Manhasset, NY
Population 7,730 · New York
About Manhasset, NY
Manhasset is a small town located in New York with a population of 7,730 residents according to the latest US Census Bureau American Community Survey data. The median household income is $180,776 per year, which is 141% above the national median of $75,149. The median age of 44.7 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 Manhasset features a median home value of $1,338,700, which is 447% above the national median of $244,900. This places Manhasset in a higher-cost housing market, where property demand often outpaces supply. Median monthly rent is $1,798, 55% above the national average of $1,163/month. Of the 2,796 total housing units, 75% are owner-occupied (1,955 units) and 25% are renter-occupied (643 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Manhasset shows an unemployment rate of 0.6%, which is lower than the national rate of 3.7%, indicating a relatively strong job market. The poverty rate stands at 3.4%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Manhasset have an average one-way commute time of 36.8 minutes, suggesting many residents commute to jobs in a nearby metro area.
Education & Demographics
68.2% of Manhasset 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 0.9% White, 1.0% Hispanic or Latino, 4.7% Black or African American, and 3.8% Asian residents, with 16.9% of the population being foreign-born.
How Manhasset Ranks in New York
Cost of Living in Manhasset, NY
Compared to national averages, Manhasset has a median household income of $180,776 (141% above the national median of $75,149). Home values average $1,338,700, which is 447% above the national median. Monthly rent at $1,798 is 55% above the US average of $1,163. Within New York, Manhasset's income is 86% above the state average of $96,987, and home values are 246% above the state median of $387,181.
Why Live in Manhasset, NY?
Manhasset offers a strong local economy with a median household income of $180,776, well above the national average, and a strong job market with an unemployment rate of just 0.6%, and a well-educated community where 68.2% of residents hold a bachelor’s degree or higher. Additionally, the city features a low poverty rate of 3.4%, better than the national average.
Potential considerations include a competitive housing market where the typical home costs $1,338,700. However, Manhasset’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Manhasset has a population of 7,730 with a median age of 44.7 years. Compare Manhasset with other cities to see how it stacks up, or explore all cities in New York.
Similar Cities Near Manhasset
Cities in New York with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Baldwinsville | 7,732 | $80,104 | $183,600 | Compare |
| Colonie | 7,705 | $100,396 | $270,800 | Compare |
| Geneseo | 7,700 | $44,830 | $207,700 | Compare |
| Ilion | 7,636 | $61,880 | $100,800 | Compare |
| Westmere | 7,616 | $86,398 | $291,200 | Compare |
| Port Jefferson Station | 7,605 | $117,087 | $472,400 | Compare |
| Hewlett | 7,599 | $135,139 | $609,800 | Compare |
| Baywood | 7,577 | $112,546 | $411,900 | 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 Manhasset With Other Cities
Frequently Asked Questions about Manhasset
What is the population of Manhasset, NY?
The population of Manhasset, NY is 7,730 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 Manhasset?
The median household income in Manhasset, NY is $180,776 per year, which is 141% above the national median of $75,149.
What is the median home value in Manhasset?
The median home value in Manhasset, NY is $1,338,700, which is 447% above the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Manhasset?
The median monthly rent in Manhasset, NY is $1,798, which is 55% above the national average of $1,163/month.
What is the unemployment rate in Manhasset?
The unemployment rate in Manhasset, NY is 0.6%, compared to the national average of 3.7%. This lower-than-average rate suggests a relatively healthy local job market.
Is Manhasset, NY a good place to live?
Manhasset offers above-average incomes, a competitive housing market, and a strong job market. With a population of 7,730 and a median age of 44.7, the city appeals to a broad range of residents.
How educated is Manhasset, NY?
68.2% of residents in Manhasset 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 Manhasset?
Key cost-of-living indicators for Manhasset, NY: median home value is $1,338,700 (447% above national), median rent is $1,798/month, and median household income is $180,776. The home-value-to-income ratio is 7.4x, which suggests housing may be stretched relative to local earnings.
What is the poverty rate in Manhasset?
The poverty rate in Manhasset, NY is 3.4%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Manhasset, NY?
Manhasset's population is 0.9% White, 1.0% Hispanic or Latino, 4.7% Black or African American, 3.8% Asian, and 13.6% two or more races. 16.9% of residents are foreign-born.