Oyster Bay Cove, NY
Population 2,067 · New York
About Oyster Bay Cove, NY
Oyster Bay Cove is a small town located in New York with a population of 2,067 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 50.1 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 Oyster Bay Cove features a median home value of $1,686,100, which is 588% above the national median of $244,900. This places Oyster Bay Cove in a higher-cost housing market, where property demand often outpaces supply. Median monthly rent is $2,348, 102% above the national average of $1,163/month. Of the 757 total housing units, 91% are owner-occupied (641 units) and 9% are renter-occupied (61 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Oyster Bay Cove shows an unemployment rate of 6.7%, which is significantly above the national rate of 3.7%, suggesting economic challenges in the area. The poverty rate stands at 6.7%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Oyster Bay Cove have an average one-way commute time of 41.9 minutes, suggesting many residents commute to jobs in a nearby metro area.
Education & Demographics
78.6% of Oyster Bay Cove 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 0.9% White, 0.0% Hispanic or Latino, 2.7% Black or African American, and 5.4% Asian residents, with 16.8% of the population being foreign-born.
How Oyster Bay Cove Ranks in New York
Cost of Living in Oyster Bay Cove, NY
Compared to national averages, Oyster Bay Cove has a median household income of $250,001 (233% above the national median of $75,149). Home values average $1,686,100, which is 588% above the national median. Monthly rent at $2,348 is 102% above the US average of $1,163. Within New York, Oyster Bay Cove's income is 158% above the state average of $96,987, and home values are 335% above the state median of $387,181.
Why Live in Oyster Bay Cove, NY?
Oyster Bay Cove offers a strong local economy with a median household income of $250,001, well above the national average, and a well-educated community where 78.6% of residents hold a bachelor’s degree or higher, and a low poverty rate of 6.7%, better than the national average.
Potential considerations include a competitive housing market where the typical home costs $1,686,100. However, Oyster Bay Cove’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Oyster Bay Cove has a population of 2,067 with a median age of 50.1 years. Compare Oyster Bay Cove with other cities to see how it stacks up, or explore all cities in New York.
Similar Cities Near Oyster Bay Cove
Cities in New York with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Upper Brookville | 2,064 | $250,001 | $1,987,500 | Compare |
| Franklinville | 2,063 | $68,580 | $91,600 | Compare |
| Upper Nyack | 2,072 | $181,364 | $681,000 | Compare |
| Apalachin | 2,076 | $79,919 | $160,800 | Compare |
| New Hartford | 2,054 | $80,733 | $206,400 | Compare |
| Waterford | 2,053 | $68,203 | $166,700 | Compare |
| Frewsburg | 2,083 | $58,981 | $115,700 | Compare |
| Mexico | 2,050 | $72,772 | $154,800 | 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 Oyster Bay Cove With Other Cities
Frequently Asked Questions about Oyster Bay Cove
What is the population of Oyster Bay Cove, NY?
The population of Oyster Bay Cove, NY is 2,067 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 Cove?
The median household income in Oyster Bay Cove, NY is $250,001 per year, which is 233% above the national median of $75,149.
What is the median home value in Oyster Bay Cove?
The median home value in Oyster Bay Cove, NY is $1,686,100, which is 588% above the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Oyster Bay Cove?
The median monthly rent in Oyster Bay Cove, NY is $2,348, which is 102% above the national average of $1,163/month.
What is the unemployment rate in Oyster Bay Cove?
The unemployment rate in Oyster Bay Cove, NY is 6.7%, compared to the national average of 3.7%. Job seekers may want to research the dominant industries in the area.
Is Oyster Bay Cove, NY a good place to live?
Oyster Bay Cove offers above-average incomes, a competitive housing market, and growing employment opportunities. With a population of 2,067 and a median age of 50.1, the city appeals to established professionals and retirees.
How educated is Oyster Bay Cove, NY?
78.6% of residents in Oyster Bay Cove 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 Cove?
Key cost-of-living indicators for Oyster Bay Cove, NY: median home value is $1,686,100 (588% above national), median rent is $2,348/month, and median household income is $250,001. The home-value-to-income ratio is 6.7x, which suggests housing may be stretched relative to local earnings.
What is the poverty rate in Oyster Bay Cove?
The poverty rate in Oyster Bay Cove, NY is 6.7%, 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 Cove, NY?
Oyster Bay Cove's population is 0.9% White, 0.0% Hispanic or Latino, 2.7% Black or African American, 5.4% Asian, and 0.8% two or more races. 16.8% of residents are foreign-born.