Munsey Park, NY
Population 2,794 · New York
About Munsey Park, NY
Munsey Park is a small town located in New York with a population of 2,794 residents according to the latest US Census Bureau American Community Survey data. The median household income is $250,001 per year, which is 233% above the national median of $75,149. The median age of 40.5 years is close to the US median age of 38.9 years.
Housing Market Overview
The housing market in Munsey Park features a median home value of $1,955,200, which is 698% above the national median of $244,900. This places Munsey Park in a higher-cost housing market, where property demand often outpaces supply. Median monthly rent is $0, 100% below the national average of $1,163/month. Of the 867 total housing units, 99% are owner-occupied (813 units) and 1% are renter-occupied (11 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Munsey Park shows an unemployment rate of 6.4%, which is significantly above the national rate of 3.7%, suggesting economic challenges in the area. The poverty rate stands at 6.3%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Munsey Park have an average one-way commute time of 43.9 minutes, suggesting many residents commute to jobs in a nearby metro area.
Education & Demographics
90.0% of Munsey Park 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 0.0% White, 0.3% Hispanic or Latino, 1.3% Black or African American, and 5.5% Asian residents, with 15.8% of the population being foreign-born.
How Munsey Park Ranks in New York
Cost of Living in Munsey Park, NY
Compared to national averages, Munsey Park has a median household income of $250,001 (233% above the national median of $75,149). Home values average $1,955,200, which is 698% above the national median. Monthly rent at $0 is 100% below the US average of $1,163. Within New York, Munsey Park's income is 158% above the state average of $96,987, and home values are 405% above the state median of $387,181.
Why Live in Munsey Park, NY?
Munsey Park offers a strong local economy with a median household income of $250,001, well above the national average, and rent that’s lower than the national average at $0/month, and a well-educated community where 90.0% of residents hold a bachelor’s degree or higher. Additionally, the city features a low poverty rate of 6.3%, better than the national average.
Potential considerations include a competitive housing market where the typical home costs $1,955,200. However, Munsey Park’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Munsey Park has a population of 2,794 with a median age of 40.5 years. Compare Munsey Park with other cities to see how it stacks up, or explore all cities in New York.
Similar Cities Near Munsey Park
Cities in New York with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Honeoye Falls | 2,778 | $79,750 | $249,000 | Compare |
| Lake Success | 2,817 | $248,750 | $1,484,000 | Compare |
| Shrub Oak | 2,770 | $170,225 | $498,800 | Compare |
| Cazenovia | 2,760 | $91,923 | $258,700 | Compare |
| Voorheesville | 2,828 | $106,250 | $299,300 | Compare |
| Dannemora | 2,831 | $70,938 | $127,600 | Compare |
| Coxsackie | 2,746 | $69,773 | $251,800 | Compare |
| Harriman | 2,843 | $95,324 | $274,500 | 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 Munsey Park With Other Cities
Frequently Asked Questions about Munsey Park
What is the population of Munsey Park, NY?
The population of Munsey Park, NY is 2,794 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 Munsey Park?
The median household income in Munsey Park, NY is $250,001 per year, which is 233% above the national median of $75,149.
What is the median home value in Munsey Park?
The median home value in Munsey Park, NY is $1,955,200, which is 698% above the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Munsey Park?
The median monthly rent in Munsey Park, NY is $0, which is 100% below the national average of $1,163/month.
What is the unemployment rate in Munsey Park?
The unemployment rate in Munsey Park, NY is 6.4%, compared to the national average of 3.7%. Job seekers may want to research the dominant industries in the area.
Is Munsey Park, NY a good place to live?
Munsey Park offers above-average incomes, a competitive housing market, and growing employment opportunities. With a population of 2,794 and a median age of 40.5, the city appeals to a broad range of residents.
How educated is Munsey Park, NY?
90.0% of residents in Munsey Park 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 Munsey Park?
Key cost-of-living indicators for Munsey Park, NY: median home value is $1,955,200 (698% above national), median rent is $0/month, and median household income is $250,001. The home-value-to-income ratio is 7.8x, which suggests housing may be stretched relative to local earnings.
What is the poverty rate in Munsey Park?
The poverty rate in Munsey Park, NY is 6.3%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Munsey Park, NY?
Munsey Park's population is 0.0% White, 0.3% Hispanic or Latino, 1.3% Black or African American, 5.5% Asian, and 2.9% two or more races. 15.8% of residents are foreign-born.