Buchanan, NY
Population 2,296 · New York
About Buchanan, NY
Buchanan is a small town located in New York with a population of 2,296 residents according to the latest US Census Bureau American Community Survey data. The median household income is $127,375 per year, which is 69% above the national median of $75,149. The median age of 40.9 years is close to the US median age of 38.9 years.
Housing Market Overview
The housing market in Buchanan features a median home value of $492,000, which is 101% above the national median of $244,900. This places Buchanan in a higher-cost housing market, where property demand often outpaces supply. Median monthly rent is $1,670, 44% above the national average of $1,163/month. Of the 849 total housing units, 88% are owner-occupied (715 units) and 12% are renter-occupied (102 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Buchanan shows an unemployment rate of 0.9%, which is lower than the national rate of 3.7%, indicating a relatively strong job market. The poverty rate stands at 3.7%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Buchanan have an average one-way commute time of 35.2 minutes, suggesting many residents commute to jobs in a nearby metro area.
Education & Demographics
45.8% of Buchanan 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, 2.0% Hispanic or Latino, 4.1% Black or African American, and 17.7% Asian residents, with 9.5% of the population being foreign-born.
How Buchanan Ranks in New York
Cost of Living in Buchanan, NY
Compared to national averages, Buchanan has a median household income of $127,375 (69% above the national median of $75,149). Home values average $492,000, which is 101% above the national median. Monthly rent at $1,670 is 44% above the US average of $1,163. Within New York, Buchanan's income is 31% above the state average of $96,987, and home values are 27% above the state median of $387,181.
Why Live in Buchanan, NY?
Buchanan offers a strong local economy with a median household income of $127,375, well above the national average, and a strong job market with an unemployment rate of just 0.9%, and a well-educated community where 45.8% of residents hold a bachelor’s degree or higher. Additionally, the city features a low poverty rate of 3.7%, better than the national average.
Potential considerations include a competitive housing market where the typical home costs $492,000. However, Buchanan’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Buchanan has a population of 2,296 with a median age of 40.9 years. Compare Buchanan with other cities to see how it stacks up, or explore all cities in New York.
Similar Cities Near Buchanan
Cities in New York with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Marist College | 2,300 | $0 | $0 | Compare |
| Lake Katrine | 2,284 | $64,038 | $210,700 | Compare |
| Seneca Knolls | 2,308 | $54,963 | $123,900 | Compare |
| Bedford Hills | 2,283 | $102,750 | $491,500 | Compare |
| Shelter Island | 2,281 | $129,410 | $1,019,000 | Compare |
| Glasco | 2,275 | $58,808 | $296,400 | Compare |
| Fort Plain | 2,274 | $37,600 | $78,700 | Compare |
| Granville | 2,270 | $44,940 | $140,800 | 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 Buchanan With Other Cities
Frequently Asked Questions about Buchanan
What is the population of Buchanan, NY?
The population of Buchanan, NY is 2,296 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 Buchanan?
The median household income in Buchanan, NY is $127,375 per year, which is 69% above the national median of $75,149.
What is the median home value in Buchanan?
The median home value in Buchanan, NY is $492,000, which is 101% above the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Buchanan?
The median monthly rent in Buchanan, NY is $1,670, which is 44% above the national average of $1,163/month.
What is the unemployment rate in Buchanan?
The unemployment rate in Buchanan, NY is 0.9%, compared to the national average of 3.7%. This lower-than-average rate suggests a relatively healthy local job market.
Is Buchanan, NY a good place to live?
Buchanan offers above-average incomes, a competitive housing market, and a strong job market. With a population of 2,296 and a median age of 40.9, the city appeals to a broad range of residents.
How educated is Buchanan, NY?
45.8% of residents in Buchanan 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 Buchanan?
Key cost-of-living indicators for Buchanan, NY: median home value is $492,000 (101% above national), median rent is $1,670/month, and median household income is $127,375. The home-value-to-income ratio is 3.9x, a moderate figure by national standards.
What is the poverty rate in Buchanan?
The poverty rate in Buchanan, NY is 3.7%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Buchanan, NY?
Buchanan's population is 0.0% White, 2.0% Hispanic or Latino, 4.1% Black or African American, 17.7% Asian, and 7.5% two or more races. 9.5% of residents are foreign-born.