Peach Lake, NY
Population 988 · New York
About Peach Lake, NY
Peach Lake is a small community located in New York with a population of 988 residents according to the latest US Census Bureau American Community Survey data. The median household income is $136,136 per year, which is 81% above the national median of $75,149. The median age of 53.5 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 Peach Lake features a median home value of $456,600, which is 86% above the national median of $244,900. This places Peach Lake in a higher-cost housing market, where property demand often outpaces supply. Median monthly rent is $2,164, 86% above the national average of $1,163/month. Of the 536 total housing units, 84% are owner-occupied (369 units) and 16% are renter-occupied (69 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Peach Lake shows an unemployment rate of 0.5%, which is lower than the national rate of 3.7%, indicating a relatively strong job market. The poverty rate stands at 7.2%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Peach Lake have an average one-way commute time of 39.1 minutes, suggesting many residents commute to jobs in a nearby metro area.
Education & Demographics
56.1% of Peach Lake 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 0.0% White, 0.8% Hispanic or Latino, 4.1% Black or African American, and 1.4% Asian residents, with 12.4% of the population being foreign-born.
How Peach Lake Ranks in New York
Cost of Living in Peach Lake, NY
Compared to national averages, Peach Lake has a median household income of $136,136 (81% above the national median of $75,149). Home values average $456,600, which is 86% above the national median. Monthly rent at $2,164 is 86% above the US average of $1,163. Within New York, Peach Lake's income is 40% above the state average of $96,987, and home values are 18% above the state median of $387,181.
Why Live in Peach Lake, NY?
Peach Lake offers a strong local economy with a median household income of $136,136, well above the national average, and a strong job market with an unemployment rate of just 0.5%, and a well-educated community where 56.1% of residents hold a bachelor’s degree or higher. Additionally, the city features a low poverty rate of 7.2%, better than the national average.
Potential considerations include a competitive housing market where the typical home costs $456,600. However, Peach Lake’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Peach Lake has a population of 988 with a median age of 53.5 years. Compare Peach Lake with other cities to see how it stacks up, or explore all cities in New York.
Similar Cities Near Peach Lake
Cities in New York with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Palenville | 990 | $0 | $233,700 | Compare |
| Tully | 990 | $76,094 | $172,700 | Compare |
| Port Byron | 994 | $51,528 | $100,000 | Compare |
| Avoca | 981 | $64,375 | $91,100 | Compare |
| Point Lookout | 996 | $108,371 | $1,049,100 | Compare |
| Cohocton | 997 | $64,167 | $82,200 | Compare |
| Wilmington | 979 | $91,750 | $260,300 | Compare |
| Shelter Island Heights | 998 | $103,884 | $1,041,300 | 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 Peach Lake With Other Cities
Frequently Asked Questions about Peach Lake
What is the population of Peach Lake, NY?
The population of Peach Lake, NY is 988 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 Peach Lake?
The median household income in Peach Lake, NY is $136,136 per year, which is 81% above the national median of $75,149.
What is the median home value in Peach Lake?
The median home value in Peach Lake, NY is $456,600, which is 86% above the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Peach Lake?
The median monthly rent in Peach Lake, NY is $2,164, which is 86% above the national average of $1,163/month.
What is the unemployment rate in Peach Lake?
The unemployment rate in Peach Lake, NY is 0.5%, compared to the national average of 3.7%. This lower-than-average rate suggests a relatively healthy local job market.
Is Peach Lake, NY a good place to live?
Peach Lake offers above-average incomes, a competitive housing market, and a strong job market. With a population of 988 and a median age of 53.5, the city appeals to established professionals and retirees.
How educated is Peach Lake, NY?
56.1% of residents in Peach Lake 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 Peach Lake?
Key cost-of-living indicators for Peach Lake, NY: median home value is $456,600 (86% above national), median rent is $2,164/month, and median household income is $136,136. The home-value-to-income ratio is 3.4x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Peach Lake?
The poverty rate in Peach Lake, NY is 7.2%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Peach Lake, NY?
Peach Lake's population is 0.0% White, 0.8% Hispanic or Latino, 4.1% Black or African American, 1.4% Asian, and 0.0% two or more races. 12.4% of residents are foreign-born.