McGraw, NY
Population 1,071 · New York
About McGraw, NY
McGraw is a small town located in New York with a population of 1,071 residents according to the latest US Census Bureau American Community Survey data. The median household income is $58,542 per year, which is 22% below the national median of $75,149. The median age of 34.9 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 McGraw features a median home value of $106,400, which is 57% below the national median of $244,900. This makes McGraw one of the more affordable markets in the country, potentially attractive for first-time homebuyers. Median monthly rent is $791, 32% below the national average of $1,163/month. Of the 419 total housing units, 66% are owner-occupied (268 units) and 34% are renter-occupied (141 units). The balanced mix of owners and renters indicates a diverse housing market.
Economy & Employment
The local economy in McGraw shows an unemployment rate of 8.5%, which is significantly above the national rate of 3.7%, suggesting economic challenges in the area. The poverty rate stands at 7.8%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in McGraw have an average one-way commute time of 17 minutes, one of the shorter commutes in the region.
Education & Demographics
14.0% of McGraw 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, 0.7% Hispanic or Latino, 3.0% Black or African American, and 0.9% Asian residents, with 0.7% of the population being foreign-born.
Cost of Living in McGraw, NY
Compared to national averages, McGraw has a median household income of $58,542 (22% below the national median of $75,149). Home values average $106,400, which is 57% below the national median. Monthly rent at $791 is 32% below the US average of $1,163. Within New York, McGraw's income is 40% below the state average of $96,987, and home values are 73% below the state median of $387,181.
Why Live in McGraw, NY?
McGraw offers affordable housing with a median home value of $106,400, below the US average of $244,900, and rent that’s lower than the national average at $791/month, and a low poverty rate of 7.8%, better than the national average. Additionally, the city features short commute times averaging just 17 minutes.
Potential considerations include median household income ($58,542) that falls below the national average. However, McGraw’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
McGraw has a population of 1,071 with a median age of 34.9 years. Compare McGraw with other cities to see how it stacks up, or explore all cities in New York.
Similar Cities Near McGraw
Cities in New York with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Whitney Point | 1,070 | $44,526 | $140,200 | Compare |
| Hillside Lake | 1,073 | $98,438 | $305,800 | Compare |
| Dover Plains | 1,077 | $62,813 | $264,000 | Compare |
| New Hackensack | 1,077 | $134,063 | $379,400 | Compare |
| Schoharie | 1,078 | $53,008 | $187,500 | Compare |
| Bainbridge | 1,059 | $49,875 | $116,000 | Compare |
| Bellerose | 1,085 | $229,107 | $862,600 | Compare |
| Afton | 1,086 | $37,885 | $112,500 | 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 McGraw With Other Cities
Frequently Asked Questions about McGraw
What is the population of McGraw, NY?
The population of McGraw, NY is 1,071 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 McGraw?
The median household income in McGraw, NY is $58,542 per year, which is 22% below the national median of $75,149.
What is the median home value in McGraw?
The median home value in McGraw, NY is $106,400, which is 57% below the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in McGraw?
The median monthly rent in McGraw, NY is $791, which is 32% below the national average of $1,163/month.
What is the unemployment rate in McGraw?
The unemployment rate in McGraw, NY is 8.5%, compared to the national average of 3.7%. Job seekers may want to research the dominant industries in the area.
Is McGraw, NY a good place to live?
McGraw offers a moderate cost of living, affordable housing, and growing employment opportunities. With a population of 1,071 and a median age of 34.9, the city appeals to young professionals and families.
How educated is McGraw, NY?
14.0% of residents in McGraw 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 McGraw?
Key cost-of-living indicators for McGraw, NY: median home value is $106,400 (57% below national), median rent is $791/month, and median household income is $58,542. The home-value-to-income ratio is 1.8x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in McGraw?
The poverty rate in McGraw, NY is 7.8%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is McGraw, NY?
McGraw's population is 0.0% White, 0.7% Hispanic or Latino, 3.0% Black or African American, 0.9% Asian, and 0.0% two or more races. 0.7% of residents are foreign-born.