Barnum Island, NY
Population 2,173 · New York
About Barnum Island, NY
Barnum Island is a small town located in New York with a population of 2,173 residents according to the latest US Census Bureau American Community Survey data. The median household income is $118,160 per year, which is 57% above the national median of $75,149. The median age of 50.1 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 Barnum Island features a median home value of $680,500, which is 178% above the national median of $244,900. This places Barnum Island in a higher-cost housing market, where property demand often outpaces supply. Median monthly rent is $3,306, 184% above the national average of $1,163/month. Of the 930 total housing units, 76% are owner-occupied (673 units) and 24% are renter-occupied (211 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Barnum Island shows an unemployment rate of 3.2%, which is lower than the national rate of 3.7%, indicating a relatively strong job market. The poverty rate stands at 8.2%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Barnum Island have an average one-way commute time of 42.4 minutes, suggesting many residents commute to jobs in a nearby metro area.
Education & Demographics
40.6% of Barnum Island residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. This is in line with national trends in educational attainment. The community's demographic composition includes 0.0% White, 0.0% Hispanic or Latino, 0.3% Black or African American, and 1.7% Asian residents, with 14.7% of the population being foreign-born.
Cost of Living in Barnum Island, NY
Compared to national averages, Barnum Island has a median household income of $118,160 (57% above the national median of $75,149). Home values average $680,500, which is 178% above the national median. Monthly rent at $3,306 is 184% above the US average of $1,163. Within New York, Barnum Island's income is 22% above the state average of $96,987, and home values are 76% above the state median of $387,181.
Why Live in Barnum Island, NY?
Barnum Island offers a strong local economy with a median household income of $118,160, well above the national average, and a strong job market with an unemployment rate of just 3.2%, and a well-educated community where 40.6% of residents hold a bachelor’s degree or higher. Additionally, the city features a low poverty rate of 8.2%, better than the national average.
Potential considerations include a competitive housing market where the typical home costs $680,500. However, Barnum Island’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Barnum Island has a population of 2,173 with a median age of 50.1 years. Compare Barnum Island with other cities to see how it stacks up, or explore all cities in New York.
Similar Cities Near Barnum Island
Cities in New York with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Greenport West | 2,170 | $74,432 | $770,800 | Compare |
| Ontario | 2,176 | $52,625 | $189,400 | Compare |
| Bellerose Terrace | 2,180 | $160,443 | $562,700 | Compare |
| Phelps | 2,164 | $65,272 | $162,700 | Compare |
| Lake Placid | 2,159 | $49,556 | $370,700 | Compare |
| Lima | 2,188 | $85,469 | $195,400 | Compare |
| Caledonia | 2,193 | $89,583 | $169,700 | Compare |
| Fishkill | 2,193 | $94,348 | $280,400 | 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 Barnum Island
What is the population of Barnum Island, NY?
The population of Barnum Island, NY is 2,173 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 Barnum Island?
The median household income in Barnum Island, NY is $118,160 per year, which is 57% above the national median of $75,149.
What is the median home value in Barnum Island?
The median home value in Barnum Island, NY is $680,500, which is 178% above the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Barnum Island?
The median monthly rent in Barnum Island, NY is $3,306, which is 184% above the national average of $1,163/month.
What is the unemployment rate in Barnum Island?
The unemployment rate in Barnum Island, NY is 3.2%, compared to the national average of 3.7%. This lower-than-average rate suggests a relatively healthy local job market.
Is Barnum Island, NY a good place to live?
Barnum Island offers above-average incomes, a competitive housing market, and a strong job market. With a population of 2,173 and a median age of 50.1, the city appeals to established professionals and retirees.
How educated is Barnum Island, NY?
40.6% of residents in Barnum Island 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 Barnum Island?
Key cost-of-living indicators for Barnum Island, NY: median home value is $680,500 (178% above national), median rent is $3,306/month, and median household income is $118,160. The home-value-to-income ratio is 5.8x, a moderate figure by national standards.
What is the poverty rate in Barnum Island?
The poverty rate in Barnum Island, NY is 8.2%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Barnum Island, NY?
Barnum Island's population is 0.0% White, 0.0% Hispanic or Latino, 0.3% Black or African American, 1.7% Asian, and 4.7% two or more races. 14.7% of residents are foreign-born.