Lake Mohegan, NY
Population 5,566 · New York
About Lake Mohegan, NY
Lake Mohegan is a small town located in New York with a population of 5,566 residents according to the latest US Census Bureau American Community Survey data. The median household income is $160,741 per year, which is 114% above the national median of $75,149. The median age of 41.8 years is close to the US median age of 38.9 years.
Housing Market Overview
The housing market in Lake Mohegan features a median home value of $483,700, which is 98% above the national median of $244,900. This places Lake Mohegan in a higher-cost housing market, where property demand often outpaces supply. Median monthly rent is $2,685, 131% above the national average of $1,163/month. Of the 2,235 total housing units, 78% are owner-occupied (1,664 units) and 22% are renter-occupied (478 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Lake Mohegan shows an unemployment rate of 3.8%, which is near the national rate of 3.7%. The poverty rate stands at 5.6%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Lake Mohegan have an average one-way commute time of 37.5 minutes, suggesting many residents commute to jobs in a nearby metro area.
Education & Demographics
58.4% of Lake Mohegan residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. This significantly higher educational attainment rate often correlates with access to knowledge-economy jobs and higher household incomes. The community's demographic composition includes 1.0% White, 3.5% Hispanic or Latino, 9.0% Black or African American, and 11.6% Asian residents, with 13.1% of the population being foreign-born.
Cost of Living in Lake Mohegan, NY
Compared to national averages, Lake Mohegan has a median household income of $160,741 (114% above the national median of $75,149). Home values average $483,700, which is 98% above the national median. Monthly rent at $2,685 is 131% above the US average of $1,163. Within New York, Lake Mohegan's income is 66% above the state average of $96,987, and home values are 25% above the state median of $387,181.
Why Live in Lake Mohegan, NY?
Lake Mohegan offers a strong local economy with a median household income of $160,741, well above the national average, and a well-educated community where 58.4% of residents hold a bachelor’s degree or higher, and a low poverty rate of 5.6%, better than the national average.
Potential considerations include a competitive housing market where the typical home costs $483,700. However, Lake Mohegan’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Lake Mohegan has a population of 5,566 with a median age of 41.8 years. Compare Lake Mohegan with other cities to see how it stacks up, or explore all cities in New York.
Similar Cities Near Lake Mohegan
Cities in New York with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Kaser | 5,568 | $28,295 | $831,000 | Compare |
| Country Knolls | 5,587 | $131,813 | $359,700 | Compare |
| Bath | 5,595 | $45,514 | $104,300 | Compare |
| Kings Point | 5,614 | $185,811 | $1,917,200 | Compare |
| Calverton | 5,629 | $56,375 | $229,400 | Compare |
| Albion | 5,495 | $45,474 | $81,300 | Compare |
| Blauvelt | 5,485 | $172,083 | $629,000 | Compare |
| Pelham Manor | 5,648 | $250,001 | $1,075,300 | 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 Lake Mohegan With Other Cities
Frequently Asked Questions about Lake Mohegan
What is the population of Lake Mohegan, NY?
The population of Lake Mohegan, NY is 5,566 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 Lake Mohegan?
The median household income in Lake Mohegan, NY is $160,741 per year, which is 114% above the national median of $75,149.
What is the median home value in Lake Mohegan?
The median home value in Lake Mohegan, NY is $483,700, which is 98% above the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Lake Mohegan?
The median monthly rent in Lake Mohegan, NY is $2,685, which is 131% above the national average of $1,163/month.
What is the unemployment rate in Lake Mohegan?
The unemployment rate in Lake Mohegan, NY is 3.8%, compared to the national average of 3.7%. Job seekers may want to research the dominant industries in the area.
Is Lake Mohegan, NY a good place to live?
Lake Mohegan offers above-average incomes, a competitive housing market, and growing employment opportunities. With a population of 5,566 and a median age of 41.8, the city appeals to a broad range of residents.
How educated is Lake Mohegan, NY?
58.4% of residents in Lake Mohegan aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. This above-average educational attainment often reflects a knowledge-based local economy.
What is the cost of living in Lake Mohegan?
Key cost-of-living indicators for Lake Mohegan, NY: median home value is $483,700 (98% above national), median rent is $2,685/month, and median household income is $160,741. The home-value-to-income ratio is 3.0x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Lake Mohegan?
The poverty rate in Lake Mohegan, NY is 5.6%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Lake Mohegan, NY?
Lake Mohegan's population is 1.0% White, 3.5% Hispanic or Latino, 9.0% Black or African American, 11.6% Asian, and 6.6% two or more races. 13.1% of residents are foreign-born.