Cove Neck, NY
Population 255 · New York
About Cove Neck, NY
Cove Neck is a small community located in New York with a population of 255 residents according to the latest US Census Bureau American Community Survey data. The median household income is $214,107 per year, which is 185% above the national median of $75,149. The median age of 53.3 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 Cove Neck features a median home value of $1,781,300, which is 627% above the national median of $244,900. This places Cove Neck in a higher-cost housing market, where property demand often outpaces supply. Median monthly rent is $3,156, 171% above the national average of $1,163/month. Of the 114 total housing units, 73% are owner-occupied (75 units) and 27% are renter-occupied (28 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Cove Neck shows an unemployment rate of 2.1%, which is lower than the national rate of 3.7%, indicating a relatively strong job market. The poverty rate stands at 5.1%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Cove Neck have an average one-way commute time of 35.4 minutes, suggesting many residents commute to jobs in a nearby metro area.
Education & Demographics
69.7% of Cove Neck 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 0.8% White, 0.0% Hispanic or Latino, 0.0% Black or African American, and 1.6% Asian residents, with 9.8% of the population being foreign-born.
How Cove Neck Ranks in New York
Cost of Living in Cove Neck, NY
Compared to national averages, Cove Neck has a median household income of $214,107 (185% above the national median of $75,149). Home values average $1,781,300, which is 627% above the national median. Monthly rent at $3,156 is 171% above the US average of $1,163. Within New York, Cove Neck's income is 121% above the state average of $96,987, and home values are 360% above the state median of $387,181.
Why Live in Cove Neck, NY?
Cove Neck offers a strong local economy with a median household income of $214,107, well above the national average, and a strong job market with an unemployment rate of just 2.1%, and a well-educated community where 69.7% of residents hold a bachelor’s degree or higher. Additionally, the city features a low poverty rate of 5.1%, better than the national average.
Potential considerations include a competitive housing market where the typical home costs $1,781,300. However, Cove Neck’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Cove Neck has a population of 255 with a median age of 53.3 years. Compare Cove Neck with other cities to see how it stacks up, or explore all cities in New York.
Similar Cities Near Cove Neck
Cities in New York with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Bloomville | 254 | $79,688 | $135,700 | Compare |
| Downsville | 254 | $0 | $175,000 | Compare |
| Malden-on-Hudson | 256 | $0 | $0 | Compare |
| Hall | 258 | $48,889 | $147,700 | Compare |
| Lisle | 258 | $72,188 | $108,900 | Compare |
| Salt Point | 259 | $141,141 | $235,700 | Compare |
| Stittville | 260 | $0 | $317,700 | Compare |
| Westport | 250 | $48,214 | $131,300 | 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 Cove Neck With Other Cities
Frequently Asked Questions about Cove Neck
What is the population of Cove Neck, NY?
The population of Cove Neck, NY is 255 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 Cove Neck?
The median household income in Cove Neck, NY is $214,107 per year, which is 185% above the national median of $75,149.
What is the median home value in Cove Neck?
The median home value in Cove Neck, NY is $1,781,300, which is 627% above the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Cove Neck?
The median monthly rent in Cove Neck, NY is $3,156, which is 171% above the national average of $1,163/month.
What is the unemployment rate in Cove Neck?
The unemployment rate in Cove Neck, NY is 2.1%, compared to the national average of 3.7%. This lower-than-average rate suggests a relatively healthy local job market.
Is Cove Neck, NY a good place to live?
Cove Neck offers above-average incomes, a competitive housing market, and a strong job market. With a population of 255 and a median age of 53.3, the city appeals to established professionals and retirees.
How educated is Cove Neck, NY?
69.7% of residents in Cove Neck 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 Cove Neck?
Key cost-of-living indicators for Cove Neck, NY: median home value is $1,781,300 (627% above national), median rent is $3,156/month, and median household income is $214,107. The home-value-to-income ratio is 8.3x, which suggests housing may be stretched relative to local earnings.
What is the poverty rate in Cove Neck?
The poverty rate in Cove Neck, NY is 5.1%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Cove Neck, NY?
Cove Neck's population is 0.8% White, 0.0% Hispanic or Latino, 0.0% Black or African American, 1.6% Asian, and 0.0% two or more races. 9.8% of residents are foreign-born.