Water Mill, NY
Population 2,218 · New York
About Water Mill, NY
Water Mill is a small community in New York with a population of 2,218 residents. The median household income is $158,250 per year, which is above the national average. The median age in Water Mill is 56.2 years.
Housing in Water Mill has a median home value of $2,000,001 and median monthly rent of $3,150. Of the 2,374 total housing units, the majority are owner-occupied, with 985 owner-occupied and 95 renter-occupied units.
The unemployment rate in Water Mill is 7.1% and the poverty rate is 3.4%. 77.6% of residents hold a bachelor's degree or higher. The average commute time is 23.3 minutes.
How Water Mill Ranks in New York
Cost of Living in Water Mill, NY
Compared to national averages, Water Mill has a median household income of $158,250 (111% above the national median of $75,149). Home values average $2,000,001, which is 717% above the national median. Monthly rent at $3,150 is 171% above the US average of $1,163. Within New York, Water Mill's income is 63% above the state average of $96,987, and home values are 417% above the state median of $387,181.
Why Live in Water Mill, NY?
Water Mill offers a strong local economy with a median household income of $158,250, well above the national average, and a well-educated community where 77.6% of residents hold a bachelor’s degree or higher, and a low poverty rate of 3.4%, better than the national average. Additionally, the city features short commute times averaging just 23.3 minutes.
Potential considerations include a competitive housing market where the typical home costs $2,000,001. However, Water Mill’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Water Mill has a population of 2,218 with a median age of 56.2 years. Compare Water Mill with other cities to see how it stacks up, or explore all cities in New York.
Similar Cities Near Water Mill
Cities in New York with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Brewster Hill | 2,211 | $96,540 | $416,200 | Compare |
| Tioga Terrace | 2,206 | $126,250 | $209,700 | Compare |
| Pulaski | 2,202 | $62,733 | $151,200 | Compare |
| Fort Montgomery | 2,198 | $80,946 | $347,200 | Compare |
| Caledonia | 2,193 | $89,583 | $169,700 | Compare |
| Fishkill | 2,193 | $94,348 | $280,400 | Compare |
| Lima | 2,188 | $85,469 | $195,400 | Compare |
| Saugerties South | 2,253 | $81,250 | $264,000 | 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.
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Frequently Asked Questions about Water Mill
What is the population of Water Mill, NY?
The population of Water Mill, NY is 2,218 according to the latest Census data.
What is the median household income in Water Mill?
The median household income in Water Mill, NY is $158,250 per year.
What is the median home value in Water Mill?
The median home value in Water Mill, NY is $2,000,001.
What is the average rent in Water Mill?
The median monthly rent in Water Mill, NY is $3,150.
What is the unemployment rate in Water Mill?
The unemployment rate in Water Mill, NY is 7.1%.