Island Park, NY
Population 4,958 · New York
About Island Park, NY
Island Park is a small town located in New York with a population of 4,958 residents according to the latest US Census Bureau American Community Survey data. The median household income is $104,657 per year, which is 39% above the national median of $75,149. The median age of 42.4 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 Island Park features a median home value of $529,000, which is 116% above the national median of $244,900. This places Island Park in a higher-cost housing market, where property demand often outpaces supply. Median monthly rent is $2,092, 80% above the national average of $1,163/month. Of the 1,927 total housing units, 52% are owner-occupied (936 units) and 48% are renter-occupied (853 units). The balanced mix of owners and renters indicates a diverse housing market.
Economy & Employment
The local economy in Island Park shows an unemployment rate of 7.5%, which is significantly above the national rate of 3.7%, suggesting economic challenges in the area. The poverty rate stands at 11.8%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Island Park have an average one-way commute time of 35.9 minutes, suggesting many residents commute to jobs in a nearby metro area.
Education & Demographics
30.1% of Island Park 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 2.2% White, 0.0% Hispanic or Latino, 4.3% Black or African American, and 17.7% Asian residents, with 23.6% of the population being foreign-born.
Cost of Living in Island Park, NY
Compared to national averages, Island Park has a median household income of $104,657 (39% above the national median of $75,149). Home values average $529,000, which is 116% above the national median. Monthly rent at $2,092 is 80% above the US average of $1,163. Within New York, Island Park's income is 8% above the state average of $96,987, and home values are 37% above the state median of $387,181.
Why Live in Island Park, NY?
Island Park offers a strong local economy with a median household income of $104,657, well above the national average, and a low poverty rate of 11.8%, better than the national average.
Potential considerations include a competitive housing market where the typical home costs $529,000. However, Island Park’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Island Park has a population of 4,958 with a median age of 42.4 years. Compare Island Park with other cities to see how it stacks up, or explore all cities in New York.
Similar Cities Near Island Park
Cities in New York with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Northwest Harbor | 4,966 | $129,653 | $1,328,200 | Compare |
| West Sayville | 4,944 | $154,531 | $558,400 | Compare |
| Grandyle Village | 5,000 | $91,178 | $185,100 | Compare |
| Clarkson | 5,002 | $74,122 | $191,600 | Compare |
| Ardsley | 5,005 | $250,001 | $792,900 | Compare |
| Hawthorne | 4,881 | $134,797 | $671,300 | Compare |
| Sea Cliff | 5,037 | $185,650 | $926,500 | Compare |
| Hamlin | 5,041 | $69,142 | $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 Island Park With Other Cities
Frequently Asked Questions about Island Park
What is the population of Island Park, NY?
The population of Island Park, NY is 4,958 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 Island Park?
The median household income in Island Park, NY is $104,657 per year, which is 39% above the national median of $75,149.
What is the median home value in Island Park?
The median home value in Island Park, NY is $529,000, which is 116% above the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Island Park?
The median monthly rent in Island Park, NY is $2,092, which is 80% above the national average of $1,163/month.
What is the unemployment rate in Island Park?
The unemployment rate in Island Park, NY is 7.5%, compared to the national average of 3.7%. Job seekers may want to research the dominant industries in the area.
Is Island Park, NY a good place to live?
Island Park offers above-average incomes, a competitive housing market, and growing employment opportunities. With a population of 4,958 and a median age of 42.4, the city appeals to a broad range of residents.
How educated is Island Park, NY?
30.1% of residents in Island Park 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 Island Park?
Key cost-of-living indicators for Island Park, NY: median home value is $529,000 (116% above national), median rent is $2,092/month, and median household income is $104,657. The home-value-to-income ratio is 5.1x, a moderate figure by national standards.
What is the poverty rate in Island Park?
The poverty rate in Island Park, NY is 11.8%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Island Park, NY?
Island Park's population is 2.2% White, 0.0% Hispanic or Latino, 4.3% Black or African American, 17.7% Asian, and 0.6% two or more races. 23.6% of residents are foreign-born.