Islip Terrace, NY
Population 5,223 · New York
About Islip Terrace, NY
Islip Terrace is a small town located in New York with a population of 5,223 residents according to the latest US Census Bureau American Community Survey data. The median household income is $155,741 per year, which is 107% above the national median of $75,149. The median age of 41.9 years is close to the US median age of 38.9 years.
Housing Market Overview
The housing market in Islip Terrace features a median home value of $479,800, which is 96% above the national median of $244,900. This places Islip Terrace in a higher-cost housing market, where property demand often outpaces supply. Median monthly rent is $2,712, 133% above the national average of $1,163/month. Of the 1,821 total housing units, 91% are owner-occupied (1,579 units) and 9% are renter-occupied (157 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Islip Terrace shows an unemployment rate of 0.3%, which is lower than the national rate of 3.7%, indicating a relatively strong job market. The poverty rate stands at 3.4%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Islip Terrace have an average one-way commute time of 30.3 minutes.
Education & Demographics
33.7% of Islip Terrace 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 3.2% White, 0.0% Hispanic or Latino, 4.6% Black or African American, and 8.1% Asian residents, with 10.6% of the population being foreign-born.
How Islip Terrace Ranks in New York
Cost of Living in Islip Terrace, NY
Compared to national averages, Islip Terrace has a median household income of $155,741 (107% above the national median of $75,149). Home values average $479,800, which is 96% above the national median. Monthly rent at $2,712 is 133% above the US average of $1,163. Within New York, Islip Terrace's income is 61% above the state average of $96,987, and home values are 24% above the state median of $387,181.
Why Live in Islip Terrace, NY?
Islip Terrace offers a strong local economy with a median household income of $155,741, well above the national average, and a strong job market with an unemployment rate of just 0.3%, and a low poverty rate of 3.4%, better than the national average.
Potential considerations include a competitive housing market where the typical home costs $479,800. However, Islip Terrace’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Islip Terrace has a population of 5,223 with a median age of 41.9 years. Compare Islip Terrace with other cities to see how it stacks up, or explore all cities in New York.
Similar Cities Near Islip Terrace
Cities in New York with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Elmsford | 5,183 | $116,779 | $568,000 | Compare |
| Wheatley Heights | 5,266 | $127,589 | $500,900 | Compare |
| Firthcliffe | 5,268 | $98,801 | $345,700 | Compare |
| Westvale | 5,293 | $101,326 | $189,100 | Compare |
| Mechanicville | 5,143 | $47,331 | $185,900 | Compare |
| West Hills | 5,138 | $183,375 | $737,800 | Compare |
| Saranac Lake | 5,099 | $60,494 | $188,900 | Compare |
| Carle Place | 5,094 | $130,063 | $743,800 | 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 Islip Terrace With Other Cities
Frequently Asked Questions about Islip Terrace
What is the population of Islip Terrace, NY?
The population of Islip Terrace, NY is 5,223 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 Islip Terrace?
The median household income in Islip Terrace, NY is $155,741 per year, which is 107% above the national median of $75,149.
What is the median home value in Islip Terrace?
The median home value in Islip Terrace, NY is $479,800, which is 96% above the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Islip Terrace?
The median monthly rent in Islip Terrace, NY is $2,712, which is 133% above the national average of $1,163/month.
What is the unemployment rate in Islip Terrace?
The unemployment rate in Islip Terrace, NY is 0.3%, compared to the national average of 3.7%. This lower-than-average rate suggests a relatively healthy local job market.
Is Islip Terrace, NY a good place to live?
Islip Terrace offers above-average incomes, a competitive housing market, and a strong job market. With a population of 5,223 and a median age of 41.9, the city appeals to a broad range of residents.
How educated is Islip Terrace, NY?
33.7% of residents in Islip Terrace 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 Islip Terrace?
Key cost-of-living indicators for Islip Terrace, NY: median home value is $479,800 (96% above national), median rent is $2,712/month, and median household income is $155,741. The home-value-to-income ratio is 3.1x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Islip Terrace?
The poverty rate in Islip Terrace, NY is 3.4%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Islip Terrace, NY?
Islip Terrace's population is 3.2% White, 0.0% Hispanic or Latino, 4.6% Black or African American, 8.1% Asian, and 0.3% two or more races. 10.6% of residents are foreign-born.