Laurel, NY
Population 1,340 · New York
About Laurel, NY
Laurel is a small town located in New York with a population of 1,340 residents according to the latest US Census Bureau American Community Survey data. The median household income is $126,776 per year, which is 69% above the national median of $75,149. The median age of 51.5 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 Laurel features a median home value of $818,600, which is 234% above the national median of $244,900. This places Laurel in a higher-cost housing market, where property demand often outpaces supply. Median monthly rent is $0, 100% below the national average of $1,163/month. Of the 836 total housing units, 82% are owner-occupied (427 units) and 18% are renter-occupied (91 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Laurel shows an unemployment rate of 9.1%, which is significantly above the national rate of 3.7%, suggesting economic challenges in the area. The poverty rate stands at 17.6%, above the national average of 12.4%. Workers in Laurel have an average one-way commute time of 26.4 minutes.
Education & Demographics
55.8% of Laurel 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, 0.0% Black or African American, and 10.1% Asian residents, with 29.3% of the population being foreign-born.
Cost of Living in Laurel, NY
Compared to national averages, Laurel has a median household income of $126,776 (69% above the national median of $75,149). Home values average $818,600, which is 234% above the national median. Monthly rent at $0 is 100% below the US average of $1,163. Within New York, Laurel's income is 31% above the state average of $96,987, and home values are 111% above the state median of $387,181.
Why Live in Laurel, NY?
Laurel offers a strong local economy with a median household income of $126,776, well above the national average, and rent that’s lower than the national average at $0/month, and a well-educated community where 55.8% of residents hold a bachelor’s degree or higher.
Potential considerations include a competitive housing market where the typical home costs $818,600. However, Laurel’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Laurel has a population of 1,340 with a median age of 51.5 years. Compare Laurel with other cities to see how it stacks up, or explore all cities in New York.
Similar Cities Near Laurel
Cities in New York with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Niagara University | 1,341 | $0 | $0 | Compare |
| Baxter Estates | 1,342 | $175,125 | $1,104,600 | Compare |
| Deposit | 1,345 | $46,023 | $112,500 | Compare |
| Camillus | 1,333 | $50,333 | $141,400 | Compare |
| Sackets Harbor | 1,348 | $80,263 | $224,600 | Compare |
| Atlantic Beach | 1,327 | $161,344 | $969,400 | Compare |
| Brewster Heights | 1,356 | $141,563 | $354,500 | Compare |
| Bridgehampton | 1,322 | $168,167 | $1,974,400 | 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 Laurel With Other Cities
Frequently Asked Questions about Laurel
What is the population of Laurel, NY?
The population of Laurel, NY is 1,340 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 Laurel?
The median household income in Laurel, NY is $126,776 per year, which is 69% above the national median of $75,149.
What is the median home value in Laurel?
The median home value in Laurel, NY is $818,600, which is 234% above the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Laurel?
The median monthly rent in Laurel, NY is $0, which is 100% below the national average of $1,163/month.
What is the unemployment rate in Laurel?
The unemployment rate in Laurel, NY is 9.1%, compared to the national average of 3.7%. Job seekers may want to research the dominant industries in the area.
Is Laurel, NY a good place to live?
Laurel offers above-average incomes, a competitive housing market, and growing employment opportunities. With a population of 1,340 and a median age of 51.5, the city appeals to established professionals and retirees.
How educated is Laurel, NY?
55.8% of residents in Laurel 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 Laurel?
Key cost-of-living indicators for Laurel, NY: median home value is $818,600 (234% above national), median rent is $0/month, and median household income is $126,776. The home-value-to-income ratio is 6.5x, which suggests housing may be stretched relative to local earnings.
What is the poverty rate in Laurel?
The poverty rate in Laurel, NY is 17.6%, compared to the national average of 12.4%. Residents and prospective movers should be aware of the economic challenges facing parts of this community.
How diverse is Laurel, NY?
Laurel's population is 0.0% White, 0.0% Hispanic or Latino, 0.0% Black or African American, 10.1% Asian, and 0.8% two or more races. 29.3% of residents are foreign-born.