Mill Neck, NY
Population 1,245 · New York
About Mill Neck, NY
Mill Neck is a small town located in New York with a population of 1,245 residents according to the latest US Census Bureau American Community Survey data. The median household income is $225,000 per year, which is 199% above the national median of $75,149. The median age of 46.8 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 Mill Neck features a median home value of $1,402,400, which is 473% above the national median of $244,900. This places Mill Neck in a higher-cost housing market, where property demand often outpaces supply. Median monthly rent is $3,501, 201% above the national average of $1,163/month. Of the 457 total housing units, 88% are owner-occupied (366 units) and 12% are renter-occupied (52 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Mill Neck shows an unemployment rate of 5.8%, which is significantly above the national rate of 3.7%, suggesting economic challenges in the area. The poverty rate stands at 3.9%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Mill Neck have an average one-way commute time of 33.2 minutes.
Education & Demographics
76.2% of Mill Neck 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 9.8% White, 0.0% Hispanic or Latino, 5.0% Black or African American, and 3.8% Asian residents, with 10.0% of the population being foreign-born.
How Mill Neck Ranks in New York
Cost of Living in Mill Neck, NY
Compared to national averages, Mill Neck has a median household income of $225,000 (199% above the national median of $75,149). Home values average $1,402,400, which is 473% above the national median. Monthly rent at $3,501 is 201% above the US average of $1,163. Within New York, Mill Neck's income is 132% above the state average of $96,987, and home values are 262% above the state median of $387,181.
Why Live in Mill Neck, NY?
Mill Neck offers a strong local economy with a median household income of $225,000, well above the national average, and a well-educated community where 76.2% of residents hold a bachelor’s degree or higher, and a low poverty rate of 3.9%, better than the national average.
Potential considerations include a competitive housing market where the typical home costs $1,402,400. However, Mill Neck’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Mill Neck has a population of 1,245 with a median age of 46.8 years. Compare Mill Neck with other cities to see how it stacks up, or explore all cities in New York.
Similar Cities Near Mill Neck
Cities in New York with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Great Neck Gardens | 1,245 | $0 | $1,140,100 | Compare |
| Stottville | 1,247 | $52,031 | $152,700 | Compare |
| Niverville | 1,248 | $105,703 | $276,400 | Compare |
| Hurleyville | 1,249 | $0 | $293,600 | Compare |
| Bard College | 1,237 | $210,483 | $0 | Compare |
| Lincolndale | 1,235 | $200,156 | $513,100 | Compare |
| Oriskany | 1,233 | $66,042 | $168,900 | Compare |
| South Lansing | 1,233 | $162,846 | $361,000 | 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 Mill Neck With Other Cities
Frequently Asked Questions about Mill Neck
What is the population of Mill Neck, NY?
The population of Mill Neck, NY is 1,245 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 Mill Neck?
The median household income in Mill Neck, NY is $225,000 per year, which is 199% above the national median of $75,149.
What is the median home value in Mill Neck?
The median home value in Mill Neck, NY is $1,402,400, which is 473% above the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Mill Neck?
The median monthly rent in Mill Neck, NY is $3,501, which is 201% above the national average of $1,163/month.
What is the unemployment rate in Mill Neck?
The unemployment rate in Mill Neck, NY is 5.8%, compared to the national average of 3.7%. Job seekers may want to research the dominant industries in the area.
Is Mill Neck, NY a good place to live?
Mill Neck offers above-average incomes, a competitive housing market, and growing employment opportunities. With a population of 1,245 and a median age of 46.8, the city appeals to established professionals and retirees.
How educated is Mill Neck, NY?
76.2% of residents in Mill Neck 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 Mill Neck?
Key cost-of-living indicators for Mill Neck, NY: median home value is $1,402,400 (473% above national), median rent is $3,501/month, and median household income is $225,000. The home-value-to-income ratio is 6.2x, which suggests housing may be stretched relative to local earnings.
What is the poverty rate in Mill Neck?
The poverty rate in Mill Neck, NY is 3.9%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Mill Neck, NY?
Mill Neck's population is 9.8% White, 0.0% Hispanic or Latino, 5.0% Black or African American, 3.8% Asian, and 0.0% two or more races. 10.0% of residents are foreign-born.