bethpage State Park. The average home value in Brookville is approximately $2.35 million, making it an ideal location for affluent families.
10. Muttontown
Muttontown is not only one of the wealthiest towns on Long Island but also one of the friendliest. With a population of around 3,500, this community is often recognized for being family-friendly, featuring beautiful estates, nature preserves, and a welcoming atmosphere. Residents can take advantage of the town’s many green spaces, golf courses, and the short commute to Manhattan.
The local community is closely knit, contributing to crime rates that are approximately 81% lower than the island’s average. Homes in Muttontown have an average sales price of $2.16 million, further solidifying its reputation as one of the island’s wealthiest and most friendly areas.
11. Mill Neck
Mill Neck is one of the wealthiest towns on Long Island. Located in the town of Oyster Bay, Mill Neck is a serene village on the North Shore, home to just over 1,000 residents. The area is renowned for attractions such as the Shu Swamp Nature Preserve and the John P. Humes Japanese Stroll Garden.
Additionally, it features gold coast-era mansions and luxury estates built in the late 19th and early 20th centuries, which were once home to some of America’s wealthiest citizens. Today, Mill Neck remains an affluent community, with a per capita income of $145,188 and an average household income of $250,000.
The average home price in Mill Neck is approximately $2.05 million.
Georges has been working in Wall Street for the last 16 years trading derivatives with hedge funds. He has been an active real estate investor for over a decade. Georges graduated from HEC Business School in Paris and holds a master in Finance from ESADE Barcelona.
