Herkimer, NY
Population 7,335 · New York
About Herkimer, NY
Herkimer is a small town located in New York with a population of 7,335 residents according to the latest US Census Bureau American Community Survey data. The median household income is $57,281 per year, which is 24% below the national median of $75,149. The median age of 45.9 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 Herkimer features a median home value of $123,700, which is 49% below the national median of $244,900. This makes Herkimer one of the more affordable markets in the country, potentially attractive for first-time homebuyers. Median monthly rent is $824, 29% below the national average of $1,163/month. Of the 3,621 total housing units, 52% are owner-occupied (1,683 units) and 48% are renter-occupied (1,533 units). The balanced mix of owners and renters indicates a diverse housing market.
Economy & Employment
The local economy in Herkimer shows an unemployment rate of 6.2%, which is significantly above the national rate of 3.7%, suggesting economic challenges in the area. The poverty rate stands at 19.5%, above the national average of 12.4%. Workers in Herkimer have an average one-way commute time of 19.4 minutes, one of the shorter commutes in the region.
Education & Demographics
19.4% of Herkimer 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, 0.7% Hispanic or Latino, 0.6% Black or African American, and 1.0% Asian residents, with 3.8% of the population being foreign-born.
Cost of Living in Herkimer, NY
Compared to national averages, Herkimer has a median household income of $57,281 (24% below the national median of $75,149). Home values average $123,700, which is 49% below the national median. Monthly rent at $824 is 29% below the US average of $1,163. Within New York, Herkimer's income is 41% below the state average of $96,987, and home values are 68% below the state median of $387,181.
Why Live in Herkimer, NY?
Herkimer offers affordable housing with a median home value of $123,700, below the US average of $244,900, and rent that’s lower than the national average at $824/month, and short commute times averaging just 19.4 minutes.
Potential considerations include median household income ($57,281) that falls below the national average. However, Herkimer’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Herkimer has a population of 7,335 with a median age of 45.9 years. Compare Herkimer with other cities to see how it stacks up, or explore all cities in New York.
Similar Cities Near Herkimer
Cities in New York with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Briarcliff Manor | 7,333 | $226,053 | $850,500 | Compare |
| Northport | 7,320 | $141,378 | $708,400 | Compare |
| Cedarhurst | 7,306 | $98,958 | $815,800 | Compare |
| East Shoreham | 7,279 | $165,789 | $542,000 | Compare |
| Pleasantville | 7,395 | $177,591 | $830,900 | Compare |
| Hudson Falls | 7,401 | $62,237 | $158,700 | Compare |
| Scotia | 7,260 | $74,185 | $182,800 | Compare |
| Monticello | 7,252 | $47,464 | $152,600 | 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 Herkimer With Other Cities
Frequently Asked Questions about Herkimer
What is the population of Herkimer, NY?
The population of Herkimer, NY is 7,335 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 Herkimer?
The median household income in Herkimer, NY is $57,281 per year, which is 24% below the national median of $75,149.
What is the median home value in Herkimer?
The median home value in Herkimer, NY is $123,700, which is 49% below the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Herkimer?
The median monthly rent in Herkimer, NY is $824, which is 29% below the national average of $1,163/month.
What is the unemployment rate in Herkimer?
The unemployment rate in Herkimer, NY is 6.2%, compared to the national average of 3.7%. Job seekers may want to research the dominant industries in the area.
Is Herkimer, NY a good place to live?
Herkimer offers a moderate cost of living, affordable housing, and growing employment opportunities. With a population of 7,335 and a median age of 45.9, the city appeals to established professionals and retirees.
How educated is Herkimer, NY?
19.4% of residents in Herkimer 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 Herkimer?
Key cost-of-living indicators for Herkimer, NY: median home value is $123,700 (49% below national), median rent is $824/month, and median household income is $57,281. The home-value-to-income ratio is 2.2x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Herkimer?
The poverty rate in Herkimer, NY is 19.5%, compared to the national average of 12.4%. Residents and prospective movers should be aware of the economic challenges facing parts of this community.
How diverse is Herkimer, NY?
Herkimer's population is 0.0% White, 0.7% Hispanic or Latino, 0.6% Black or African American, 1.0% Asian, and 1.8% two or more races. 3.8% of residents are foreign-born.