Lake Success, NY
Population 2,817 · New York
About Lake Success, NY
Lake Success is a small town located in New York with a population of 2,817 residents according to the latest US Census Bureau American Community Survey data. The median household income is $248,750 per year, which is 231% above the national median of $75,149. The median age of 46.4 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 Lake Success features a median home value of $1,484,000, which is 506% above the national median of $244,900. This places Lake Success in a higher-cost housing market, where property demand often outpaces supply. Median monthly rent is $3,380, 191% above the national average of $1,163/month. Of the 806 total housing units, 94% are owner-occupied (705 units) and 6% are renter-occupied (45 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Lake Success shows an unemployment rate of 3.5%, which is lower than the national rate of 3.7%, indicating a relatively strong job market. The poverty rate stands at 1.5%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Lake Success have an average one-way commute time of 33.6 minutes.
Education & Demographics
62.0% of Lake Success 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 0.0% White, 0.0% Hispanic or Latino, 1.2% Black or African American, and 1.9% Asian residents, with 32.7% of the population being foreign-born.
How Lake Success Ranks in New York
Cost of Living in Lake Success, NY
Compared to national averages, Lake Success has a median household income of $248,750 (231% above the national median of $75,149). Home values average $1,484,000, which is 506% above the national median. Monthly rent at $3,380 is 191% above the US average of $1,163. Within New York, Lake Success's income is 156% above the state average of $96,987, and home values are 283% above the state median of $387,181.
Why Live in Lake Success, NY?
Lake Success offers a strong local economy with a median household income of $248,750, well above the national average, and a strong job market with an unemployment rate of just 3.5%, and a well-educated community where 62.0% of residents hold a bachelor’s degree or higher. Additionally, the city features a low poverty rate of 1.5%, better than the national average.
Potential considerations include a competitive housing market where the typical home costs $1,484,000. However, Lake Success’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Lake Success has a population of 2,817 with a median age of 46.4 years. Compare Lake Success with other cities to see how it stacks up, or explore all cities in New York.
Similar Cities Near Lake Success
Cities in New York with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Voorheesville | 2,828 | $106,250 | $299,300 | Compare |
| Dannemora | 2,831 | $70,938 | $127,600 | Compare |
| Munsey Park | 2,794 | $250,001 | $1,955,200 | Compare |
| Harriman | 2,843 | $95,324 | $274,500 | Compare |
| Honeoye Falls | 2,778 | $79,750 | $249,000 | Compare |
| Shrub Oak | 2,770 | $170,225 | $498,800 | Compare |
| Cazenovia | 2,760 | $91,923 | $258,700 | Compare |
| Coxsackie | 2,746 | $69,773 | $251,800 | 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 Lake Success With Other Cities
Frequently Asked Questions about Lake Success
What is the population of Lake Success, NY?
The population of Lake Success, NY is 2,817 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 Success?
The median household income in Lake Success, NY is $248,750 per year, which is 231% above the national median of $75,149.
What is the median home value in Lake Success?
The median home value in Lake Success, NY is $1,484,000, which is 506% above the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Lake Success?
The median monthly rent in Lake Success, NY is $3,380, which is 191% above the national average of $1,163/month.
What is the unemployment rate in Lake Success?
The unemployment rate in Lake Success, NY is 3.5%, compared to the national average of 3.7%. This lower-than-average rate suggests a relatively healthy local job market.
Is Lake Success, NY a good place to live?
Lake Success offers above-average incomes, a competitive housing market, and a strong job market. With a population of 2,817 and a median age of 46.4, the city appeals to established professionals and retirees.
How educated is Lake Success, NY?
62.0% of residents in Lake Success 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 Success?
Key cost-of-living indicators for Lake Success, NY: median home value is $1,484,000 (506% above national), median rent is $3,380/month, and median household income is $248,750. The home-value-to-income ratio is 6.0x, a moderate figure by national standards.
What is the poverty rate in Lake Success?
The poverty rate in Lake Success, NY is 1.5%, 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 Success, NY?
Lake Success's population is 0.0% White, 0.0% Hispanic or Latino, 1.2% Black or African American, 1.9% Asian, and 1.5% two or more races. 32.7% of residents are foreign-born.