Old Westbury, NY
Population 4,320 · New York
About Old Westbury, NY
Old Westbury is a small town located in New York with a population of 4,320 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 28.7 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 Old Westbury features a median home value of $2,000,001, which is 717% above the national median of $244,900. This places Old Westbury 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 1,132 total housing units, 93% are owner-occupied (982 units) and 7% are renter-occupied (71 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Old Westbury shows an unemployment rate of 6.2%, which is significantly above the national rate of 3.7%, suggesting economic challenges in the area. The poverty rate stands at 5.0%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Old Westbury have an average one-way commute time of 32.9 minutes.
Education & Demographics
75.0% of Old Westbury 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 2.0% White, 1.3% Hispanic or Latino, 1.4% Black or African American, and 3.7% Asian residents, with 22.0% of the population being foreign-born.
How Old Westbury Ranks in New York
Cost of Living in Old Westbury, NY
Compared to national averages, Old Westbury has a median household income of $250,001 (233% above the national median of $75,149). Home values average $2,000,001, which is 717% above the national median. Monthly rent at $3,501 is 201% above the US average of $1,163. Within New York, Old Westbury's income is 158% above the state average of $96,987, and home values are 417% above the state median of $387,181.
Why Live in Old Westbury, NY?
Old Westbury offers a strong local economy with a median household income of $250,001, well above the national average, and a well-educated community where 75.0% of residents hold a bachelor’s degree or higher, and a low poverty rate of 5.0%, better than the national average.
Potential considerations include a competitive housing market where the typical home costs $2,000,001. However, Old Westbury’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Old Westbury has a population of 4,320 with a median age of 28.7 years. Compare Old Westbury with other cities to see how it stacks up, or explore all cities in New York.
Similar Cities Near Old Westbury
Cities in New York with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Le Roy | 4,310 | $64,338 | $143,400 | Compare |
| Waverly | 4,337 | $51,327 | $132,400 | Compare |
| Milton CDP (Saratoga County), New York | 4,353 | $103,680 | $330,100 | Compare |
| Orangeburg | 4,279 | $107,000 | $619,300 | Compare |
| Gang Mills | 4,369 | $118,790 | $274,400 | Compare |
| Armonk | 4,382 | $245,500 | $1,029,300 | Compare |
| Elmira Heights | 4,254 | $54,634 | $98,200 | Compare |
| Spackenkill | 4,244 | $135,219 | $407,800 | 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 Old Westbury With Other Cities
Frequently Asked Questions about Old Westbury
What is the population of Old Westbury, NY?
The population of Old Westbury, NY is 4,320 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 Old Westbury?
The median household income in Old Westbury, NY is $250,001 per year, which is 233% above the national median of $75,149.
What is the median home value in Old Westbury?
The median home value in Old Westbury, NY is $2,000,001, which is 717% above the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Old Westbury?
The median monthly rent in Old Westbury, NY is $3,501, which is 201% above the national average of $1,163/month.
What is the unemployment rate in Old Westbury?
The unemployment rate in Old Westbury, NY is 6.2%, compared to the national average of 3.7%. Job seekers may want to research the dominant industries in the area.
Is Old Westbury, NY a good place to live?
Old Westbury offers above-average incomes, a competitive housing market, and growing employment opportunities. With a population of 4,320 and a median age of 28.7, the city appeals to young professionals and families.
How educated is Old Westbury, NY?
75.0% of residents in Old Westbury 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 Old Westbury?
Key cost-of-living indicators for Old Westbury, NY: median home value is $2,000,001 (717% above national), median rent is $3,501/month, and median household income is $250,001. The home-value-to-income ratio is 8.0x, which suggests housing may be stretched relative to local earnings.
What is the poverty rate in Old Westbury?
The poverty rate in Old Westbury, NY is 5.0%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Old Westbury, NY?
Old Westbury's population is 2.0% White, 1.3% Hispanic or Latino, 1.4% Black or African American, 3.7% Asian, and 6.2% two or more races. 22.0% of residents are foreign-born.