Leicester, NY
Population 593 · New York
About Leicester, NY
Leicester is a small community located in New York with a population of 593 residents according to the latest US Census Bureau American Community Survey data. The median household income is $78,333 per year, which is 4% above the national median of $75,149. The median age of 35.2 years is notably younger the US median age of 38.9 years, indicating a younger, often more dynamic population base.
Housing Market Overview
The housing market in Leicester features a median home value of $133,900, which is 45% below the national median of $244,900. This makes Leicester one of the more affordable markets in the country, potentially attractive for first-time homebuyers. Median monthly rent is $1,040, 11% below the national average of $1,163/month. Of the 220 total housing units, 78% are owner-occupied (164 units) and 22% are renter-occupied (46 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Leicester shows an unemployment rate of 1.8%, which is lower than the national rate of 3.7%, indicating a relatively strong job market. The poverty rate stands at 20.0%, above the national average of 12.4%. Workers in Leicester have an average one-way commute time of 21.5 minutes.
Education & Demographics
26.0% of Leicester 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 4.4% White, 1.3% Hispanic or Latino, 1.0% Black or African American, and 0.7% Asian residents, with 1.3% of the population being foreign-born.
Cost of Living in Leicester, NY
Compared to national averages, Leicester has a median household income of $78,333 (4% above the national median of $75,149). Home values average $133,900, which is 45% below the national median. Monthly rent at $1,040 is 11% below the US average of $1,163. Within New York, Leicester's income is 19% below the state average of $96,987, and home values are 65% below the state median of $387,181.
Why Live in Leicester, NY?
Leicester offers a strong local economy with a median household income of $78,333, well above the national average, and affordable housing with a median home value of $133,900, below the US average of $244,900, and rent that’s lower than the national average at $1,040/month. Additionally, the city features a strong job market with an unemployment rate of just 1.8%, and short commute times averaging just 21.5 minutes.
Leicester has a population of 593 with a median age of 35.2 years. Compare Leicester with other cities to see how it stacks up, or explore all cities in New York.
Similar Cities Near Leicester
Cities in New York with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Edmeston | 592 | $54,167 | $136,400 | Compare |
| Paul Smiths | 594 | $0 | $0 | Compare |
| Schaghticoke | 591 | $60,417 | $189,500 | Compare |
| Wells | 597 | $78,047 | $252,900 | Compare |
| Wainscott | 587 | $135,625 | $2,000,001 | Compare |
| Rushville | 600 | $41,131 | $137,000 | Compare |
| Sandy Creek | 586 | $67,292 | $101,900 | Compare |
| Campbell | 601 | $46,786 | $89,100 | 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.
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Frequently Asked Questions about Leicester
What is the population of Leicester, NY?
The population of Leicester, NY is 593 according to the latest US Census Bureau American Community Survey estimates. This makes it a small community in New York.
What is the median household income in Leicester?
The median household income in Leicester, NY is $78,333 per year, which is 4% above the national median of $75,149.
What is the median home value in Leicester?
The median home value in Leicester, NY is $133,900, which is 45% below the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Leicester?
The median monthly rent in Leicester, NY is $1,040, which is 11% below the national average of $1,163/month.
What is the unemployment rate in Leicester?
The unemployment rate in Leicester, NY is 1.8%, compared to the national average of 3.7%. This lower-than-average rate suggests a relatively healthy local job market.
Is Leicester, NY a good place to live?
Leicester offers above-average incomes, affordable housing, and a strong job market. With a population of 593 and a median age of 35.2, the city appeals to a broad range of residents.
How educated is Leicester, NY?
26.0% of residents in Leicester 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 Leicester?
Key cost-of-living indicators for Leicester, NY: median home value is $133,900 (45% below national), median rent is $1,040/month, and median household income is $78,333. The home-value-to-income ratio is 1.7x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Leicester?
The poverty rate in Leicester, NY is 20.0%, 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 Leicester, NY?
Leicester's population is 4.4% White, 1.3% Hispanic or Latino, 1.0% Black or African American, 0.7% Asian, and 0.3% two or more races. 1.3% of residents are foreign-born.