Corfu, NY
Population 718 · New York
About Corfu, NY
Corfu is a small community located in New York with a population of 718 residents according to the latest US Census Bureau American Community Survey data. The median household income is $72,143 per year, which is 4% below the national median of $75,149. The median age of 50.6 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 Corfu features a median home value of $140,300, which is 43% below the national median of $244,900. This makes Corfu one of the more affordable markets in the country, potentially attractive for first-time homebuyers. Median monthly rent is $825, 29% below the national average of $1,163/month. Of the 348 total housing units, 85% are owner-occupied (276 units) and 15% are renter-occupied (50 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Corfu shows an unemployment rate of 4.2%, which is near the national rate of 3.7%. The poverty rate stands at 6.7%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Corfu have an average one-way commute time of 21.9 minutes.
Education & Demographics
23.8% of Corfu 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, 1.7% Hispanic or Latino, 1.8% Black or African American, and 0.0% Asian residents, with 0.1% of the population being foreign-born.
Cost of Living in Corfu, NY
Compared to national averages, Corfu has a median household income of $72,143 (4% below the national median of $75,149). Home values average $140,300, which is 43% below the national median. Monthly rent at $825 is 29% below the US average of $1,163. Within New York, Corfu's income is 26% below the state average of $96,987, and home values are 64% below the state median of $387,181.
Why Live in Corfu, NY?
Corfu offers affordable housing with a median home value of $140,300, below the US average of $244,900, and rent that’s lower than the national average at $825/month, and a low poverty rate of 6.7%, better than the national average. Additionally, the city features short commute times averaging just 21.9 minutes.
Potential considerations include median household income ($72,143) that falls below the national average. However, Corfu’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Corfu has a population of 718 with a median age of 50.6 years. Compare Corfu with other cities to see how it stacks up, or explore all cities in New York.
Similar Cities Near Corfu
Cities in New York with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Nelsonville | 714 | $133,125 | $577,200 | Compare |
| Plandome Manor | 713 | $250,001 | $2,000,001 | Compare |
| Asharoken | 712 | $139,094 | $1,202,800 | Compare |
| Savona | 724 | $47,250 | $96,300 | Compare |
| East Herkimer | 711 | $84,000 | $122,000 | Compare |
| Lime Lake | 726 | $43,994 | $109,000 | Compare |
| New Hamburg | 728 | $118,500 | $355,100 | Compare |
| Tannersville | 708 | $64,732 | $267,100 | 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 Corfu
What is the population of Corfu, NY?
The population of Corfu, NY is 718 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 Corfu?
The median household income in Corfu, NY is $72,143 per year, which is 4% below the national median of $75,149.
What is the median home value in Corfu?
The median home value in Corfu, NY is $140,300, which is 43% below the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Corfu?
The median monthly rent in Corfu, NY is $825, which is 29% below the national average of $1,163/month.
What is the unemployment rate in Corfu?
The unemployment rate in Corfu, NY is 4.2%, compared to the national average of 3.7%. Job seekers may want to research the dominant industries in the area.
Is Corfu, NY a good place to live?
Corfu offers a moderate cost of living, affordable housing, and growing employment opportunities. With a population of 718 and a median age of 50.6, the city appeals to established professionals and retirees.
How educated is Corfu, NY?
23.8% of residents in Corfu 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 Corfu?
Key cost-of-living indicators for Corfu, NY: median home value is $140,300 (43% below national), median rent is $825/month, and median household income is $72,143. The home-value-to-income ratio is 1.9x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Corfu?
The poverty rate in Corfu, NY is 6.7%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Corfu, NY?
Corfu's population is 0.0% White, 1.7% Hispanic or Latino, 1.8% Black or African American, 0.0% Asian, and 1.5% two or more races. 0.1% of residents are foreign-born.