Chelsea Cove, NY
Population 1,398 · New York
About Chelsea Cove, NY
Chelsea Cove is a small town located in New York with a population of 1,398 residents according to the latest US Census Bureau American Community Survey data. The median household income is $84,193 per year, which is 12% above the national median of $75,149. The median age of 31.6 years is notably younger the US median age of 38.9 years, indicating a younger, often more dynamic population base.
Housing Market Overview
The housing market in Chelsea Cove features a median home value of $250,900, which is 2% above the national median of $244,900. This positions Chelsea Cove in a moderately priced market relative to the rest of the country. Median monthly rent is $2,683, 131% above the national average of $1,163/month. Of the 465 total housing units, 76% are owner-occupied (322 units) and 24% are renter-occupied (99 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Chelsea Cove shows an unemployment rate of 2.9%, which is lower than the national rate of 3.7%, indicating a relatively strong job market. The poverty rate stands at 7.7%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Chelsea Cove have an average one-way commute time of 33 minutes.
Education & Demographics
16.5% of Chelsea Cove residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. The lower educational attainment rate may reflect the area's industry mix, with more employment in trades, manufacturing, or agricultural sectors. The community's demographic composition includes 0.0% White, 2.1% Hispanic or Latino, 13.6% Black or African American, and 12.5% Asian residents, with 5.7% of the population being foreign-born.
Cost of Living in Chelsea Cove, NY
Compared to national averages, Chelsea Cove has a median household income of $84,193 (12% above the national median of $75,149). Home values average $250,900, which is 2% above the national median. Monthly rent at $2,683 is 131% above the US average of $1,163. Within New York, Chelsea Cove's income is 13% below the state average of $96,987, and home values are 35% below the state median of $387,181.
Why Live in Chelsea Cove, NY?
Chelsea Cove offers a strong local economy with a median household income of $84,193, well above the national average, and a strong job market with an unemployment rate of just 2.9%, and a low poverty rate of 7.7%, better than the national average.
Chelsea Cove has a population of 1,398 with a median age of 31.6 years. Compare Chelsea Cove with other cities to see how it stacks up, or explore all cities in New York.
Similar Cities Near Chelsea Cove
Cities in New York with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Harbor Isle | 1,401 | $124,681 | $606,500 | Compare |
| Port Henry | 1,403 | $42,895 | $159,200 | Compare |
| Constantia | 1,405 | $91,806 | $167,700 | Compare |
| Crugers | 1,386 | $59,737 | $571,300 | Compare |
| Wilson | 1,385 | $60,938 | $162,700 | Compare |
| Celoron | 1,412 | $54,632 | $81,800 | Compare |
| Head of the Harbor | 1,378 | $250,001 | $1,123,900 | Compare |
| Gasport | 1,419 | $71,780 | $151,600 | 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 Chelsea Cove With Other Cities
Frequently Asked Questions about Chelsea Cove
What is the population of Chelsea Cove, NY?
The population of Chelsea Cove, NY is 1,398 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 Chelsea Cove?
The median household income in Chelsea Cove, NY is $84,193 per year, which is 12% above the national median of $75,149.
What is the median home value in Chelsea Cove?
The median home value in Chelsea Cove, NY is $250,900, which is 2% above the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Chelsea Cove?
The median monthly rent in Chelsea Cove, NY is $2,683, which is 131% above the national average of $1,163/month.
What is the unemployment rate in Chelsea Cove?
The unemployment rate in Chelsea Cove, NY is 2.9%, compared to the national average of 3.7%. This lower-than-average rate suggests a relatively healthy local job market.
Is Chelsea Cove, NY a good place to live?
Chelsea Cove offers above-average incomes, a competitive housing market, and a strong job market. With a population of 1,398 and a median age of 31.6, the city appeals to young professionals and families.
How educated is Chelsea Cove, NY?
16.5% of residents in Chelsea Cove aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. The educational profile reflects the area's industry mix and employment landscape.
What is the cost of living in Chelsea Cove?
Key cost-of-living indicators for Chelsea Cove, NY: median home value is $250,900 (2% above national), median rent is $2,683/month, and median household income is $84,193. The home-value-to-income ratio is 3.0x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Chelsea Cove?
The poverty rate in Chelsea Cove, NY is 7.7%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Chelsea Cove, NY?
Chelsea Cove's population is 0.0% White, 2.1% Hispanic or Latino, 13.6% Black or African American, 12.5% Asian, and 27.3% two or more races. 5.7% of residents are foreign-born.