This data is based on ZIP code 11755.
The U.S. Census reports business data by ZIP code, not city boundaries. Some businesses just outside city limits may be included, and vice versa.
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Lake Grove ZIP Area Economy · 2023
Wages -53% vs. avg. Suffolk Co. town
Lake Grove's ZIP area supports 5,132 jobs across 413 businesses, with workers earning an average of $34K per year, 53% below the Suffolk County average. The economy is moderately diversified (0.80 index), led by retail trade and construction. 85.5% of businesses have fewer than 20 employees, and each business employs an average of 12.4 people. Jobs grew 1.6% from the prior year while business count grew 1.5%.
Where Businesses Clusteri
Larger blocks have more businesses.
Local Specialization vs. Suffolk Avg.i
Industries sorted by relative concentration in this ZIP area.
Business Size Distributioni
413 businesses by employee count. 85.5% are small businesses (under 20 employees).
Small (10-19)
Micro (<5)
Small (5-9)
Medium (20-49)
Medium (50-99)
Large (100-249)
Economic Densityi
0.46
jobs per resident
12.4
employees per business
County avg: 11.1+12%
$16K
payroll per resident
$417K
payroll per business
Lake Grove ZIP Area vs. Avg. Suffolk Co. Towni
All Industries in ZIP Areai
| Sector | Lake Grove ZIP | Avg. Suffolk Co. | Spec. |
|---|---|---|---|
| Retail Trade | 158 | 116 | 3.2x |
| Construction | 45 | 131 | 0.8x |
| Professional Services | 39 | 119 | 0.8x |
| Food & Accommodation | 36 | 85 | 1.0x |
| Healthcare | 30 | 114 | 0.6x |
| Other Services | 28 | 98 | 0.7x |
| Finance & Insurance | 15 | 45 | 0.8x |
| Wholesale Trade | 14 | 44 | 0.7x |
| Real Estate | 11 | 43 | 0.6x |
| Admin Services | 11 | 69 | 0.4x |
| Information | 9 | 12 | 1.7x |
| Transportation | 8 | 20 | 0.9x |
| Arts & Entertainment | 3 | 23 | 0.3x |