Locust Valley, NY
Population 3,591 · New York
About Locust Valley, NY
Locust Valley is a small community in New York with a population of 3,591 residents. The median household income is $137,344 per year, which is above the national average. The median age in Locust Valley is 42.6 years.
Housing in Locust Valley has a median home value of $775,200 and median monthly rent of $2,274. Of the 1,283 total housing units, the majority are owner-occupied, with 932 owner-occupied and 309 renter-occupied units.
The unemployment rate in Locust Valley is 3.2% and the poverty rate is 4.0%. 54.6% of residents hold a bachelor's degree or higher. The average commute time is 33.2 minutes.
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 Census data.
What is the median household income in Locust Valley?
The median household income in Locust Valley, NY is $137,344 per year.
What is the median home value in Locust Valley?
The median home value in Locust Valley, NY is $775,200.
What is the average rent in Locust Valley?
The median monthly rent in Locust Valley, NY is $2,274.
What is the unemployment rate in Locust Valley?
The unemployment rate in Locust Valley, NY is 3.2%.