Owego, NY
Population 3,823 · New York
About Owego, NY
Owego is a small town located in New York with a population of 3,823 residents according to the latest US Census Bureau American Community Survey data. The median household income is $57,240 per year, which is 24% below the national median of $75,149. The median age of 38.3 years is close to the US median age of 38.9 years.
Housing Market Overview
The housing market in Owego features a median home value of $143,000, which is 42% below the national median of $244,900. This makes Owego one of the more affordable markets in the country, potentially attractive for first-time homebuyers. Median monthly rent is $918, 21% below the national average of $1,163/month. Of the 1,872 total housing units, 46% are owner-occupied (766 units) and 54% are renter-occupied (902 units). The higher proportion of renters may reflect a transient population, younger demographics, or high housing costs relative to income.
Economy & Employment
The local economy in Owego shows an unemployment rate of 2.9%, which is lower than the national rate of 3.7%, indicating a relatively strong job market. The poverty rate stands at 26.4%, above the national average of 12.4%. Workers in Owego have an average one-way commute time of 20.8 minutes.
Education & Demographics
35.5% of Owego residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. This is in line with national trends in educational attainment. The community's demographic composition includes 1.0% White, 0.3% Hispanic or Latino, 1.0% Black or African American, and 0.0% Asian residents, with 1.5% of the population being foreign-born.
Cost of Living in Owego, NY
Compared to national averages, Owego has a median household income of $57,240 (24% below the national median of $75,149). Home values average $143,000, which is 42% below the national median. Monthly rent at $918 is 21% below the US average of $1,163. Within New York, Owego's income is 41% below the state average of $96,987, and home values are 63% below the state median of $387,181.
Why Live in Owego, NY?
Owego offers affordable housing with a median home value of $143,000, below the US average of $244,900, and rent that’s lower than the national average at $918/month, and a strong job market with an unemployment rate of just 2.9%. Additionally, the city features a well-educated community where 35.5% of residents hold a bachelor’s degree or higher, and short commute times averaging just 20.8 minutes.
Potential considerations include median household income ($57,240) that falls below the national average. However, Owego’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Owego has a population of 3,823 with a median age of 38.3 years. Compare Owego with other cities to see how it stacks up, or explore all cities in New York.
Similar Cities Near Owego
Cities in New York with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Lansing | 3,837 | $75,901 | $403,900 | Compare |
| Catskill | 3,803 | $73,906 | $228,700 | Compare |
| Montgomery | 3,800 | $88,348 | $345,700 | Compare |
| Manhasset Hills | 3,789 | $192,198 | $1,059,800 | Compare |
| Sidney | 3,865 | $49,226 | $116,100 | Compare |
| Glenwood Landing | 3,776 | $126,628 | $861,000 | Compare |
| Saugerties | 3,877 | $45,213 | $314,500 | Compare |
| South Blooming Grove | 3,880 | $68,958 | $464,000 | 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 Owego With Other Cities
Frequently Asked Questions about Owego
What is the population of Owego, NY?
The population of Owego, NY is 3,823 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 Owego?
The median household income in Owego, NY is $57,240 per year, which is 24% below the national median of $75,149.
What is the median home value in Owego?
The median home value in Owego, NY is $143,000, which is 42% below the national median of $244,900. A significant portion of residents rent their homes.
What is the average rent in Owego?
The median monthly rent in Owego, NY is $918, which is 21% below the national average of $1,163/month.
What is the unemployment rate in Owego?
The unemployment rate in Owego, NY is 2.9%, compared to the national average of 3.7%. This lower-than-average rate suggests a relatively healthy local job market.
Is Owego, NY a good place to live?
Owego offers a moderate cost of living, affordable housing, and a strong job market. With a population of 3,823 and a median age of 38.3, the city appeals to a broad range of residents.
How educated is Owego, NY?
35.5% of residents in Owego 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 Owego?
Key cost-of-living indicators for Owego, NY: median home value is $143,000 (42% below national), median rent is $918/month, and median household income is $57,240. The home-value-to-income ratio is 2.5x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Owego?
The poverty rate in Owego, NY is 26.4%, compared to the national average of 12.4%. Residents and prospective movers should be aware of the economic challenges facing parts of this community.
How diverse is Owego, NY?
Owego's population is 1.0% White, 0.3% Hispanic or Latino, 1.0% Black or African American, 0.0% Asian, and 1.9% two or more races. 1.5% of residents are foreign-born.