Armonk, NY
Population 4,382 · New York
About Armonk, NY
Armonk is a small town located in New York with a population of 4,382 residents according to the latest US Census Bureau American Community Survey data. The median household income is $245,500 per year, which is 227% above the national median of $75,149. The median age of 42.6 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 Armonk features a median home value of $1,029,300, which is 320% above the national median of $244,900. This places Armonk 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 1,489 total housing units, 93% are owner-occupied (1,351 units) and 7% are renter-occupied (103 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Armonk shows an unemployment rate of 2.0%, which is lower than the national rate of 3.7%, indicating a relatively strong job market. The poverty rate stands at 5.4%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Armonk have an average one-way commute time of 36.9 minutes, suggesting many residents commute to jobs in a nearby metro area.
Education & Demographics
80.0% of Armonk 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 0.2% White, 1.8% Hispanic or Latino, 0.0% Black or African American, and 10.2% Asian residents, with 19.3% of the population being foreign-born.
How Armonk Ranks in New York
Cost of Living in Armonk, NY
Compared to national averages, Armonk has a median household income of $245,500 (227% above the national median of $75,149). Home values average $1,029,300, which is 320% above the national median. Monthly rent at $0 is 100% below the US average of $1,163. Within New York, Armonk's income is 153% above the state average of $96,987, and home values are 166% above the state median of $387,181.
Why Live in Armonk, NY?
Armonk offers a strong local economy with a median household income of $245,500, 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 2.0%. Additionally, the city features a well-educated community where 80.0% of residents hold a bachelor’s degree or higher, and a low poverty rate of 5.4%, better than the national average.
Potential considerations include a competitive housing market where the typical home costs $1,029,300. However, Armonk’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Armonk has a population of 4,382 with a median age of 42.6 years. Compare Armonk with other cities to see how it stacks up, or explore all cities in New York.
Similar Cities Near Armonk
Cities in New York with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Gang Mills | 4,369 | $118,790 | $274,400 | Compare |
| Thornwood | 4,405 | $186,635 | $654,600 | Compare |
| Milton CDP (Saratoga County), New York | 4,353 | $103,680 | $330,100 | Compare |
| Waverly | 4,337 | $51,327 | $132,400 | Compare |
| Old Westbury | 4,320 | $250,001 | $2,000,001 | Compare |
| Le Roy | 4,310 | $64,338 | $143,400 | Compare |
| Brewerton | 4,466 | $91,164 | $188,400 | Compare |
| Orangeburg | 4,279 | $107,000 | $619,300 | 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.
Compare Armonk With Other Cities
Frequently Asked Questions about Armonk
What is the population of Armonk, NY?
The population of Armonk, NY is 4,382 according to the latest US Census Bureau American Community Survey estimates. This makes it a small town in New York.
What is the median household income in Armonk?
The median household income in Armonk, NY is $245,500 per year, which is 227% above the national median of $75,149.
What is the median home value in Armonk?
The median home value in Armonk, NY is $1,029,300, which is 320% above the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Armonk?
The median monthly rent in Armonk, NY is $0, which is 100% below the national average of $1,163/month.
What is the unemployment rate in Armonk?
The unemployment rate in Armonk, NY is 2.0%, compared to the national average of 3.7%. This lower-than-average rate suggests a relatively healthy local job market.
Is Armonk, NY a good place to live?
Armonk offers above-average incomes, a competitive housing market, and a strong job market. With a population of 4,382 and a median age of 42.6, the city appeals to a broad range of residents.
How educated is Armonk, NY?
80.0% of residents in Armonk 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 Armonk?
Key cost-of-living indicators for Armonk, NY: median home value is $1,029,300 (320% above national), median rent is $0/month, and median household income is $245,500. The home-value-to-income ratio is 4.2x, a moderate figure by national standards.
What is the poverty rate in Armonk?
The poverty rate in Armonk, NY is 5.4%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Armonk, NY?
Armonk's population is 0.2% White, 1.8% Hispanic or Latino, 0.0% Black or African American, 10.2% Asian, and 3.2% two or more races. 19.3% of residents are foreign-born.