Locust Valley, NY
Population 3,591 · New York
About Locust Valley, NY
Locust Valley is a small town located in New York with a population of 3,591 residents according to the latest US Census Bureau American Community Survey data. The median household income is $137,344 per year, which is 83% above the national median of $75,149. The median age of 42.6 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 Locust Valley features a median home value of $775,200, which is 217% above the national median of $244,900. This places Locust Valley in a higher-cost housing market, where property demand often outpaces supply. Median monthly rent is $2,274, 96% above the national average of $1,163/month. Of the 1,283 total housing units, 75% are owner-occupied (932 units) and 25% are renter-occupied (309 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Locust Valley shows an unemployment rate of 3.2%, which is lower than the national rate of 3.7%, indicating a relatively strong job market. The poverty rate stands at 4.0%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Locust Valley have an average one-way commute time of 33.2 minutes.
Education & Demographics
54.6% of Locust Valley 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, 0.9% Hispanic or Latino, 0.0% Black or African American, and 11.4% Asian residents, with 10.6% of the population being foreign-born.
Cost of Living in Locust Valley, NY
Compared to national averages, Locust Valley has a median household income of $137,344 (83% above the national median of $75,149). Home values average $775,200, which is 217% above the national median. Monthly rent at $2,274 is 96% above the US average of $1,163. Within New York, Locust Valley's income is 42% above the state average of $96,987, and home values are 100% above the state median of $387,181.
Why Live in Locust Valley, NY?
Locust Valley offers a strong local economy with a median household income of $137,344, well above the national average, and a strong job market with an unemployment rate of just 3.2%, and a well-educated community where 54.6% of residents hold a bachelor’s degree or higher. Additionally, the city features a low poverty rate of 4.0%, better than the national average.
Potential considerations include a competitive housing market where the typical home costs $775,200. However, Locust Valley’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Locust Valley has a population of 3,591 with a median age of 42.6 years. Compare Locust Valley with other cities to see how it stacks up, or explore all cities in New York.
Similar Cities Near Locust Valley
Cities in New York with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Walton Park | 3,592 | $152,578 | $410,600 | Compare |
| Clifton Knolls-Mill Creek | 3,601 | $182,976 | $371,300 | Compare |
| Islandia | 3,581 | $112,435 | $451,700 | Compare |
| Lloyd Harbor | 3,570 | $242,434 | $1,458,800 | Compare |
| SUNY Oswego | 3,565 | $0 | $0 | Compare |
| Gouverneur | 3,623 | $35,464 | $107,500 | Compare |
| Carthage | 3,546 | $58,356 | $126,300 | Compare |
| North Great River | 3,638 | $146,250 | $488,900 | 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 Locust Valley With Other Cities
Frequently Asked Questions about Locust Valley
What is the population of Locust Valley, NY?
The population of Locust Valley, NY is 3,591 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 Locust Valley?
The median household income in Locust Valley, NY is $137,344 per year, which is 83% above the national median of $75,149.
What is the median home value in Locust Valley?
The median home value in Locust Valley, NY is $775,200, which is 217% above the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Locust Valley?
The median monthly rent in Locust Valley, NY is $2,274, which is 96% above the national average of $1,163/month.
What is the unemployment rate in Locust Valley?
The unemployment rate in Locust Valley, NY is 3.2%, compared to the national average of 3.7%. This lower-than-average rate suggests a relatively healthy local job market.
Is Locust Valley, NY a good place to live?
Locust Valley offers above-average incomes, a competitive housing market, and a strong job market. With a population of 3,591 and a median age of 42.6, the city appeals to a broad range of residents.
How educated is Locust Valley, NY?
54.6% of residents in Locust Valley 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 Locust Valley?
Key cost-of-living indicators for Locust Valley, NY: median home value is $775,200 (217% above national), median rent is $2,274/month, and median household income is $137,344. The home-value-to-income ratio is 5.6x, a moderate figure by national standards.
What is the poverty rate in Locust Valley?
The poverty rate in Locust Valley, NY is 4.0%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Locust Valley, NY?
Locust Valley's population is 0.0% White, 0.9% Hispanic or Latino, 0.0% Black or African American, 11.4% Asian, and 0.6% two or more races. 10.6% of residents are foreign-born.