Larchmont, NY
Population 6,542 · New York
About Larchmont, NY
Larchmont is a small town located in New York with a population of 6,542 residents according to the latest US Census Bureau American Community Survey data. The median household income is $160,526 per year, which is 114% above the national median of $75,149. The median age of 38.8 years is close to the US median age of 38.9 years.
Housing Market Overview
The housing market in Larchmont features a median home value of $1,384,700, which is 465% above the national median of $244,900. This places Larchmont in a higher-cost housing market, where property demand often outpaces supply. Median monthly rent is $1,990, 71% above the national average of $1,163/month. Of the 2,657 total housing units, 70% are owner-occupied (1,777 units) and 30% are renter-occupied (775 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Larchmont shows an unemployment rate of 10.8%, which is significantly above the national rate of 3.7%, suggesting economic challenges in the area. The poverty rate stands at 2.0%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Larchmont have an average one-way commute time of 43.5 minutes, suggesting many residents commute to jobs in a nearby metro area.
Education & Demographics
83.3% of Larchmont 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 0.8% White, 0.0% Hispanic or Latino, 4.8% Black or African American, and 3.2% Asian residents, with 14.9% of the population being foreign-born.
How Larchmont Ranks in New York
Cost of Living in Larchmont, NY
Compared to national averages, Larchmont has a median household income of $160,526 (114% above the national median of $75,149). Home values average $1,384,700, which is 465% above the national median. Monthly rent at $1,990 is 71% above the US average of $1,163. Within New York, Larchmont's income is 66% above the state average of $96,987, and home values are 258% above the state median of $387,181.
Why Live in Larchmont, NY?
Larchmont offers a strong local economy with a median household income of $160,526, well above the national average, and a well-educated community where 83.3% of residents hold a bachelor’s degree or higher, and a low poverty rate of 2.0%, better than the national average.
Potential considerations include a competitive housing market where the typical home costs $1,384,700. However, Larchmont’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Larchmont has a population of 6,542 with a median age of 38.8 years. Compare Larchmont with other cities to see how it stacks up, or explore all cities in New York.
Similar Cities Near Larchmont
Cities in New York with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Irvington | 6,541 | $169,411 | $889,800 | Compare |
| Bronxville | 6,539 | $215,726 | $1,137,700 | Compare |
| West Point | 6,549 | $139,700 | $0 | Compare |
| East Greenbush | 6,562 | $115,189 | $288,400 | Compare |
| North Sea | 6,517 | $155,139 | $1,071,800 | Compare |
| Gananda | 6,501 | $109,194 | $222,800 | Compare |
| Horseheads | 6,494 | $59,267 | $133,400 | Compare |
| Solvay | 6,590 | $58,944 | $140,600 | 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 Larchmont With Other Cities
Frequently Asked Questions about Larchmont
What is the population of Larchmont, NY?
The population of Larchmont, NY is 6,542 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 Larchmont?
The median household income in Larchmont, NY is $160,526 per year, which is 114% above the national median of $75,149.
What is the median home value in Larchmont?
The median home value in Larchmont, NY is $1,384,700, which is 465% above the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Larchmont?
The median monthly rent in Larchmont, NY is $1,990, which is 71% above the national average of $1,163/month.
What is the unemployment rate in Larchmont?
The unemployment rate in Larchmont, NY is 10.8%, compared to the national average of 3.7%. Job seekers may want to research the dominant industries in the area.
Is Larchmont, NY a good place to live?
Larchmont offers above-average incomes, a competitive housing market, and growing employment opportunities. With a population of 6,542 and a median age of 38.8, the city appeals to a broad range of residents.
How educated is Larchmont, NY?
83.3% of residents in Larchmont 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 Larchmont?
Key cost-of-living indicators for Larchmont, NY: median home value is $1,384,700 (465% above national), median rent is $1,990/month, and median household income is $160,526. The home-value-to-income ratio is 8.6x, which suggests housing may be stretched relative to local earnings.
What is the poverty rate in Larchmont?
The poverty rate in Larchmont, NY is 2.0%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Larchmont, NY?
Larchmont's population is 0.8% White, 0.0% Hispanic or Latino, 4.8% Black or African American, 3.2% Asian, and 2.3% two or more races. 14.9% of residents are foreign-born.