Shoreham, NY
Population 502 · New York
About Shoreham, NY
Shoreham is a small community located in New York with a population of 502 residents according to the latest US Census Bureau American Community Survey data. The median household income is $138,125 per year, which is 84% above the national median of $75,149. The median age of 47.6 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 Shoreham features a median home value of $639,300, which is 161% above the national median of $244,900. This places Shoreham in a higher-cost housing market, where property demand often outpaces supply. Median monthly rent is $0, 100% below the national average of $1,163/month. Of the 214 total housing units, 96% are owner-occupied (160 units) and 4% are renter-occupied (7 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Shoreham shows an unemployment rate of 5.8%, which is significantly above the national rate of 3.7%, suggesting economic challenges in the area. The poverty rate stands at 0.8%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Shoreham have an average one-way commute time of 30 minutes.
Education & Demographics
70.6% of Shoreham 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 5.8% White, 6.2% Hispanic or Latino, 1.4% Black or African American, and 6.6% Asian residents, with 8.8% of the population being foreign-born.
Cost of Living in Shoreham, NY
Compared to national averages, Shoreham has a median household income of $138,125 (84% above the national median of $75,149). Home values average $639,300, which is 161% above the national median. Monthly rent at $0 is 100% below the US average of $1,163. Within New York, Shoreham's income is 42% above the state average of $96,987, and home values are 65% above the state median of $387,181.
Why Live in Shoreham, NY?
Shoreham offers a strong local economy with a median household income of $138,125, well above the national average, and rent that’s lower than the national average at $0/month, and a well-educated community where 70.6% of residents hold a bachelor’s degree or higher. Additionally, the city features a low poverty rate of 0.8%, better than the national average.
Potential considerations include a competitive housing market where the typical home costs $639,300. However, Shoreham’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Shoreham has a population of 502 with a median age of 47.6 years. Compare Shoreham with other cities to see how it stacks up, or explore all cities in New York.
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Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
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Frequently Asked Questions about Shoreham
What is the population of Shoreham, NY?
The population of Shoreham, NY is 502 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 Shoreham?
The median household income in Shoreham, NY is $138,125 per year, which is 84% above the national median of $75,149.
What is the median home value in Shoreham?
The median home value in Shoreham, NY is $639,300, which is 161% above the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Shoreham?
The median monthly rent in Shoreham, NY is $0, which is 100% below the national average of $1,163/month.
What is the unemployment rate in Shoreham?
The unemployment rate in Shoreham, NY is 5.8%, compared to the national average of 3.7%. Job seekers may want to research the dominant industries in the area.
Is Shoreham, NY a good place to live?
Shoreham offers above-average incomes, a competitive housing market, and growing employment opportunities. With a population of 502 and a median age of 47.6, the city appeals to established professionals and retirees.
How educated is Shoreham, NY?
70.6% of residents in Shoreham 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 Shoreham?
Key cost-of-living indicators for Shoreham, NY: median home value is $639,300 (161% above national), median rent is $0/month, and median household income is $138,125. The home-value-to-income ratio is 4.6x, a moderate figure by national standards.
What is the poverty rate in Shoreham?
The poverty rate in Shoreham, NY is 0.8%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Shoreham, NY?
Shoreham's population is 5.8% White, 6.2% Hispanic or Latino, 1.4% Black or African American, 6.6% Asian, and 0.0% two or more races. 8.8% of residents are foreign-born.