Wassaic, NY
Population 324 · New York
About Wassaic, NY
Wassaic is a small community located in New York with a population of 324 residents according to the latest US Census Bureau American Community Survey data. The median household income is $61,875 per year, which is 18% below the national median of $75,149. The median age of 32.5 years is notably younger the US median age of 38.9 years, indicating a younger, often more dynamic population base.
Housing Market Overview
The housing market in Wassaic features a median home value of $134,700, which is 45% below the national median of $244,900. This makes Wassaic one of the more affordable markets in the country, potentially attractive for first-time homebuyers. Median monthly rent is $0, 100% below the national average of $1,163/month. Of the 118 total housing units, 68% are owner-occupied (59 units) and 32% are renter-occupied (28 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Wassaic shows an unemployment rate of 27.0%, which is significantly above the national rate of 3.7%, suggesting economic challenges in the area. The poverty rate stands at 2.2%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Wassaic have an average one-way commute time of 31 minutes.
Education & Demographics
27.7% of Wassaic residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. This is in line with national trends in educational attainment. The community's demographic composition includes 0.0% White, 0.0% Hispanic or Latino, 31.5% Black or African American, and 15.4% Asian residents, with 2.2% of the population being foreign-born.
Cost of Living in Wassaic, NY
Compared to national averages, Wassaic has a median household income of $61,875 (18% below the national median of $75,149). Home values average $134,700, which is 45% below the national median. Monthly rent at $0 is 100% below the US average of $1,163. Within New York, Wassaic's income is 36% below the state average of $96,987, and home values are 65% below the state median of $387,181.
Why Live in Wassaic, NY?
Wassaic offers affordable housing with a median home value of $134,700, below the US average of $244,900, and rent that’s lower than the national average at $0/month, and a low poverty rate of 2.2%, better than the national average.
Potential considerations include median household income ($61,875) that falls below the national average. However, Wassaic’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Wassaic has a population of 324 with a median age of 32.5 years. Compare Wassaic with other cities to see how it stacks up, or explore all cities in New York.
Similar Cities Near Wassaic
Cities in New York with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Cherry Creek | 325 | $68,309 | $67,000 | Compare |
| Hartwick Seminary | 322 | $50,750 | $221,400 | Compare |
| Livonia Center | 326 | $77,833 | $164,500 | Compare |
| Grahamsville | 328 | $103,938 | $262,500 | Compare |
| Romulus | 320 | $48,281 | $79,500 | Compare |
| Dresden | 318 | $68,571 | $108,000 | Compare |
| Smithville Flats | 330 | $54,531 | $93,800 | Compare |
| Hammond | 317 | $52,833 | $93,800 | 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.
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Frequently Asked Questions about Wassaic
What is the population of Wassaic, NY?
The population of Wassaic, NY is 324 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 Wassaic?
The median household income in Wassaic, NY is $61,875 per year, which is 18% below the national median of $75,149.
What is the median home value in Wassaic?
The median home value in Wassaic, NY is $134,700, which is 45% below the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Wassaic?
The median monthly rent in Wassaic, NY is $0, which is 100% below the national average of $1,163/month.
What is the unemployment rate in Wassaic?
The unemployment rate in Wassaic, NY is 27.0%, compared to the national average of 3.7%. Job seekers may want to research the dominant industries in the area.
Is Wassaic, NY a good place to live?
Wassaic offers a moderate cost of living, affordable housing, and growing employment opportunities. With a population of 324 and a median age of 32.5, the city appeals to young professionals and families.
How educated is Wassaic, NY?
27.7% of residents in Wassaic aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. The educational profile reflects the area's industry mix and employment landscape.
What is the cost of living in Wassaic?
Key cost-of-living indicators for Wassaic, NY: median home value is $134,700 (45% below national), median rent is $0/month, and median household income is $61,875. The home-value-to-income ratio is 2.2x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Wassaic?
The poverty rate in Wassaic, NY is 2.2%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Wassaic, NY?
Wassaic's population is 0.0% White, 0.0% Hispanic or Latino, 31.5% Black or African American, 15.4% Asian, and 0.0% two or more races. 2.2% of residents are foreign-born.