Oyster Bay, NY
Population 6,900 · New York
About Oyster Bay, NY
Oyster Bay is a small town located in New York with a population of 6,900 residents according to the latest US Census Bureau American Community Survey data. The median household income is $102,540 per year, which is 36% above the national median of $75,149. The median age of 39.8 years is close to the US median age of 38.9 years.
Housing Market Overview
The housing market in Oyster Bay features a median home value of $634,600, which is 159% above the national median of $244,900. This places Oyster Bay in a higher-cost housing market, where property demand often outpaces supply. Median monthly rent is $2,300, 98% above the national average of $1,163/month. Of the 2,931 total housing units, 51% are owner-occupied (1,424 units) and 49% are renter-occupied (1,351 units). The balanced mix of owners and renters indicates a diverse housing market.
Economy & Employment
The local economy in Oyster Bay shows an unemployment rate of 6.0%, which is significantly above the national rate of 3.7%, suggesting economic challenges in the area. The poverty rate stands at 11.1%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Oyster Bay have an average one-way commute time of 27 minutes.
Education & Demographics
45.0% of Oyster Bay 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 3.2% White, 0.4% Hispanic or Latino, 1.0% Black or African American, and 25.0% Asian residents, with 14.6% of the population being foreign-born.
Cost of Living in Oyster Bay, NY
Compared to national averages, Oyster Bay has a median household income of $102,540 (36% above the national median of $75,149). Home values average $634,600, which is 159% above the national median. Monthly rent at $2,300 is 98% above the US average of $1,163. Within New York, Oyster Bay's income is 6% above the state average of $96,987, and home values are 64% above the state median of $387,181.
Why Live in Oyster Bay, NY?
Oyster Bay offers a strong local economy with a median household income of $102,540, well above the national average, and a well-educated community where 45.0% of residents hold a bachelor’s degree or higher, and a low poverty rate of 11.1%, better than the national average.
Potential considerations include a competitive housing market where the typical home costs $634,600. However, Oyster Bay’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Oyster Bay has a population of 6,900 with a median age of 39.8 years. Compare Oyster Bay with other cities to see how it stacks up, or explore all cities in New York.
Similar Cities Near Oyster Bay
Cities in New York with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Radisson | 6,901 | $92,138 | $301,600 | Compare |
| Roslyn Heights | 6,881 | $186,696 | $941,300 | Compare |
| Norwich | 6,880 | $51,713 | $123,100 | Compare |
| Binghamton University | 6,921 | $0 | $0 | Compare |
| Walden | 6,871 | $89,652 | $328,300 | Compare |
| Manorhaven | 6,934 | $93,322 | $669,700 | Compare |
| Seneca Falls | 6,967 | $54,429 | $119,300 | Compare |
| Tuckahoe | 6,990 | $127,344 | $625,600 | 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 Oyster Bay With Other Cities
Frequently Asked Questions about Oyster Bay
What is the population of Oyster Bay, NY?
The population of Oyster Bay, NY is 6,900 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 Oyster Bay?
The median household income in Oyster Bay, NY is $102,540 per year, which is 36% above the national median of $75,149.
What is the median home value in Oyster Bay?
The median home value in Oyster Bay, NY is $634,600, which is 159% above the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Oyster Bay?
The median monthly rent in Oyster Bay, NY is $2,300, which is 98% above the national average of $1,163/month.
What is the unemployment rate in Oyster Bay?
The unemployment rate in Oyster Bay, NY is 6.0%, compared to the national average of 3.7%. Job seekers may want to research the dominant industries in the area.
Is Oyster Bay, NY a good place to live?
Oyster Bay offers above-average incomes, a competitive housing market, and growing employment opportunities. With a population of 6,900 and a median age of 39.8, the city appeals to a broad range of residents.
How educated is Oyster Bay, NY?
45.0% of residents in Oyster Bay 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 Oyster Bay?
Key cost-of-living indicators for Oyster Bay, NY: median home value is $634,600 (159% above national), median rent is $2,300/month, and median household income is $102,540. The home-value-to-income ratio is 6.2x, which suggests housing may be stretched relative to local earnings.
What is the poverty rate in Oyster Bay?
The poverty rate in Oyster Bay, NY is 11.1%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Oyster Bay, NY?
Oyster Bay's population is 3.2% White, 0.4% Hispanic or Latino, 1.0% Black or African American, 25.0% Asian, and 2.9% two or more races. 14.6% of residents are foreign-born.