Amagansett, NY
Population 651 · New York
About Amagansett, NY
Amagansett is a small community located in New York with a population of 651 residents according to the latest US Census Bureau American Community Survey data. The median household income is $172,241 per year, which is 129% above the national median of $75,149. The median age of 59.4 years is notably older the US median age of 38.9 years, suggesting a more established community with a higher proportion of long-term residents.
Housing Market Overview
The housing market in Amagansett features a median home value of $1,761,600, which is 619% above the national median of $244,900. This places Amagansett in a higher-cost housing market, where property demand often outpaces supply. Median monthly rent is $0, 100% below the national average of $1,163/month. Of the 1,565 total housing units, 100% are owner-occupied (308 units) and 0% are renter-occupied (0 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Amagansett shows an unemployment rate of 0.0%, which is lower than the national rate of 3.7%, indicating a relatively strong job market. The poverty rate stands at 0.8%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Amagansett have an average one-way commute time of 39.8 minutes, suggesting many residents commute to jobs in a nearby metro area.
Education & Demographics
70.4% of Amagansett residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. This significantly higher educational attainment rate often correlates with access to knowledge-economy jobs and higher household incomes. The community's demographic composition includes 0.0% White, 0.0% Hispanic or Latino, 0.0% Black or African American, and 4.5% Asian residents, with 3.2% of the population being foreign-born.
Cost of Living in Amagansett, NY
Compared to national averages, Amagansett has a median household income of $172,241 (129% above the national median of $75,149). Home values average $1,761,600, which is 619% above the national median. Monthly rent at $0 is 100% below the US average of $1,163. Within New York, Amagansett's income is 78% above the state average of $96,987, and home values are 355% above the state median of $387,181.
Why Live in Amagansett, NY?
Amagansett offers a strong local economy with a median household income of $172,241, well above the national average, and rent that’s lower than the national average at $0/month, and a strong job market with an unemployment rate of just 0.0%. Additionally, the city features a well-educated community where 70.4% of residents hold a bachelor’s degree or higher, and a low poverty rate of 0.8%, better than the national average.
Potential considerations include a competitive housing market where the typical home costs $1,761,600. However, Amagansett’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Amagansett has a population of 651 with a median age of 59.4 years. Compare Amagansett with other cities to see how it stacks up, or explore all cities in New York.
Similar Cities Near Amagansett
Cities in New York with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Margaretville | 651 | $36,411 | $192,400 | Compare |
| Copenhagen | 652 | $75,833 | $150,000 | Compare |
| Port Gibson | 652 | $0 | $0 | Compare |
| Accord | 654 | $103,136 | $0 | Compare |
| Belfast | 648 | $51,250 | $85,700 | Compare |
| Crystal Beach | 648 | $52,857 | $163,900 | Compare |
| Freedom Plains | 648 | $44,405 | $272,200 | Compare |
| Heuvelton | 654 | $60,500 | $106,100 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in New York
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
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Frequently Asked Questions about Amagansett
What is the population of Amagansett, NY?
The population of Amagansett, NY is 651 according to the latest US Census Bureau American Community Survey estimates. This makes it a small community in New York.
What is the median household income in Amagansett?
The median household income in Amagansett, NY is $172,241 per year, which is 129% above the national median of $75,149.
What is the median home value in Amagansett?
The median home value in Amagansett, NY is $1,761,600, which is 619% above the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Amagansett?
The median monthly rent in Amagansett, NY is $0, which is 100% below the national average of $1,163/month.
What is the unemployment rate in Amagansett?
The unemployment rate in Amagansett, NY is 0.0%, compared to the national average of 3.7%. This lower-than-average rate suggests a relatively healthy local job market.
Is Amagansett, NY a good place to live?
Amagansett offers above-average incomes, a competitive housing market, and a strong job market. With a population of 651 and a median age of 59.4, the city appeals to established professionals and retirees.
How educated is Amagansett, NY?
70.4% of residents in Amagansett aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. This above-average educational attainment often reflects a knowledge-based local economy.
What is the cost of living in Amagansett?
Key cost-of-living indicators for Amagansett, NY: median home value is $1,761,600 (619% above national), median rent is $0/month, and median household income is $172,241. The home-value-to-income ratio is 10.2x, which suggests housing may be stretched relative to local earnings.
What is the poverty rate in Amagansett?
The poverty rate in Amagansett, NY is 0.8%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Amagansett, NY?
Amagansett's population is 0.0% White, 0.0% Hispanic or Latino, 0.0% Black or African American, 4.5% Asian, and 0.3% two or more races. 3.2% of residents are foreign-born.