Esperance, NY
Population 238 · New York
About Esperance, NY
Esperance is a small community located in New York with a population of 238 residents according to the latest US Census Bureau American Community Survey data. The median household income is $68,750 per year, which is 9% below the national median of $75,149. The median age of 48.2 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 Esperance features a median home value of $170,700, which is 30% below the national median of $244,900. This positions Esperance in a moderately priced market relative to the rest of the country. Median monthly rent is $1,100, 5% below the national average of $1,163/month. Of the 153 total housing units, 80% are owner-occupied (94 units) and 20% are renter-occupied (24 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Esperance shows an unemployment rate of 2.8%, which is lower than the national rate of 3.7%, indicating a relatively strong job market. The poverty rate stands at 6.7%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Esperance have an average one-way commute time of 25.9 minutes.
Education & Demographics
13.0% of Esperance 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, 0.0% Black or African American, and 0.0% Asian residents, with 1.7% of the population being foreign-born.
Cost of Living in Esperance, NY
Compared to national averages, Esperance has a median household income of $68,750 (9% below the national median of $75,149). Home values average $170,700, which is 30% below the national median. Monthly rent at $1,100 is 5% below the US average of $1,163. Within New York, Esperance's income is 29% below the state average of $96,987, and home values are 56% below the state median of $387,181.
Why Live in Esperance, NY?
Esperance offers affordable housing with a median home value of $170,700, below the US average of $244,900, and rent that’s lower than the national average at $1,100/month, and a strong job market with an unemployment rate of just 2.8%. Additionally, the city features a low poverty rate of 6.7%, better than the national average.
Potential considerations include median household income ($68,750) that falls below the national average. However, Esperance’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Esperance has a population of 238 with a median age of 48.2 years. Compare Esperance with other cities to see how it stacks up, or explore all cities in New York.
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Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
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Frequently Asked Questions about Esperance
What is the population of Esperance, NY?
The population of Esperance, NY is 238 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 Esperance?
The median household income in Esperance, NY is $68,750 per year, which is 9% below the national median of $75,149.
What is the median home value in Esperance?
The median home value in Esperance, NY is $170,700, which is 30% below the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Esperance?
The median monthly rent in Esperance, NY is $1,100, which is 5% below the national average of $1,163/month.
What is the unemployment rate in Esperance?
The unemployment rate in Esperance, NY is 2.8%, compared to the national average of 3.7%. This lower-than-average rate suggests a relatively healthy local job market.
Is Esperance, NY a good place to live?
Esperance offers a moderate cost of living, affordable housing, and a strong job market. With a population of 238 and a median age of 48.2, the city appeals to established professionals and retirees.
How educated is Esperance, NY?
13.0% of residents in Esperance 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 Esperance?
Key cost-of-living indicators for Esperance, NY: median home value is $170,700 (30% below national), median rent is $1,100/month, and median household income is $68,750. The home-value-to-income ratio is 2.5x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Esperance?
The poverty rate in Esperance, 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 Esperance, NY?
Esperance's population is 0.0% White, 2.1% Hispanic or Latino, 0.0% Black or African American, 0.0% Asian, and 0.4% two or more races. 1.7% of residents are foreign-born.