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Water Mill, New York

Last updated: 2024 BLS data · Page refreshed:

City Profile — Demographics, Income, Education & Housing
Data: U.S. Census Bureau, American Community Survey 2024 5-Year Estimates
2,764
Population
$186,875
Median Income
$2,000,001
Home Value
54.9
Median Age

Demographics

Water Mill has a population of 2,764 with a median age of 54.9. Here is the racial and ethnic breakdown of the population:

White
89.4%
Hispanic
8.3%
Asian
1.5%
Demographic Value
Total Population2,764
Median Age54.9
White89.4%
Black or African American0.4%
Asian1.5%
Hispanic or Latino8.3%
Water Mill, New York — racial composition (Census ACS 2024)Donut chart of 3 segments totaling 100.White: 89.8%Hispanic/Latino: 8.3%Other: 1.9%2,764PopulationWhiteWhite89.8%Hispanic/LatinoHispanic/Latino8.3%OtherOther1.9%

Income & Economy

The median household income in Water Mill is $186,875, which is 131.8% above the national median of $80,610. The per capita income is $151,552. The poverty rate is 3.6%.

$186,875
Median Household Income
$151,552
Per Capita Income
3.6%
Poverty Rate

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Education

In Water Mill, 97.7% of residents age 25+ have a high school diploma or higher, and 73.0% hold a bachelor's degree or higher (28.9% with a graduate or professional degree).

HS Diploma+
97.7%
Bachelor's+
73.0%
Graduate+
28.9%
Education Level % of Adults (25+)
High School Diploma or Higher97.7%
Bachelor's Degree or Higher73.0%
Graduate or Professional Degree28.9%

Housing

The median home value in Water Mill is $2,000,001, above the national median of $303,400. The median monthly rent is $3,200. The homeownership rate is 93.8%.

$2,000,001
Median Home Value
$3,200/mo
Median Rent
93.8%
Homeownership Rate
Housing Metric Value
Median Home Value$2,000,001
Median Monthly Rent$3,200
Homeownership Rate93.8%
Vacancy Rate50.1%

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Frequently Asked Questions

What is the population of Water Mill, New York?
The population of Water Mill, New York is 2,764 according to U.S. Census Bureau ACS 2024 5-Year Estimates.
What is the median household income in Water Mill, New York?
The median household income in Water Mill, New York is $186,875. This is 131.8% above the national median of $80,610.
What is the median home value in Water Mill, New York?
The median home value in Water Mill, New York is $2,000,001. The median monthly rent is $3,200.
What percentage of people in Water Mill have a college degree?
In Water Mill, New York, 73.0% of adults age 25 and older hold a bachelor's degree or higher, and 97.7% have a high school diploma or higher.
Is Water Mill, New York an affordable place to live?
The home price-to-income ratio in Water Mill, New York is 10.7x (median home value $2,000,001 vs. median income $186,875), making it relatively expensive by that measure. A ratio under 4.0 is generally considered affordable.

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