Millwood, NY
Population 854 · New York
About Millwood, NY
Millwood is a small community in New York with a population of 854 residents. The median household income is $209,063 per year, which is above the national average. The median age in Millwood is 48.1 years.
Housing in Millwood has a median home value of $769,800 and median monthly rent of $3,501. Of the 363 total housing units, the majority are owner-occupied, with 282 owner-occupied and 49 renter-occupied units.
The unemployment rate in Millwood is 0.0% and the poverty rate is 2.6%. 86.8% of residents hold a bachelor's degree or higher. The average commute time is 38.3 minutes.
How Millwood Ranks in New York
Cost of Living in Millwood, NY
Compared to national averages, Millwood has a median household income of $209,063 (178% above the national median of $75,149). Home values average $769,800, which is 214% above the national median. Monthly rent at $3,501 is 201% above the US average of $1,163. Within New York, Millwood's income is 116% above the state average of $96,987, and home values are 99% above the state median of $387,181.
Why Live in Millwood, NY?
Millwood offers a strong local economy with a median household income of $209,063, well above the national average, and a strong job market with an unemployment rate of just 0.0%, and a well-educated community where 86.8% of residents hold a bachelor’s degree or higher. Additionally, the city features a low poverty rate of 2.6%, better than the national average.
Potential considerations include a competitive housing market where the typical home costs $769,800. However, Millwood’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Millwood has a population of 854 with a median age of 48.1 years. Compare Millwood with other cities to see how it stacks up, or explore all cities in New York.
Similar Cities Near Millwood
Cities in New York with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Quiogue | 853 | $78,661 | $1,071,400 | Compare |
| Copake Lake | 860 | $118,632 | $546,100 | Compare |
| Spencer | 848 | $50,682 | $139,200 | Compare |
| Hannawa Falls | 847 | $95,893 | $181,800 | Compare |
| Castile | 844 | $58,625 | $127,400 | Compare |
| Nassau Lake | 841 | $0 | $271,500 | Compare |
| Napanoch | 837 | $82,750 | $172,300 | Compare |
| Hancock | 876 | $50,547 | $145,300 | 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.
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Frequently Asked Questions about Millwood
What is the population of Millwood, NY?
The population of Millwood, NY is 854 according to the latest Census data.
What is the median household income in Millwood?
The median household income in Millwood, NY is $209,063 per year.
What is the median home value in Millwood?
The median home value in Millwood, NY is $769,800.
What is the average rent in Millwood?
The median monthly rent in Millwood, NY is $3,501.
What is the unemployment rate in Millwood?
The unemployment rate in Millwood, NY is 0.0%.