Margaretville, NY
Population 651 · New York
About Margaretville, NY
Margaretville is a small community located in New York with a population of 651 residents according to the latest US Census Bureau American Community Survey data. The median household income is $36,411 per year, which is 52% below the national median of $75,149. The median age of 50.3 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 Margaretville features a median home value of $192,400, which is 21% below the national median of $244,900. This positions Margaretville in a moderately priced market relative to the rest of the country. Median monthly rent is $1,029, 12% below the national average of $1,163/month. Of the 391 total housing units, 54% are owner-occupied (161 units) and 46% are renter-occupied (138 units). The balanced mix of owners and renters indicates a diverse housing market.
Economy & Employment
The local economy in Margaretville shows an unemployment rate of 0.0%, which is lower than the national rate of 3.7%, indicating a relatively strong job market. The poverty rate stands at 20.8%, above the national average of 12.4%. Workers in Margaretville have an average one-way commute time of 16.7 minutes, one of the shorter commutes in the region.
Education & Demographics
11.2% of Margaretville residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. The lower educational attainment rate may reflect the area's industry mix, with more employment in trades, manufacturing, or agricultural sectors. The community's demographic composition includes 0.0% White, 0.0% Hispanic or Latino, 3.5% Black or African American, and 34.4% Asian residents, with 20.3% of the population being foreign-born.
Cost of Living in Margaretville, NY
Compared to national averages, Margaretville has a median household income of $36,411 (52% below the national median of $75,149). Home values average $192,400, which is 21% below the national median. Monthly rent at $1,029 is 12% below the US average of $1,163. Within New York, Margaretville's income is 62% below the state average of $96,987, and home values are 50% below the state median of $387,181.
Why Live in Margaretville, NY?
Margaretville offers affordable housing with a median home value of $192,400, below the US average of $244,900, and rent that’s lower than the national average at $1,029/month, and a strong job market with an unemployment rate of just 0.0%. Additionally, the city features short commute times averaging just 16.7 minutes.
Potential considerations include median household income ($36,411) that falls below the national average. However, Margaretville’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Margaretville has a population of 651 with a median age of 50.3 years. Compare Margaretville with other cities to see how it stacks up, or explore all cities in New York.
Similar Cities Near Margaretville
Cities in New York with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Amagansett | 651 | $172,241 | $1,761,600 | Compare |
| Copenhagen | 652 | $75,833 | $150,000 | Compare |
| Port Gibson | 652 | $0 | $0 | Compare |
| Accord | 654 | $103,136 | $0 | Compare |
| Belfast | 648 | $51,250 | $85,700 | Compare |
| Crystal Beach | 648 | $52,857 | $163,900 | Compare |
| Freedom Plains | 648 | $44,405 | $272,200 | Compare |
| Heuvelton | 654 | $60,500 | $106,100 | 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.
Compare Margaretville With Other Cities
Frequently Asked Questions about Margaretville
What is the population of Margaretville, NY?
The population of Margaretville, NY is 651 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 Margaretville?
The median household income in Margaretville, NY is $36,411 per year, which is 52% below the national median of $75,149.
What is the median home value in Margaretville?
The median home value in Margaretville, NY is $192,400, which is 21% below the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Margaretville?
The median monthly rent in Margaretville, NY is $1,029, which is 12% below the national average of $1,163/month.
What is the unemployment rate in Margaretville?
The unemployment rate in Margaretville, NY is 0.0%, compared to the national average of 3.7%. This lower-than-average rate suggests a relatively healthy local job market.
Is Margaretville, NY a good place to live?
Margaretville offers a moderate cost of living, affordable housing, and a strong job market. With a population of 651 and a median age of 50.3, the city appeals to established professionals and retirees.
How educated is Margaretville, NY?
11.2% of residents in Margaretville 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 Margaretville?
Key cost-of-living indicators for Margaretville, NY: median home value is $192,400 (21% below national), median rent is $1,029/month, and median household income is $36,411. The home-value-to-income ratio is 5.3x, a moderate figure by national standards.
What is the poverty rate in Margaretville?
The poverty rate in Margaretville, NY is 20.8%, 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 Margaretville, NY?
Margaretville's population is 0.0% White, 0.0% Hispanic or Latino, 3.5% Black or African American, 34.4% Asian, and 2.3% two or more races. 20.3% of residents are foreign-born.