Thomaston, NY
Population 2,734 · New York
About Thomaston, NY
Thomaston is a small town located in New York with a population of 2,734 residents according to the latest US Census Bureau American Community Survey data. The median household income is $152,206 per year, which is 103% above the national median of $75,149. The median age of 47.1 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 Thomaston features a median home value of $1,044,900, which is 327% above the national median of $244,900. This places Thomaston in a higher-cost housing market, where property demand often outpaces supply. Median monthly rent is $2,408, 107% above the national average of $1,163/month. Of the 1,051 total housing units, 88% are owner-occupied (917 units) and 12% are renter-occupied (129 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Thomaston shows an unemployment rate of 3.0%, which is lower than the national rate of 3.7%, indicating a relatively strong job market. The poverty rate stands at 7.3%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Thomaston have an average one-way commute time of 40.7 minutes, suggesting many residents commute to jobs in a nearby metro area.
Education & Demographics
71.3% of Thomaston 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, 0.6% Hispanic or Latino, 0.0% Black or African American, and 1.2% Asian residents, with 36.4% of the population being foreign-born.
Cost of Living in Thomaston, NY
Compared to national averages, Thomaston has a median household income of $152,206 (103% above the national median of $75,149). Home values average $1,044,900, which is 327% above the national median. Monthly rent at $2,408 is 107% above the US average of $1,163. Within New York, Thomaston's income is 57% above the state average of $96,987, and home values are 170% above the state median of $387,181.
Why Live in Thomaston, NY?
Thomaston offers a strong local economy with a median household income of $152,206, well above the national average, and a strong job market with an unemployment rate of just 3.0%, and a well-educated community where 71.3% of residents hold a bachelor’s degree or higher. Additionally, the city features a low poverty rate of 7.3%, better than the national average.
Potential considerations include a competitive housing market where the typical home costs $1,044,900. However, Thomaston’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Thomaston has a population of 2,734 with a median age of 47.1 years. Compare Thomaston with other cities to see how it stacks up, or explore all cities in New York.
Similar Cities Near Thomaston
Cities in New York with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Sands Point | 2,725 | $250,001 | $2,000,001 | Compare |
| Coxsackie | 2,746 | $69,773 | $251,800 | Compare |
| Cazenovia | 2,760 | $91,923 | $258,700 | Compare |
| Victor | 2,707 | $98,068 | $288,300 | Compare |
| East Norwich | 2,703 | $172,321 | $796,200 | Compare |
| Shrub Oak | 2,770 | $170,225 | $498,800 | Compare |
| Whitehall | 2,693 | $41,625 | $100,600 | Compare |
| Honeoye Falls | 2,778 | $79,750 | $249,000 | 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 Thomaston With Other Cities
Frequently Asked Questions about Thomaston
What is the population of Thomaston, NY?
The population of Thomaston, NY is 2,734 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 Thomaston?
The median household income in Thomaston, NY is $152,206 per year, which is 103% above the national median of $75,149.
What is the median home value in Thomaston?
The median home value in Thomaston, NY is $1,044,900, which is 327% above the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Thomaston?
The median monthly rent in Thomaston, NY is $2,408, which is 107% above the national average of $1,163/month.
What is the unemployment rate in Thomaston?
The unemployment rate in Thomaston, NY is 3.0%, compared to the national average of 3.7%. This lower-than-average rate suggests a relatively healthy local job market.
Is Thomaston, NY a good place to live?
Thomaston offers above-average incomes, a competitive housing market, and a strong job market. With a population of 2,734 and a median age of 47.1, the city appeals to established professionals and retirees.
How educated is Thomaston, NY?
71.3% of residents in Thomaston 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 Thomaston?
Key cost-of-living indicators for Thomaston, NY: median home value is $1,044,900 (327% above national), median rent is $2,408/month, and median household income is $152,206. The home-value-to-income ratio is 6.9x, which suggests housing may be stretched relative to local earnings.
What is the poverty rate in Thomaston?
The poverty rate in Thomaston, NY is 7.3%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Thomaston, NY?
Thomaston's population is 0.0% White, 0.6% Hispanic or Latino, 0.0% Black or African American, 1.2% Asian, and 0.5% two or more races. 36.4% of residents are foreign-born.