Hermon, NY
Population 603 · New York
About Hermon, NY
Hermon is a small community located in New York with a population of 603 residents according to the latest US Census Bureau American Community Survey data. The median household income is $83,173 per year, which is 11% above the national median of $75,149. The median age of 24.9 years is notably younger the US median age of 38.9 years, indicating a younger, often more dynamic population base.
Housing Market Overview
The housing market in Hermon features a median home value of $75,300, which is 69% below the national median of $244,900. This makes Hermon one of the more affordable markets in the country, potentially attractive for first-time homebuyers. Median monthly rent is $0, 100% below the national average of $1,163/month. Of the 164 total housing units, 80% are owner-occupied (128 units) and 20% are renter-occupied (33 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Hermon shows an unemployment rate of 26.6%, which is significantly above the national rate of 3.7%, suggesting economic challenges in the area. The poverty rate stands at 9.4%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Hermon have an average one-way commute time of 37.9 minutes, suggesting many residents commute to jobs in a nearby metro area.
Education & Demographics
25.4% of Hermon 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, 9.6% Hispanic or Latino, 0.0% Black or African American, and 8.3% Asian residents, with 0.7% of the population being foreign-born.
How Hermon Ranks in New York
Cost of Living in Hermon, NY
Compared to national averages, Hermon has a median household income of $83,173 (11% above the national median of $75,149). Home values average $75,300, which is 69% below the national median. Monthly rent at $0 is 100% below the US average of $1,163. Within New York, Hermon's income is 14% below the state average of $96,987, and home values are 81% below the state median of $387,181.
Why Live in Hermon, NY?
Hermon offers a strong local economy with a median household income of $83,173, well above the national average, and affordable housing with a median home value of $75,300, below the US average of $244,900, and rent that’s lower than the national average at $0/month. Additionally, the city features a low poverty rate of 9.4%, better than the national average.
Hermon has a population of 603 with a median age of 24.9 years. Compare Hermon 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 Hermon
What is the population of Hermon, NY?
The population of Hermon, NY is 603 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 Hermon?
The median household income in Hermon, NY is $83,173 per year, which is 11% above the national median of $75,149.
What is the median home value in Hermon?
The median home value in Hermon, NY is $75,300, which is 69% below the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Hermon?
The median monthly rent in Hermon, NY is $0, which is 100% below the national average of $1,163/month.
What is the unemployment rate in Hermon?
The unemployment rate in Hermon, NY is 26.6%, compared to the national average of 3.7%. Job seekers may want to research the dominant industries in the area.
Is Hermon, NY a good place to live?
Hermon offers above-average incomes, affordable housing, and growing employment opportunities. With a population of 603 and a median age of 24.9, the city appeals to young professionals and families.
How educated is Hermon, NY?
25.4% of residents in Hermon 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 Hermon?
Key cost-of-living indicators for Hermon, NY: median home value is $75,300 (69% below national), median rent is $0/month, and median household income is $83,173. The home-value-to-income ratio is 0.9x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Hermon?
The poverty rate in Hermon, NY is 9.4%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Hermon, NY?
Hermon's population is 0.0% White, 9.6% Hispanic or Latino, 0.0% Black or African American, 8.3% Asian, and 0.5% two or more races. 0.7% of residents are foreign-born.