Nichols, NY
Population 612 · New York
About Nichols, NY
Nichols is a small community located in New York with a population of 612 residents according to the latest US Census Bureau American Community Survey data. The median household income is $66,250 per year, which is 12% below the national median of $75,149. The median age of 42.9 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 Nichols features a median home value of $137,900, which is 44% below the national median of $244,900. This makes Nichols one of the more affordable markets in the country, potentially attractive for first-time homebuyers. Median monthly rent is $825, 29% below the national average of $1,163/month. Of the 242 total housing units, 77% are owner-occupied (176 units) and 23% are renter-occupied (53 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Nichols shows an unemployment rate of 0.4%, which is lower than the national rate of 3.7%, indicating a relatively strong job market. The poverty rate stands at 1.3%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Nichols have an average one-way commute time of 18.8 minutes, one of the shorter commutes in the region.
Education & Demographics
14.9% of Nichols 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, 0.0% Black or African American, and 0.0% Asian residents, with 1.1% of the population being foreign-born.
How Nichols Ranks in New York
Cost of Living in Nichols, NY
Compared to national averages, Nichols has a median household income of $66,250 (12% below the national median of $75,149). Home values average $137,900, which is 44% below the national median. Monthly rent at $825 is 29% below the US average of $1,163. Within New York, Nichols's income is 32% below the state average of $96,987, and home values are 64% below the state median of $387,181.
Why Live in Nichols, NY?
Nichols offers affordable housing with a median home value of $137,900, below the US average of $244,900, and rent that’s lower than the national average at $825/month, and a strong job market with an unemployment rate of just 0.4%. Additionally, the city features a low poverty rate of 1.3%, better than the national average, and short commute times averaging just 18.8 minutes.
Potential considerations include median household income ($66,250) that falls below the national average. However, Nichols’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Nichols has a population of 612 with a median age of 42.9 years. Compare Nichols with other cities to see how it stacks up, or explore all cities in New York.
Similar Cities Near Nichols
Cities in New York with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Prattsburgh | 612 | $53,125 | $90,800 | Compare |
| Sinclairville | 613 | $43,409 | $89,600 | Compare |
| Angelica | 610 | $52,917 | $74,800 | Compare |
| Scotts Corners | 610 | $250,001 | $987,800 | Compare |
| Gardiner | 616 | $109,583 | $356,300 | Compare |
| Hailesboro | 608 | $50,156 | $154,200 | Compare |
| Oriskany Falls | 616 | $45,536 | $93,900 | Compare |
| Stannards | 606 | $74,479 | $114,800 | 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 Nichols With Other Cities
Frequently Asked Questions about Nichols
What is the population of Nichols, NY?
The population of Nichols, NY is 612 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 Nichols?
The median household income in Nichols, NY is $66,250 per year, which is 12% below the national median of $75,149.
What is the median home value in Nichols?
The median home value in Nichols, NY is $137,900, which is 44% below the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Nichols?
The median monthly rent in Nichols, NY is $825, which is 29% below the national average of $1,163/month.
What is the unemployment rate in Nichols?
The unemployment rate in Nichols, NY is 0.4%, compared to the national average of 3.7%. This lower-than-average rate suggests a relatively healthy local job market.
Is Nichols, NY a good place to live?
Nichols offers a moderate cost of living, affordable housing, and a strong job market. With a population of 612 and a median age of 42.9, the city appeals to a broad range of residents.
How educated is Nichols, NY?
14.9% of residents in Nichols 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 Nichols?
Key cost-of-living indicators for Nichols, NY: median home value is $137,900 (44% below national), median rent is $825/month, and median household income is $66,250. The home-value-to-income ratio is 2.1x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Nichols?
The poverty rate in Nichols, NY is 1.3%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Nichols, NY?
Nichols's population is 0.0% White, 0.0% Hispanic or Latino, 0.0% Black or African American, 0.0% Asian, and 0.0% two or more races. 1.1% of residents are foreign-born.