Greenwood Lake, NY
Population 3,022 · New York
About Greenwood Lake, NY
Greenwood Lake is a small town located in New York with a population of 3,022 residents according to the latest US Census Bureau American Community Survey data. The median household income is $80,240 per year, which is 7% above the national median of $75,149. The median age of 42.2 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 Greenwood Lake features a median home value of $309,600, which is 26% above the national median of $244,900. This positions Greenwood Lake in a moderately priced market relative to the rest of the country. Median monthly rent is $1,584, 36% above the national average of $1,163/month. Of the 1,379 total housing units, 78% are owner-occupied (923 units) and 22% are renter-occupied (258 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Greenwood Lake shows an unemployment rate of 5.9%, which is significantly above the national rate of 3.7%, suggesting economic challenges in the area. The poverty rate stands at 8.6%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Greenwood Lake have an average one-way commute time of 37.2 minutes, suggesting many residents commute to jobs in a nearby metro area.
Education & Demographics
33.2% of Greenwood Lake 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 2.3% White, 0.5% Hispanic or Latino, 2.8% Black or African American, and 7.5% Asian residents, with 20.3% of the population being foreign-born.
Cost of Living in Greenwood Lake, NY
Compared to national averages, Greenwood Lake has a median household income of $80,240 (7% above the national median of $75,149). Home values average $309,600, which is 26% above the national median. Monthly rent at $1,584 is 36% above the US average of $1,163. Within New York, Greenwood Lake's income is 17% below the state average of $96,987, and home values are 20% below the state median of $387,181.
Why Live in Greenwood Lake, NY?
Greenwood Lake offers a strong local economy with a median household income of $80,240, well above the national average, and a low poverty rate of 8.6%, better than the national average.
Greenwood Lake has a population of 3,022 with a median age of 42.2 years. Compare Greenwood Lake with other cities to see how it stacks up, or explore all cities in New York.
Similar Cities Near Greenwood Lake
Cities in New York with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Sloatsburg | 3,029 | $104,444 | $426,100 | Compare |
| East Syracuse | 3,039 | $60,750 | $113,000 | Compare |
| Lake Delta | 3,005 | $97,917 | $224,200 | Compare |
| Chappaqua | 3,040 | $220,139 | $740,300 | Compare |
| Sherrill | 3,041 | $88,233 | $207,400 | Compare |
| Cornwall-on-Hudson | 3,046 | $150,288 | $458,000 | Compare |
| New York Mills | 2,989 | $55,682 | $163,000 | Compare |
| Warsaw | 3,061 | $54,196 | $119,700 | 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 Greenwood Lake
What is the population of Greenwood Lake, NY?
The population of Greenwood Lake, NY is 3,022 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 Greenwood Lake?
The median household income in Greenwood Lake, NY is $80,240 per year, which is 7% above the national median of $75,149.
What is the median home value in Greenwood Lake?
The median home value in Greenwood Lake, NY is $309,600, which is 26% above the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Greenwood Lake?
The median monthly rent in Greenwood Lake, NY is $1,584, which is 36% above the national average of $1,163/month.
What is the unemployment rate in Greenwood Lake?
The unemployment rate in Greenwood Lake, NY is 5.9%, compared to the national average of 3.7%. Job seekers may want to research the dominant industries in the area.
Is Greenwood Lake, NY a good place to live?
Greenwood Lake offers above-average incomes, a competitive housing market, and growing employment opportunities. With a population of 3,022 and a median age of 42.2, the city appeals to a broad range of residents.
How educated is Greenwood Lake, NY?
33.2% of residents in Greenwood Lake 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 Greenwood Lake?
Key cost-of-living indicators for Greenwood Lake, NY: median home value is $309,600 (26% above national), median rent is $1,584/month, and median household income is $80,240. The home-value-to-income ratio is 3.9x, a moderate figure by national standards.
What is the poverty rate in Greenwood Lake?
The poverty rate in Greenwood Lake, NY is 8.6%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Greenwood Lake, NY?
Greenwood Lake's population is 2.3% White, 0.5% Hispanic or Latino, 2.8% Black or African American, 7.5% Asian, and 1.5% two or more races. 20.3% of residents are foreign-born.